Super Group Limited (NYSE:SGHC) Receives Average Rating of "Buy" from Analysts

Super Group Limited (NYSE:SGHC - Get Free Report) has received an average rating of "Buy" from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $11.83.

SGHC has been the topic of several recent analyst reports. BTIG Research boosted their price objective on Super Group from $9.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday. Craig Hallum set a $12.00 target price on Super Group in a report on Monday, May 19th. Needham & Company LLC upped their target price on Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Benchmark reiterated a "buy" rating and issued a $12.00 target price on shares of Super Group in a report on Wednesday, April 16th. Finally, Canaccord Genuity Group upped their target price on Super Group from $12.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th.

Super Group Price Performance

NYSE SGHC traded down $0.13 on Friday, hitting $9.49. 1,106,545 shares of the company were exchanged, compared to its average volume of 699,251. The company's 50 day moving average price is $8.29 and its 200-day moving average price is $7.42. The firm has a market capitalization of $4.78 billion, a P/E ratio of 158.18 and a beta of 1.01. Super Group has a twelve month low of $2.91 and a twelve month high of $9.62.

Super Group (NYSE:SGHC - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $495.96 million for the quarter, compared to the consensus estimate of $423.91 million. Super Group had a return on equity of 15.40% and a net margin of 2.25%. As a group, equities analysts expect that Super Group will post 0.29 EPS for the current year.

Hedge Funds Weigh In On Super Group

A number of large investors have recently made changes to their positions in the business. Pacer Advisors Inc. grew its stake in shares of Super Group 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 in the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Super Group by 17.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,676 shares of the company's stock valued at $98,000 after buying an additional 2,307 shares in the last quarter. Signaturefd LLC grew its stake in shares of Super Group 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Super Group by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,279 shares of the company's stock valued at $531,000 after buying an additional 2,997 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its stake in shares of Super Group by 7.8% in the 4th quarter. Tudor Investment Corp ET AL now owns 41,773 shares of the company's stock valued at $260,000 after buying an additional 3,022 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.

About Super Group

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.