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

Sportradar Group AG (NASDAQ:SRAD) reached a new 52-week high during trading on Monday . The company traded as high as $17.95 and last traded at $17.95, with a volume of 154205 shares changing hands. The stock had previously closed at $17.73.

Analyst Ratings Changes

SRAD has been the subject of several research reports. Morgan Stanley upped their price target 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. JMP Securities raised Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a research report on Wednesday, September 4th. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research report on Wednesday, August 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a research report on Thursday, November 7th. Finally, Jefferies Financial Group upgraded shares of Sportradar Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $16.00 in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Sportradar Group currently has an average rating of “Moderate Buy” and an average target price of $16.00.

Sportradar Group Stock Performance

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 $19.04 billion, a PE ratio of 86.30, a PEG ratio of 2.16 and a beta of 2.05. The business has a 50 day simple moving average of $13.61 and a 200 day simple moving average of $11.95.

Institutional Trading of Sportradar Group

Institutional investors have recently bought and sold shares of the stock. Barclays PLC raised its holdings in shares of Sportradar Group by 3,098.9% in the third quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after buying an additional 5,733 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Sportradar Group in the 3rd quarter valued at $293,000. Jane Street Group LLC purchased a new position in Sportradar Group in the 3rd quarter worth $479,000. Quarry LP lifted its position in Sportradar Group by 264.0% during the 3rd quarter. Quarry LP now owns 9,792 shares of the company’s stock worth $119,000 after acquiring an additional 7,102 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in Sportradar Group by 1,340.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 96,500 shares of the company’s stock valued at $1,169,000 after purchasing an additional 89,800 shares during 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.