Sportradar Group (NASDAQ:SRAD) Sets New 52-Week High - Still a Buy?

Key Points

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Sportradar Group AG (NASDAQ:SRAD - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $31.82 and last traded at $31.05, with a volume of 30913 shares changing hands. The stock had previously closed at $31.28.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JMP Securities raised their price target on shares of Sportradar Group from $25.00 to $30.00 and gave the company a "market outperform" rating in a research report on Tuesday, July 15th. Morgan Stanley lifted their price objective on shares of Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. UBS Group lifted their price objective on shares of Sportradar Group from $29.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Arete began coverage on shares of Sportradar Group in a research report on Wednesday, July 9th. They issued a "neutral" rating and a $31.00 price objective on the stock. Finally, The Goldman Sachs Group began coverage on shares of Sportradar Group in a research report on Monday, July 21st. They issued a "neutral" rating and a $31.00 price objective on the stock. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.50.

Sportradar Group Trading Up 1.5%

The firm's 50-day moving average price is $28.57 and its 200-day moving average price is $24.60. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04. The company has a market cap of $35.20 billion, a P/E ratio of 87.86 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.13. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The company had revenue of $374.25 million for the quarter, compared to analyst estimates of $315.30 million. The company's revenue for the quarter was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Sportradar Group

Several hedge funds and other institutional investors have recently modified their holdings of SRAD. ORG Partners LLC raised its position in shares of Sportradar Group by 2,137.8% in the second quarter. ORG Partners LLC now owns 1,007 shares of the company's stock valued at $28,000 after purchasing an additional 962 shares during the period. Pacer Advisors Inc. grew its stake in Sportradar Group by 43.9% during the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock valued at $38,000 after acquiring an additional 537 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Sportradar Group by 3,058.0% during the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company's stock valued at $44,000 after acquiring an additional 1,529 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Sportradar Group by 34.5% during the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock valued at $46,000 after acquiring an additional 551 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Sportradar Group by 10,125.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company's stock valued at $46,000 after acquiring an additional 1,620 shares in the last quarter.

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.