Sportradar Group AG (NASDAQ:SRAD) Sees Large Increase in Short Interest

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 8,000,000 shares, an increase of 29.0% from the July 31st total of 6,200,000 shares. Currently, 4.3% of the company's stock are short sold. Based on an average daily trading volume, of 1,920,000 shares, the short-interest ratio is currently 4.2 days. Based on an average daily trading volume, of 1,920,000 shares, the short-interest ratio is currently 4.2 days. Currently, 4.3% of the company's stock are short sold.

Sportradar Group Stock Performance

SRAD stock traded up $0.33 during trading on Friday, hitting $30.33. 914,087 shares of the company traded hands, compared to its average volume of 1,427,843. The stock's 50-day simple moving average is $29.86 and its 200 day simple moving average is $25.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $9.08 billion, a PE ratio of 84.25 and a beta of 2.07. Sportradar Group has a 1 year low of $11.56 and a 1 year high of $32.22.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.13. The company had revenue of $374.25 million during the quarter, compared to analysts' expectations of $315.30 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The firm's quarterly revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. On average, equities analysts expect that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SRAD. JMP Securities raised their price target on Sportradar Group from $30.00 to $36.00 and gave the company a "market outperform" rating in a research note on Wednesday, September 3rd. Jefferies Financial Group lifted their target price on Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. The Goldman Sachs Group initiated coverage on Sportradar Group in a research note on Monday, July 21st. They issued a "neutral" rating and a $31.00 target price on the stock. Needham & Company LLC lifted their target price on Sportradar Group from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, UBS Group lifted their target price on Sportradar Group from $29.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $31.41.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its position in Sportradar Group by 74.2% during the second quarter. Osaic Holdings Inc. now owns 257,745 shares of the company's stock valued at $7,237,000 after acquiring an additional 109,790 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in shares of Sportradar Group by 12.1% in the second quarter. Orion Porfolio Solutions LLC now owns 12,107 shares of the company's stock valued at $340,000 after buying an additional 1,308 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Sportradar Group by 2.7% in the second quarter. Squarepoint Ops LLC now owns 40,838 shares of the company's stock valued at $1,147,000 after buying an additional 1,083 shares in the last quarter. State of Wyoming increased its position in shares of Sportradar Group by 30.0% in the second quarter. State of Wyoming now owns 22,126 shares of the company's stock valued at $621,000 after buying an additional 5,102 shares in the last quarter. Finally, Castleark Management LLC increased its position in shares of Sportradar Group by 26.9% during the second quarter. Castleark Management LLC now owns 326,409 shares of the company's stock worth $9,166,000 after purchasing an additional 69,150 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.