Sportradar Group (NASDAQ:SRAD) Reaches New 1-Year High – Still a Buy?

Sportradar Group AG (NASDAQ:SRAD)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $21.00 and last traded at $20.45, with a volume of 2156 shares traded. The stock had previously closed at $20.42.

Wall Street Analyst Weigh In

SRAD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $12.00 to $15.00 in a research report on Monday, October 21st. JMP Securities lifted their target price on Sportradar Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a report on Monday, January 6th. Citigroup upped their price target on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Needham & Company LLC reiterated a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a research report on Thursday, November 7th. Finally, Jefferies Financial Group boosted their price target on shares of Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $17.25.

Sportradar Group Stock Performance

The company has a market cap of $23.06 billion, a PE ratio of 103.76, a PEG ratio of 1.42 and a beta of 2.18. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The firm’s 50 day moving average is $17.96 and its 200-day moving average is $14.13.

Institutional Trading of Sportradar Group

Several large investors have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in shares of Sportradar Group in the 4th quarter valued at $44,000. Quarry LP increased its position in shares of Sportradar Group by 187.4% in the 2nd quarter. Quarry LP now owns 2,690 shares of the company’s stock valued at $30,000 after purchasing an additional 1,754 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Sportradar Group by 85.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock valued at $48,000 after purchasing an additional 1,272 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Sportradar Group during the 3rd quarter worth $41,000. Finally, Barclays PLC grew its stake 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 worth $72,000 after purchasing an additional 5,733 shares in the last quarter.

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.