Super Group (NYSE:SGHC) Rating Increased to Strong-Buy at Craig Hallum

Super Group (NYSE:SGHC - Get Free Report) was upgraded by investment analysts at Craig Hallum to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports.

SGHC has been the subject of a number of other research reports. Canaccord Genuity Group lifted their target price on shares of Super Group from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Oppenheimer raised their price target on shares of Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Benchmark reissued a "buy" rating and set a $12.00 target price on shares of Super Group in a research report on Wednesday, April 16th. Needham & Company LLC boosted their target price on shares of Super Group from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, BTIG Research assumed coverage on shares of Super Group in a report on Friday, March 28th. They set a "buy" rating and a $9.00 price objective on the stock. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $11.40.

Super Group Stock Performance

Shares of NYSE:SGHC traded down $0.02 during trading hours on Monday, hitting $8.42. The stock had a trading volume of 37,918 shares, compared to its average volume of 654,038. The stock's fifty day simple moving average is $7.50 and its 200 day simple moving average is $7.00. Super Group has a 1-year low of $2.91 and a 1-year high of $9.17. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 140.11 and a beta of 1.01.

Super Group (NYSE:SGHC - Get Free Report) last posted its quarterly earnings results 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 analyst estimates of $423.91 million. Super Group had a net margin of 2.25% and a return on equity of 15.40%. As a group, research analysts anticipate that Super Group will post 0.29 EPS for the current year.

Institutional Investors Weigh In On Super Group

Several hedge funds have recently bought and sold shares of SGHC. Jane Street Group LLC bought a new stake in shares of Super Group during the first quarter worth $1,523,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Super Group during the first quarter worth $483,000. Petrus Trust Company LTA bought a new stake in shares of Super Group during the first quarter worth $230,000. PharVision Advisers LLC bought a new stake in shares of Super Group during the first quarter worth $71,000. Finally, Millennium Management LLC grew its position in Super Group by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock valued at $17,628,000 after purchasing an additional 1,532,666 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors and hedge funds.

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.

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