Short Interest in Sportradar Group AG (NASDAQ:SRAD) Grows By 42.1%

Sportradar Group AG (NASDAQ:SRAD) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 7,690,000 shares, a growth of 42.1% from the March 15th total of 5,410,000 shares. Currently, 4.6% of the company’s stock are sold short. Based on an average daily trading volume, of 1,130,000 shares, the days-to-cover ratio is presently 6.8 days.

Wall Street Analyst Weigh In

SRAD has been the subject of a number of analyst reports. Needham & Company LLC restated a “buy” rating and set a $27.00 target price on shares of Sportradar Group in a report on Wednesday, April 2nd. Morgan Stanley raised their price target on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday. BTIG Research began coverage on shares of Sportradar Group in a report on Friday, April 11th. They issued a “buy” rating and a $28.00 price objective for the company. Benchmark upped their price target on Sportradar Group from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JMP Securities reiterated a “market outperform” rating and set a $19.00 price objective on shares of Sportradar Group in a research report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.91.

Institutional Investors Weigh In On Sportradar Group

Several hedge funds have recently made changes to their positions in the business. Sei Investments Co. acquired a new position in shares of Sportradar Group in the fourth quarter valued at approximately $3,626,000. JPMorgan Chase & Co. boosted its holdings in Sportradar Group by 120.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock valued at $639,000 after purchasing an additional 28,878 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Sportradar Group during the 3rd quarter worth approximately $479,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Sportradar Group in the 4th quarter valued at approximately $199,000. Finally, Moody National Bank Trust Division boosted its stake in shares of Sportradar Group by 80.6% in the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock valued at $2,374,000 after buying an additional 61,105 shares in the last quarter.

Sportradar Group Trading Up 0.4 %

SRAD opened at $23.96 on Friday. Sportradar Group has a one year low of $9.17 and a one year high of $24.15. The company has a market cap of $26.66 billion, a P/E ratio of 119.81, a PEG ratio of 1.53 and a beta of 2.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The business’s 50-day simple moving average is $21.72 and its 200-day simple moving average is $18.48.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). The firm had revenue of $307.00 million for the quarter, compared to analysts’ expectations of $294.60 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. As a group, equities research analysts expect that Sportradar Group will post 0.15 EPS for the current fiscal year.

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.