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

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

Analyst Ratings Changes

SRAD has been the topic of a number of research reports. Citigroup raised their price target on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. JMP Securities raised their target price on shares of Sportradar Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Monday. Benchmark upped their price target on shares of Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Morgan Stanley raised their price objective 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. Finally, JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $12.00 to $15.00 in a research note on Monday, October 21st. 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, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average target price of $16.38.

Sportradar Group Stock Performance

The stock has a 50-day moving average price of $16.74 and a 200 day moving average price of $13.42. The firm has a market cap of $20.63 billion, a PE ratio of 92.80, a P/E/G ratio of 2.12 and a beta of 2.18. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SRAD. GSA Capital Partners LLP grew its stake in shares of Sportradar Group by 142.7% in the third quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock valued at $837,000 after buying an additional 40,621 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Sportradar Group during the 3rd quarter valued at approximately $479,000. Millennium Management LLC grew its position 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 in the last quarter. Renaissance Technologies LLC increased its stake 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 worth $3,843,000 after buying an additional 135,800 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in Sportradar Group in the third quarter valued at $2,617,000.

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.