Sportradar Group (NASDAQ:SRAD) Hits New 12-Month High - Time to Buy?

Sportradar Group AG (NASDAQ:SRAD - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as $25.85 and last traded at $25.04, with a volume of 2644201 shares trading hands. The stock had previously closed at $23.01.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. UBS Group boosted their price objective on Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. Citigroup increased their price objective on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised their price objective on Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Benchmark upped their target price on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Sportradar Group has an average rating of "Moderate Buy" and an average target price of $27.00.

Sportradar Group Stock Down 1.0 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $24.72 billion, a PE ratio of 111.22, a P/E/G ratio of 1.53 and a beta of 2.10. The business's 50 day simple moving average is $21.82 and its 200 day simple moving average is $18.92.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.04). The firm had revenue of $307.00 million for the quarter, compared to analysts' expectations of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. As a group, analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Sportradar Group

Several institutional investors and hedge funds have recently bought and sold shares of SRAD. National Bank of Canada FI increased its position in shares of Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after acquiring an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Sportradar Group in the 4th quarter valued at approximately $28,000. US Bancorp DE purchased a new stake in Sportradar Group in the fourth quarter valued at approximately $39,000. Loomis Sayles & Co. L P acquired a new position in Sportradar Group during the fourth quarter worth $43,000. Finally, R Squared Ltd purchased a new position in shares of Sportradar Group during the fourth quarter worth $44,000.

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.