Sportradar Group (NASDAQ:SRAD) Sees Strong Trading Volume - Should You Buy?

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 1,707,122 shares changed hands during trading, an increase of 56% from the previous session's volume of 1,095,519 shares.The stock last traded at $27.85 and had previously closed at $27.69.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SRAD. Citigroup lifted their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Canaccord Genuity Group raised their price target on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. BTIG Research began coverage on shares of Sportradar Group in a research note on Friday, April 11th. They issued a "buy" rating and a $28.00 price target for the company. Jefferies Financial Group increased their price objective on Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Sportradar Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.14.

Sportradar Group Price Performance

The stock has a fifty day simple moving average of $24.47 and a 200-day simple moving average of $22.00. The company has a market capitalization of $31.36 billion, a PE ratio of 148.32 and a beta of 2.07. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $336.71 million during the quarter, compared to analysts' expectations of $318.81 million. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. The business's revenue was up 17.0% on a year-over-year basis. Equities analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On Sportradar Group

Several hedge funds have recently made changes to their positions in the company. National Bank of Canada FI increased its stake in Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after purchasing an additional 1,462 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Sportradar Group in the 4th quarter valued at about $28,000. Pacer Advisors Inc. lifted its stake in shares of Sportradar Group by 43.9% in the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock valued at $38,000 after purchasing an additional 537 shares during the period. US Bancorp DE purchased a new stake in Sportradar Group during the fourth quarter worth about $39,000. Finally, Loomis Sayles & Co. L P purchased a new stake in Sportradar Group during the fourth quarter worth about $43,000.

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.