Sportradar Group (NASDAQ:SRAD) Sets New 12-Month High - Time to Buy?

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $28.47 and last traded at $28.32, with a volume of 171641 shares traded. The stock had previously closed at $28.05.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Canaccord Genuity Group increased their price target on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Truist Financial assumed coverage on Sportradar Group in a research report on Tuesday. They set a "buy" rating and a $33.00 target price for the company. Citigroup upped their price target on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Jefferies Financial Group lifted their price objective on Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Finally, Bank of America upgraded shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 target price on the stock in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $27.79.

Sportradar Group Trading Down 0.9%

The company has a market capitalization of $30.96 billion, a P/E ratio of 146.42 and a beta of 2.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.35 and a quick ratio of 1.35. The business's 50-day moving average price is $24.20 and its two-hundred day moving average price is $21.84.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. The business had revenue of $336.71 million for the quarter, compared to the consensus estimate of $318.81 million. The company's revenue was up 17.0% compared to the same quarter last year. As a group, analysts forecast that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently bought and sold shares of SRAD. Pacer Advisors Inc. lifted its stake in Sportradar Group by 43.9% in the 1st 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 last quarter. SBI Securities Co. Ltd. raised its position in shares of 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 buying an additional 551 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of 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 buying an additional 691 shares in the last quarter. LPL Financial LLC boosted its stake in shares of 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 buying an additional 1,287 shares during the period. Finally, XTX Topco Ltd grew its position in Sportradar Group by 5.8% during the fourth quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock worth $444,000 after buying an additional 1,414 shares in 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.