Sportradar Group (NASDAQ:SRAD) Reaches New 12-Month High - What's Next?

Sportradar Group AG (NASDAQ:SRAD - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as $26.08 and last traded at $25.96, with a volume of 400867 shares changing hands. The stock had previously closed at $25.20.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SRAD. Jefferies Financial Group boosted their target price on Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. lifted their price objective on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Guggenheim reaffirmed a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a report on Thursday, April 3rd. UBS Group lifted their target price on Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Finally, Benchmark boosted their price objective on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Sportradar Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.38.

Sportradar Group Trading Up 3.1%

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.35 and a current ratio of 1.35. The business's 50 day moving average price is $23.71 and its 200-day moving average price is $21.32. The company has a market cap of $28.92 billion, a price-to-earnings ratio of 137.76 and a beta of 2.04.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. The firm's quarterly revenue was up 17.0% on a year-over-year basis. On average, research analysts forecast that Sportradar Group AG will post 0.15 EPS for the current year.

Institutional Trading of Sportradar Group

Large investors have recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D bought a new position in Sportradar Group in the 4th quarter valued at $406,000. New York State Common Retirement Fund acquired a new position in Sportradar Group during the 4th quarter worth about $12,887,000. Lingotto Investment Management LLP bought a new stake in Sportradar Group during the 4th quarter worth about $2,630,000. US Bancorp DE acquired a new stake in Sportradar Group in the 4th quarter valued at about $39,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Sportradar Group during the fourth quarter valued at approximately $28,000.

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.

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