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

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totaling 8,000,000 shares, agrowthof29.0% from the July 31st total of 6,200,000 shares. Based on an average trading volume of 1,920,000 shares, the days-to-cover ratio is presently 4.2 days. Currently,4.3% of the company's stock are short sold. Currently,4.3% of the company's stock are short sold. Based on an average trading volume of 1,920,000 shares, the days-to-cover ratio is presently 4.2 days.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Arete assumed coverage on Sportradar Group in a report on Wednesday, July 9th. They issued a "neutral" rating and a $31.00 target price on the stock. The Goldman Sachs Group assumed coverage on Sportradar Group in a report on Monday, July 21st. They issued a "neutral" rating and a $31.00 target price on the stock. Needham & Company LLC boosted their target price on Sportradar Group from $28.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Truist Financial boosted their target price on Sportradar Group from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Arete Research raised Sportradar Group to a "hold" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Sportradar Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.88.

Sportradar Group Trading Up 0.4%

Shares of NASDAQ:SRAD opened at $30.99 on Tuesday. The company has a market cap of $9.28 billion, a P/E ratio of 86.08 and a beta of 2.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 1.31. Sportradar Group has a 1 year low of $11.45 and a 1 year high of $32.22. The stock's fifty day moving average price is $29.65 and its 200-day moving average price is $25.34.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.13. The firm had revenue of $374.25 million for the quarter, compared to the consensus estimate of $315.30 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The firm's revenue was up 14.1% on a year-over-year basis. Sportradar Group has set its FY 2025 guidance at EPS. Sell-side analysts expect that Sportradar Group will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SRAD. Massachusetts Financial Services Co. MA bought a new position in Sportradar Group in the second quarter valued at about $123,087,000. Invesco Ltd. lifted its holdings in Sportradar Group by 536.7% in the second quarter. Invesco Ltd. now owns 2,972,813 shares of the company's stock valued at $83,477,000 after acquiring an additional 2,505,890 shares during the period. Driehaus Capital Management LLC bought a new position in Sportradar Group in the first quarter valued at about $48,596,000. Arrowstreet Capital Limited Partnership lifted its holdings in Sportradar Group by 76.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,765,953 shares of the company's stock valued at $77,668,000 after acquiring an additional 1,196,197 shares during the period. Finally, Soros Fund Management LLC bought a new position in Sportradar Group in the second quarter valued at about $28,563,000.

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.

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