Sportradar Group AG (NASDAQ:SRAD) Sees Significant Growth in Short Interest

Sportradar Group AG (NASDAQ:SRAD) was the target of a significant 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 volume of 1,130,000 shares, the days-to-cover ratio is presently 6.8 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SRAD shares. Guggenheim reaffirmed a “buy” rating and set a $27.00 price target on shares of Sportradar Group in a research note on Thursday, April 3rd. UBS Group increased their price target on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, April 8th. Benchmark lifted their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on Sportradar Group from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Finally, JMP Securities reissued a “market outperform” rating and set a $19.00 price objective on shares of Sportradar Group in a report on Monday, January 27th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.91.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD traded up $0.10 during trading on Friday, reaching $23.96. The stock had a trading volume of 791,005 shares, compared to its average volume of 709,599. The business’s 50-day moving average price is $21.66 and its 200 day moving average price is $18.36. Sportradar Group has a 52 week low of $9.17 and a 52 week high of $24.15. The stock has a market capitalization of $26.66 billion, a PE ratio of 119.81, a P/E/G ratio of 1.53 and a beta of 2.10. 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) last posted its earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.04). The company had revenue of $307.00 million for the quarter, compared to analyst estimates 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 analysts predict that Sportradar Group will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On Sportradar Group

Hedge funds have recently made changes to their positions in the business. National Bank of Canada FI boosted its stake in shares of Sportradar Group by 1,366.4% during the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock worth $27,000 after buying an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Sportradar Group in the fourth quarter valued at approximately $28,000. US Bancorp DE acquired a new position in shares of Sportradar Group during the 4th quarter worth approximately $39,000. Loomis Sayles & Co. L P bought a new stake in shares of Sportradar Group during the 4th quarter worth approximately $43,000. Finally, R Squared Ltd acquired a new stake in shares of Sportradar Group in the 4th quarter valued at approximately $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.