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

Sportradar Group AG (NASDAQ:SRAD)’s share price reached a new 52-week high on Monday . The company traded as high as $13.00 and last traded at $13.00, with a volume of 3685 shares. The stock had previously closed at $12.39.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a report on Wednesday, August 14th. JMP Securities upgraded Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a research report on Wednesday, September 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a report on Wednesday, August 14th. Benchmark boosted their price objective on Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Morgan Stanley raised their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.38.

Sportradar Group Trading Down 1.6 %

The stock has a fifty day moving average of $11.93 and a two-hundred day moving average of $11.05. The company has a market capitalization of $13.95 billion, a PE ratio of 139.46, a PEG ratio of 15.60 and a beta of 2.06. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On Sportradar Group

A number of hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in shares of Sportradar Group during the 3rd quarter valued at $264,000. nVerses Capital LLC grew its position in Sportradar Group by 45.5% during the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock worth $78,000 after acquiring an additional 2,000 shares during the last quarter. Shaker Investments LLC OH purchased a new position in Sportradar Group in the 3rd quarter worth approximately $262,000. Aurora Investment Counsel lifted its position in Sportradar Group by 10.7% in the second quarter. Aurora Investment Counsel now owns 179,838 shares of the company’s stock valued at $2,011,000 after purchasing an additional 17,322 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Sportradar Group during the second quarter valued at approximately $75,000.

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.