Sportradar Group AG (NASDAQ:SRAD) Short Interest Up 29.0% in August

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

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $31.18 on Wednesday. The business’s 50 day simple moving average is $29.72 and its 200-day simple moving average is $25.39. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 86.61 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 12 month low of $11.45 and a 12 month high of $32.22.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.04 by $0.13. The business had revenue of $374.25 million for the quarter, compared to analyst estimates of $315.30 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. Sportradar Group has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Sportradar Group will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SRAD. UBS Group boosted their price target on Sportradar Group from $29.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Truist Financial lifted their price objective on Sportradar Group from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Macquarie assumed coverage on Sportradar Group in a report on Friday, June 20th. They issued an “outperform” rating and a $32.00 price objective on the stock. Zacks Research raised Sportradar Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. Finally, JMP Securities lifted their price objective on Sportradar Group from $30.00 to $36.00 and gave the company a “market outperform” rating in a report on Wednesday, September 3rd. One investment 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.88.

Institutional Investors Weigh In On Sportradar Group

Several institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Sportradar Group during the 2nd quarter worth approximately $123,087,000. Invesco Ltd. raised its position in shares of Sportradar Group by 536.7% during the 2nd quarter. Invesco Ltd. now owns 2,972,813 shares of the company’s stock worth $83,477,000 after purchasing an additional 2,505,890 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Sportradar Group during the 1st quarter worth approximately $48,596,000. Arrowstreet Capital Limited Partnership raised its position in shares of Sportradar Group by 76.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,765,953 shares of the company’s stock worth $77,668,000 after purchasing an additional 1,196,197 shares during the last quarter. Finally, Soros Fund Management LLC acquired a new position in shares of Sportradar Group during the 2nd quarter worth approximately $28,563,000.

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.