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, May 19th,Zacks.com reports.
Other equities research analysts also recently issued reports about the stock. Oppenheimer raised their target price on shares of Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Benchmark restated a "buy" rating and issued a $12.00 target price on shares of Super Group in a report on Wednesday, April 16th. BTIG Research initiated coverage on Super Group in a report on Friday, March 28th. They set a "buy" rating and a $9.00 price target on the stock. Canaccord Genuity Group upped their price objective on shares of Super Group from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Finally, Needham & Company LLC increased their price objective on Super Group from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Super Group presently has a consensus rating of "Buy" and an average target price of $11.50.
Read Our Latest Stock Report on Super Group
Super Group Price Performance
Shares of NYSE SGHC traded up $0.04 during midday trading on Monday, reaching $8.41. The company's stock had a trading volume of 1,195,994 shares, compared to its average volume of 652,081. The stock has a market capitalization of $4.23 billion, a P/E ratio of 140.19 and a beta of 1.01. The firm has a 50 day moving average price of $7.60 and a 200-day moving average price of $7.10. Super Group has a 12-month low of $2.91 and a 12-month high of $9.17.
Super Group (NYSE:SGHC - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Super Group had a return on equity of 15.40% and a net margin of 2.25%. The business had revenue of $495.96 million during the quarter, compared to the consensus estimate of $423.91 million. On average, equities analysts predict that Super Group will post 0.29 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in SGHC. Pacer Advisors Inc. raised its holdings in Super Group by 56.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock worth $30,000 after acquiring an additional 1,662 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings 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 worth $98,000 after purchasing an additional 2,307 shares in the last quarter. Signaturefd LLC raised its stake in shares of Super Group by 95.9% in the first quarter. Signaturefd LLC now owns 5,439 shares of the company's stock worth $35,000 after purchasing an additional 2,662 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Super Group by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,279 shares of the company's stock worth $531,000 after purchasing an additional 2,997 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in shares of Super Group by 7.8% during the fourth quarter. Tudor Investment Corp ET AL now owns 41,773 shares of the company's stock valued at $260,000 after purchasing an additional 3,022 shares in the last quarter. Institutional investors own 5.09% of the company's stock.
Super Group Company Profile
(
Get Free Report)
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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