Sportradar Group (NASDAQ:SRAD) Reaches New 52-Week High – Time to Buy?

Sportradar Group AG (NASDAQ:SRAD) shares hit a new 52-week high on Tuesday . The stock traded as high as $19.75 and last traded at $19.66, with a volume of 166069 shares changing hands. The stock had previously closed at $18.71.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SRAD shares. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research report on Thursday, November 7th. Citigroup raised their target price 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. Benchmark raised 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. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. Finally, Morgan Stanley raised their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Sportradar Group has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Sportradar Group Stock Performance

The company has a market capitalization of $22.23 billion, a PE ratio of 100.01, a PEG ratio of 1.47 and a beta of 2.18. The business’s 50-day moving average is $17.42 and its 200-day moving average is $13.70. 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

Institutional investors and hedge funds have recently bought and sold shares of the company. Aurora Investment Counsel grew its holdings in shares of Sportradar Group by 0.4% during the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company’s stock valued at $2,186,000 after buying an additional 706 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Sportradar Group by 85.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after acquiring an additional 1,272 shares during the last quarter. Quarry LP raised its holdings in Sportradar Group by 187.4% in the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after acquiring an additional 1,754 shares during the last quarter. nVerses Capital LLC raised its holdings in Sportradar Group by 45.5% in the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock worth $78,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Sportradar Group in the 3rd quarter worth approximately $41,000.

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.