Sportradar Group (NASDAQ:SRAD) Shares Up 4.3% - What's Next?

Sportradar Group AG (NASDAQ:SRAD - Get Free Report)'s share price was up 4.3% during trading on Wednesday . The stock traded as high as $20.72 and last traded at $20.95. Approximately 303,952 shares were traded during trading, a decline of 49% from the average daily volume of 591,426 shares. The stock had previously closed at $20.08.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Canaccord Genuity Group boosted their price target on Sportradar Group from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday. Guggenheim began coverage on Sportradar Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $27.00 target price for the company. Needham & Company LLC increased their price target on Sportradar Group from $18.00 to $27.00 and gave the company a "buy" rating in a report on Thursday. Jefferies Financial Group boosted their price objective on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their target price on shares of Sportradar Group from $20.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Sportradar Group has a consensus rating of "Moderate Buy" and a consensus target price of $24.67.

Sportradar Group Price Performance

The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock's 50-day moving average is $21.01 and its 200-day moving average is $16.99. The firm has a market cap of $24.81 billion, a P/E ratio of 111.61, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Greenhouse Funds LLLP increased its stake in Sportradar Group by 2.0% during the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock valued at $170,868,000 after acquiring an additional 193,962 shares during the period. Janus Henderson Group PLC increased its position in shares of Sportradar Group by 14.9% during the third quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company's stock valued at $43,384,000 after purchasing an additional 463,441 shares during the period. Unisphere Establishment bought a new stake in shares of Sportradar Group during the fourth quarter valued at approximately $51,596,000. Granahan Investment Management LLC raised its stake in shares of Sportradar Group by 86.2% in the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock valued at $34,836,000 after purchasing an additional 930,310 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Sportradar Group by 47.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock worth $24,370,000 after purchasing an additional 454,826 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.