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

Sportradar Group AG (NASDAQ:SRAD) shares reached a new 52-week high on Wednesday . The company traded as high as $21.56 and last traded at $21.51, with a volume of 251268 shares traded. The stock had previously closed at $21.29.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SRAD. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $12.00 to $15.00 in a research note on Monday, October 21st. Benchmark boosted their price target on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group increased their price objective on Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Morgan Stanley upped 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. Finally, Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Sportradar Group Stock Up 1.2 %

The stock has a fifty day moving average of $18.63 and a two-hundred day moving average of $14.74. The stock has a market cap of $24.09 billion, a price-to-earnings ratio of 108.36, a PEG ratio of 1.46 and a beta of 2.20. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

Institutional Investors Weigh In On Sportradar Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Portolan Capital Management LLC acquired a new position in shares of Sportradar Group during the third quarter worth $12,061,000. New York State Common Retirement Fund purchased a new position in Sportradar Group in the fourth quarter valued at about $12,887,000. Cambiar Investors LLC acquired a new position in shares of Sportradar Group in the 4th quarter valued at approximately $10,837,000. Janus Henderson Group PLC boosted its stake in shares of Sportradar Group by 14.9% during the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock valued at $43,384,000 after buying an additional 463,441 shares during the last quarter. Finally, Roubaix Capital LLC acquired a new stake in shares of Sportradar Group during the third quarter worth approximately $4,131,000.

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.