Sportradar Group (NASDAQ:SRAD) Hits New 1-Year High – Here’s Why

Sportradar Group AG (NASDAQ:SRAD)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $22.50 and last traded at $22.32, with a volume of 83348 shares changing hands. The stock had previously closed at $22.17.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SRAD shares. 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. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. Citigroup lifted their price objective 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. Finally, Benchmark raised their target price on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Sportradar Group Trading Up 0.1 %

The firm has a market capitalization of $24.66 billion, a PE ratio of 110.89, a price-to-earnings-growth ratio of 1.49 and a beta of 2.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The company has a fifty day moving average of $18.95 and a 200-day moving average of $15.06.

Institutional Investors Weigh In On Sportradar Group

Institutional investors have recently made changes to their positions in the company. Portolan Capital Management LLC bought a new position in Sportradar Group during the third quarter valued at approximately $12,061,000. Sellaronda Global Management LP acquired a new position in shares of Sportradar Group during the 4th quarter worth $14,739,000. Penn Capital Management Company LLC bought a new position in shares of Sportradar Group during the 4th quarter valued at $14,029,000. New York State Common Retirement Fund bought a new position in shares of Sportradar Group in the 4th quarter valued at approximately $12,887,000. Finally, Oberweis Asset Management Inc. acquired a new stake in shares of Sportradar Group in the fourth quarter worth $12,639,000.

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.