Sportradar Group (NASDAQ:SRAD) Sets New 12-Month High - Here's Why

Sportradar Group AG (NASDAQ:SRAD - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $23.67 and last traded at $23.15, with a volume of 77449 shares changing hands. The stock had previously closed at $22.57.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SRAD. Needham & Company LLC reiterated a "buy" rating and set a $27.00 price objective on shares of Sportradar Group in a report on Wednesday, April 2nd. JMP Securities reaffirmed a "market outperform" rating and issued a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Jefferies Financial Group lifted their target price on Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Finally, Guggenheim reiterated a "buy" rating and set a $27.00 target price on shares of Sportradar Group in a report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $26.91.

Sportradar Group Stock Performance

The stock has a market capitalization of $26.66 billion, a P/E ratio of 119.81, a PEG ratio of 1.53 and a beta of 2.10. The stock's 50-day simple moving average is $21.66 and its 200 day simple moving average is $18.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced 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). The company had revenue of $307.00 million during the quarter, compared to analyst estimates of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Research analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI grew its stake in shares of 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 acquiring an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Sportradar Group during the fourth quarter valued at approximately $28,000. US Bancorp DE acquired a new stake in shares of Sportradar Group in the 4th quarter valued at $39,000. Loomis Sayles & Co. L P acquired a new stake in shares of Sportradar Group in the 4th quarter valued at $43,000. Finally, R Squared Ltd bought a new position in shares of Sportradar Group in the 4th quarter valued at $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.