Sportradar Group (NASDAQ:SRAD) Sets New 1-Year High – Here’s What Happened

Sportradar Group AG (NASDAQ:SRAD) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $18.75 and last traded at $18.15, with a volume of 1252046 shares trading hands. The stock had previously closed at $18.11.

Analyst Upgrades and Downgrades

SRAD has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $12.00 to $15.00 in a report on Monday, October 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a research report on Thursday, November 7th. Benchmark boosted their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, JMP Securities lifted their price objective on shares of Sportradar Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Monday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.38.

Sportradar Group Trading Up 0.2 %

The company’s fifty day moving average is $16.63 and its 200-day moving average is $13.38. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $20.17 billion, a P/E ratio of 90.75, a P/E/G ratio of 2.12 and a beta of 2.18.

Institutional Investors Weigh In On Sportradar Group

Hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP lifted its position in shares of Sportradar Group by 142.7% during the 3rd quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock worth $837,000 after purchasing an additional 40,621 shares during the last quarter. Jane Street Group LLC bought a new position in Sportradar Group in the 3rd quarter worth approximately $479,000. Millennium Management LLC lifted its holdings in shares of Sportradar Group by 133.7% during the second quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock worth $18,292,000 after buying an additional 935,909 shares during the last quarter. Renaissance Technologies LLC boosted its position 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 valued at $3,843,000 after acquiring an additional 135,800 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Sportradar Group in the third quarter worth $2,617,000.

About Sportradar Group

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.