Sportradar Group (NASDAQ:SRAD) Sets New 1-Year High - Here's What Happened

Sportradar Group AG (NASDAQ:SRAD - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $23.16 and last traded at $23.11, with a volume of 2006183 shares traded. The stock had previously closed at $22.86.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Bank of America upgraded shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 target price for the company in a report on Tuesday, April 22nd. Jefferies Financial Group increased their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. UBS Group boosted their price objective on shares of Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. Finally, Morgan Stanley increased their target price on Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 16th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Sportradar Group Price Performance

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 business's 50-day moving average price is $22.01 and its two-hundred day moving average price is $19.37. The firm has a market cap of $25.30 billion, a price-to-earnings ratio of 114.53, a P/E/G ratio of 1.53 and a beta of 2.08.

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

Hedge Funds Weigh In On Sportradar Group

Several large investors have recently added to or reduced their stakes in the company. Sei Investments Co. bought a new position in shares of Sportradar Group in the 4th quarter worth about $3,626,000. JPMorgan Chase & Co. boosted its holdings in shares of Sportradar Group by 120.8% during the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock valued at $639,000 after acquiring an additional 28,878 shares during the period. Jane Street Group LLC bought a new position in shares of Sportradar Group during the third quarter worth about $479,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $199,000. Finally, Moody National Bank Trust Division raised its holdings in shares of Sportradar Group by 80.6% during the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock valued at $2,374,000 after buying an additional 61,105 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.