Sportradar Group (NASDAQ:SRAD) Sets New 52-Week High - Here's What Happened

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $18.75 and last traded at $18.15, with a volume of 1252046 shares changing hands. The stock had previously closed at $18.11.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and set a $16.00 target price on shares of Sportradar Group in a research report on Thursday, November 7th. Citigroup upped their price objective on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Morgan Stanley raised their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. Benchmark upped their price target on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised shares of Sportradar Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $12.00 to $15.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Sportradar Group has an average rating of "Moderate Buy" and a consensus target price of $16.38.

Sportradar Group Stock Performance

The company's 50 day moving average is $16.63 and its 200 day moving average is $13.38. The firm has a market cap of $20.63 billion, a P/E ratio of 92.80, a P/E/G ratio of 2.12 and a beta of 2.18. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

Institutional Trading of Sportradar Group

A number of hedge funds have recently made changes to their positions in SRAD. Renaissance Technologies LLC grew its stake in shares of Sportradar Group by 65.3% in the second quarter. Renaissance Technologies LLC now owns 343,700 shares of the company's stock worth $3,843,000 after purchasing an additional 135,800 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Sportradar Group in the 2nd quarter valued at about $189,000. Divisadero Street Capital Management LP acquired a new stake in shares of Sportradar Group in the second quarter valued at about $8,392,000. Marshall Wace LLP raised its position in shares of Sportradar Group by 152.8% during the second quarter. Marshall Wace LLP now owns 391,806 shares of the company's stock worth $4,380,000 after acquiring an additional 236,831 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Sportradar Group by 133.7% in the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company's stock worth $18,292,000 after acquiring an additional 935,909 shares during the period.

Sportradar Group Company Profile

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.