Short Interest in Sportradar Group AG (NASDAQ:SRAD) Declines By 40.4%

Sportradar Group AG (NASDAQ:SRAD) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 7,145,487 shares, a decrease of 40.4% from the April 15th total of 11,982,736 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 7,839,834 shares, the short-interest ratio is presently 0.9 days.

Sportradar Group Stock Up 4.3%

Shares of SRAD stock traded up $0.54 during trading hours on Monday, hitting $13.03. 1,389,121 shares of the company were exchanged, compared to its average volume of 3,311,658. The company has a market capitalization of $3.90 billion, a PE ratio of 54.27 and a beta of 1.65. Sportradar Group has a 52 week low of $11.66 and a 52 week high of $32.22. The business has a 50 day moving average of $16.19 and a two-hundred day moving average of $19.27. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.The company had revenue of $401.11 million for the quarter, compared to analyst estimates of $417.86 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. Sportradar Group’s revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts anticipate that Sportradar Group will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Sportradar Group

In other news, Director Rajani Ramanathan bought 8,003 shares of the stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of $12.49 per share, for a total transaction of $99,957.47. Following the completion of the purchase, the director directly owned 38,947 shares of the company’s stock, valued at $486,448.03. This trade represents a 25.86% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Deirdre Mary Bigley purchased 3,940 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $12.57 per share, with a total value of $49,525.80. Following the completion of the purchase, the director directly owned 13,897 shares in the company, valued at approximately $174,685.29. This represents a 39.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 357,893 shares of company stock worth $4,668,220.

Institutional Investors Weigh In On Sportradar Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. increased its holdings in Sportradar Group by 19.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,080,674 shares of the company’s stock worth $287,158,000 after purchasing an additional 1,929,037 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Sportradar Group by 39.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,104,947 shares of the company’s stock worth $164,223,000 after buying an additional 1,721,495 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Sportradar Group by 14.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,175,498 shares of the company’s stock valued at $85,421,000 after acquiring an additional 409,545 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Sportradar Group during the 4th quarter valued at $75,117,000. Finally, Stephens Investment Management Group LLC lifted its position in shares of Sportradar Group by 40.7% during the 1st quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company’s stock valued at $52,167,000 after acquiring an additional 901,619 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SRAD. Needham & Company LLC cut their price target on shares of Sportradar Group from $27.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Guggenheim reduced their target price on shares of Sportradar Group from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Morgan Stanley boosted their target price on shares of Sportradar Group from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Wells Fargo & Company dropped their target price on shares of Sportradar Group from $24.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group cut their target price on shares of Sportradar Group from $35.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Sportradar Group has an average rating of “Moderate Buy” and an average target price of $24.94.

Sportradar Group Company Profile

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.