Sportradar Group (NASDAQ:SRAD) Sees Unusually-High Trading Volume - Time to Buy?

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) shares saw strong trading volume on Wednesday . 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.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Guggenheim reiterated a "buy" rating and set a $27.00 target price on shares of Sportradar Group in a report on Thursday, April 3rd. Morgan Stanley increased their target price on Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, April 16th. BTIG Research assumed coverage on Sportradar Group in a report on Friday, April 11th. They set a "buy" rating and a $28.00 target price on the stock. Benchmark increased their target price on Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Finally, Jefferies Financial Group increased their target price on Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $28.14.

Sportradar Group Trading Up 1.3%

The company has a market cap of $31.36 billion, a PE ratio of 148.32 and a beta of 2.07. The business has a 50 day simple moving average of $24.58 and a two-hundred day simple moving average of $22.07. 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 issued 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 business 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 revenue for the quarter was up 17.0% compared to the same quarter last year. On average, analysts forecast that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in shares of Sportradar Group by 43.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock worth $38,000 after buying an additional 537 shares during the period. SBI Securities Co. Ltd. raised its position in Sportradar Group by 34.5% in the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock valued at $46,000 after purchasing an additional 551 shares during the period. Silvercrest Asset Management Group LLC raised its position in Sportradar Group by 1.6% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock valued at $755,000 after purchasing an additional 691 shares during the period. LPL Financial LLC raised its position in Sportradar Group by 3.7% in the fourth quarter. LPL Financial LLC now owns 35,663 shares of the company's stock valued at $618,000 after purchasing an additional 1,287 shares during the period. Finally, XTX Topco Ltd raised its position in Sportradar Group by 5.8% in the fourth quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock valued at $444,000 after purchasing an additional 1,414 shares during the period.

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.