Sportradar Group (NASDAQ:SRAD) Hits New 52-Week High on Analyst Upgrade

Sportradar Group AG (NASDAQ:SRAD) shares hit a new 52-week high on Thursday after Citigroup raised their price target on the stock from $25.00 to $27.00. Citigroup currently has a buy rating on the stock. Sportradar Group traded as high as $22.98 and last traded at $22.06, with a volume of 10229 shares trading hands. The stock had previously closed at $22.80.

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Sportradar Group from $20.00 to $26.00 and gave the company an “overweight” rating in a research report on Thursday. Canaccord Genuity Group upped their target price on shares of Sportradar Group from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday. Benchmark upped their target price on shares of Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday. Guggenheim began coverage on shares of Sportradar Group in a report on Wednesday, February 26th. They issued a “buy” rating and a $27.00 target price for the company. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sportradar Group has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

Institutional Trading of Sportradar Group

Several hedge funds have recently made changes to their positions in SRAD. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sportradar Group during the 3rd quarter valued at about $406,000. Quantbot Technologies LP purchased a new stake in shares of Sportradar Group during the 3rd quarter valued at about $139,000. Millrace Asset Group Inc. purchased a new stake in shares of Sportradar Group during the 3rd quarter valued at about $1,278,000. Walleye Capital LLC purchased a new stake in shares of Sportradar Group during the 3rd quarter valued at about $651,000. Finally, Walleye Trading LLC purchased a new stake in shares of Sportradar Group during the 3rd quarter valued at about $157,000.

Sportradar Group Price Performance

The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $24.81 billion, a PE ratio of 111.61, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. The stock’s 50-day moving average is $21.01 and its two-hundred day moving average is $16.92.

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.