Sportradar Group (NASDAQ:SRAD) Trading Up 4.3% – Here’s What Happened

Shares of Sportradar Group AG (NASDAQ:SRAD) were up 4.3% on Wednesday . The company traded as high as $20.72 and last traded at $20.95. Approximately 303,952 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 591,426 shares. The stock had previously closed at $20.08.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SRAD shares. Guggenheim assumed coverage on Sportradar Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $27.00 price target on the stock. Jefferies Financial Group raised their price objective on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. JMP Securities reaffirmed a “market outperform” rating and set a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. Canaccord Genuity Group increased their target price on Sportradar Group from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Citigroup increased their target price on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Sportradar Group presently has an average rating of “Moderate Buy” and an average target price of $19.67.

Sportradar Group Price Performance

The company has a market cap of $24.06 billion, a P/E ratio of 108.19, a PEG ratio of 1.53 and a beta of 2.19. The company has a fifty day moving average price of $20.79 and a two-hundred day moving average price of $16.76. 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 Investors Weigh In On Sportradar Group

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Sportradar Group by 120.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock valued at $639,000 after purchasing an additional 28,878 shares during the last quarter. Jane Street Group LLC acquired a new stake in Sportradar Group during the third quarter worth approximately $479,000. Cornerstone Investment Partners LLC acquired a new stake in Sportradar Group during the fourth quarter worth approximately $199,000. Moody National Bank Trust Division lifted its position in Sportradar Group by 80.6% during the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock worth $2,374,000 after acquiring an additional 61,105 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in Sportradar Group during the fourth quarter worth approximately $406,000.

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.