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

Sportradar Group AG (NASDAQ:SRAD) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $17.55 and last traded at $17.47, with a volume of 271925 shares changing hands. The stock had previously closed at $17.22.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SRAD. 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. Benchmark increased their price objective on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Morgan Stanley boosted their price objective on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group raised Sportradar Group from a “hold” rating to a “buy” rating and increased their price target for the company from $12.00 to $16.00 in a report on Wednesday, August 14th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Sportradar Group presently has a consensus rating of “Moderate Buy” and an average price target of $15.63.

Sportradar Group Stock Up 0.9 %

The firm has a 50 day moving average price of $12.82 and a two-hundred day moving average price of $11.55. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $19.32 billion, a price-to-earnings ratio of 86.10, a P/E/G ratio of 2.62 and a beta of 2.05.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP raised its holdings in shares of Sportradar Group by 187.4% during the second quarter. Quarry LP now owns 2,690 shares of the company’s stock valued at $30,000 after buying an additional 1,754 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Sportradar Group during the third quarter valued at approximately $41,000. nVerses Capital LLC raised its holdings in shares of Sportradar Group by 120.0% during the second quarter. nVerses Capital LLC now owns 4,400 shares of the company’s stock valued at $49,000 after buying an additional 2,400 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Sportradar Group during the first quarter valued at approximately $60,000. Finally, Barclays PLC raised its holdings in shares of Sportradar Group by 3,098.9% during the third quarter. Barclays PLC now owns 5,918 shares of the company’s stock valued at $72,000 after buying an additional 5,733 shares during the last quarter.

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.