Wall Street Zen Upgrades Super Group (SGHC) (NYSE:SGHC) to Strong-Buy

Super Group (SGHC) (NYSE:SGHC) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Several other research analysts have also weighed in on SGHC. Craig Hallum set a $12.00 price target on Super Group (SGHC) in a research report on Monday, May 19th. Canaccord Genuity Group upped their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday. Benchmark reaffirmed a “buy” rating and issued a $12.00 price target on shares of Super Group (SGHC) in a research note on Wednesday, April 16th. Needham & Company LLC upped their target price on Super Group (SGHC) from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, BTIG Research reaffirmed a “buy” rating on shares of Super Group (SGHC) in a research report on Tuesday. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Super Group (SGHC) currently has an average rating of “Buy” and a consensus price target of $12.50.

Super Group (SGHC) Trading Down 2.3%

NYSE SGHC opened at $11.52 on Friday. Super Group has a 1 year low of $2.94 and a 1 year high of $12.18. The stock’s 50-day moving average price is $9.53 and its two-hundred day moving average price is $7.96. The company has a market cap of $5.80 billion, a PE ratio of 42.67 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Super Group (SGHC) had a net margin of 7.02% and a return on equity of 33.88%. The business had revenue of $495.96 million for the quarter, compared to analyst estimates of $423.91 million. Research analysts forecast that Super Group will post 0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP grew its stake in Super Group (SGHC) by 364.3% in the 1st quarter. Quarry LP now owns 3,988 shares of the company’s stock valued at $26,000 after buying an additional 3,129 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Super Group (SGHC) by 4,606.6% in the first quarter. GAMMA Investing LLC now owns 4,283 shares of the company’s stock valued at $28,000 after purchasing an additional 4,192 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Super Group (SGHC) by 56.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company’s stock valued at $30,000 after buying an additional 1,662 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in Super Group (SGHC) in the 4th quarter valued at approximately $30,000. Finally, Signaturefd LLC grew its holdings in Super Group (SGHC) by 95.9% in the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company’s stock valued at $35,000 after buying an additional 2,662 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

About Super Group (SGHC)

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. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.