BTIG Research Reiterates “Buy” Rating for Super Group (SGHC) (NYSE:SGHC)

Super Group (SGHC) (NYSE:SGHC)‘s stock had its “buy” rating reaffirmed by stock analysts at BTIG Research in a report issued on Friday,Benzinga reports. They presently have a $19.00 price target on the stock. BTIG Research’s price objective suggests a potential upside of 100.74% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on SGHC. Benchmark dropped their price target on shares of Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Needham & Company LLC lifted their target price on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen lowered Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Macquarie restated an “outperform” rating and set a $19.00 price target on shares of Super Group (SGHC) in a research note on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $16.78.

Super Group (SGHC) Price Performance

SGHC stock opened at $9.47 on Friday. Super Group has a 52-week low of $5.59 and a 52-week high of $14.38. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 22.01 and a beta of 1.08. The business has a fifty day moving average of $10.99 and a two-hundred day moving average of $11.68.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. The business had revenue of $557.00 million for the quarter, compared to analyst estimates of $436.19 million. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%. As a group, research analysts anticipate that Super Group will post 0.29 earnings per share for the current year.

Hedge Funds Weigh In On Super Group (SGHC)

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its stake in shares of Super Group (SGHC) by 132.1% during the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after buying an additional 1,396 shares during the period. SBI Securities Co. Ltd. grew its holdings in Super Group (SGHC) by 67,900.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after acquiring an additional 2,716 shares in the last quarter. Greenwich Wealth Management LLC purchased a new stake in shares of Super Group (SGHC) in the 2nd quarter valued at approximately $112,000. Scotia Capital Inc. purchased a new position in Super Group (SGHC) in the second quarter valued at $113,000. Finally, Pacer Advisors Inc. raised its stake in Super Group (SGHC) by 78.9% in the third quarter. Pacer Advisors Inc. now owns 10,352 shares of the company’s stock valued at $137,000 after buying an additional 4,567 shares in the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Company Profile

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.