Sportradar Group AG (NASDAQ:SRAD) Short Interest Update

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 7,690,000 shares, an increase of 42.1% from the March 15th total of 5,410,000 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average daily volume of 1,130,000 shares, the days-to-cover ratio is currently 6.8 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SRAD shares. Canaccord Genuity Group lifted their price target on Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. increased their price target on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. JMP Securities reiterated a "market outperform" rating and issued a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. Morgan Stanley boosted their price target on shares of Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, April 16th. Finally, Guggenheim reissued a "buy" rating and set a $27.00 price objective on shares of Sportradar Group in a research report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.91.

Sportradar Group Price Performance

Shares of SRAD stock traded down $0.95 during mid-day trading on Monday, reaching $23.01. The company's stock had a trading volume of 1,486,175 shares, compared to its average volume of 715,811. Sportradar Group has a 1-year low of $9.17 and a 1-year high of $24.22. The company has a market cap of $25.60 billion, a P/E ratio of 115.06, a PEG ratio of 1.53 and a beta of 2.10. The firm's 50-day moving average is $21.72 and its two-hundred day moving average is $18.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.04). Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The company had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. On average, research analysts predict that Sportradar Group will post 0.15 earnings per share for the current year.

Institutional Trading of Sportradar Group

Hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp bought a new stake in Sportradar Group in the 1st quarter valued at approximately $360,000. SG Americas Securities LLC acquired a new stake in Sportradar Group in the 1st quarter valued at $1,840,000. Moody National Bank Trust Division lifted its position in Sportradar Group by 9.0% during the 1st quarter. Moody National Bank Trust Division now owns 149,217 shares of the company's stock worth $3,226,000 after buying an additional 12,291 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of Sportradar Group in the 4th quarter valued at about $1,236,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Sportradar Group in the fourth quarter valued at about $3,100,000.

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.