Super Group (NYSE:SGHC) Announces Earnings Results

Super Group (NYSE:SGHCGet Rating) issued its quarterly earnings data on Wednesday. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.42), MarketWatch Earnings reports. The firm had revenue of $334.50 million during the quarter, compared to analysts’ expectations of $336.69 million. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year.

Super Group stock traded down $1.42 during mid-day trading on Wednesday, reaching $6.70. 20,574 shares of the stock traded hands, compared to its average volume of 319,186. Super Group has a 12-month low of $6.82 and a 12-month high of $11.09. The firm’s 50-day simple moving average is $9.45.

A number of brokerages have recently weighed in on SGHC. Needham & Company LLC lifted their price objective on Super Group from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Monday, March 28th. Benchmark cut their price objective on Super Group from $16.00 to $14.00 in a research report on Thursday, April 14th. Zacks Investment Research lowered Super Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Canaccord Genuity Group started coverage on Super Group in a research report on Friday, April 22nd. They set a “buy” rating and a $14.00 price target on the stock. Finally, Oppenheimer started coverage on Super Group in a research report on Monday, March 7th. They set an “outperform” rating and a $11.00 price target on the stock. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, Super Group has a consensus rating of “Buy” and an average target price of $13.00.

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. bought a new position in Super Group during the first quarter valued at approximately $433,000. Toroso Investments LLC purchased a new stake in shares of Super Group in the first quarter worth approximately $175,000. Neuberger Berman Group LLC purchased a new stake in shares of Super Group in the first quarter worth approximately $137,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of Super Group in the first quarter worth approximately $60,000. 4.48% of the stock is owned by institutional investors and hedge funds.

About Super Group (Get Rating)

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. The company is based in Saint Peter Port, Guernsey.

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