Sportradar Group (NASDAQ:SRAD) Reaches New 12-Month High - Still a Buy?

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) 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 trading hands. The stock had previously closed at $22.86.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SRAD. BTIG Research assumed coverage on shares of Sportradar Group in a research note on Friday, April 11th. They issued a "buy" rating and a $28.00 price objective on the stock. Canaccord Genuity Group lifted their target price on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. 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. Citigroup lifted their price objective on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Finally, UBS Group raised their price target on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Sportradar Group Stock Up 1.0 %

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 cap of $26.37 billion, a price-to-earnings ratio of 118.51, a P/E/G ratio of 1.53 and a beta of 2.10. The stock's 50-day moving average is $21.97 and its 200-day moving average is $19.25.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its 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). Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The firm had revenue of $307.00 million during the quarter, compared to analyst estimates of $294.60 million. On average, analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sportradar Group

A number of large investors have recently modified their holdings of the company. National Bank of Canada FI raised its holdings in 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 worth $27,000 after buying an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Sportradar Group during the fourth quarter worth about $28,000. US Bancorp DE acquired a new stake in shares of Sportradar Group in the 4th quarter worth about $39,000. Loomis Sayles & Co. L P bought a new position in Sportradar Group in the 4th quarter valued at about $43,000. Finally, R Squared Ltd acquired a new position in Sportradar Group during the 4th quarter valued at about $44,000.

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.