Super Group (SGHC) (NYSE:SGHC) Now Covered by Macquarie

Key Points

• Macquarie has initiated coverage on Super Group (SGHC) with an "outperform" rating and a target price of $17.00, indicating a potential upside of 31.53% from its previous close.
• The stock has seen a number of recent upgrades and downgrades, with the consensus price target currently at $14.22, reflecting a generally positive outlook among analysts.
• Super Group (SGHC) reported earnings of $0.11 per share, missing expectations, but it exceeded revenue projections with $579 million in quarterly revenue.

Analysts at Macquarie initiated coverage on shares of Super Group (SGHC) (NYSE:SGHC - Get Free Report) in a report issued on Monday, Marketbeat reports. The brokerage set an "outperform" rating and a $17.00 price target on the stock. Macquarie's price target suggests a potential upside of 44.44% from the company's current price.

Several other brokerages have also issued reports on SGHC. Canaccord Genuity Group raised their price objective on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. JMP Securities started coverage on Super Group (SGHC) in a research note on Monday, July 14th. They set a "market outperform" rating and a $15.00 price target on the stock. Citizens Jmp began coverage on Super Group (SGHC) in a research note on Monday, July 14th. They set a "strong-buy" rating and a $15.00 price target on the stock. Citigroup began coverage on shares of Super Group (SGHC) in a research report on Monday, July 14th. They set an "outperform" rating on the stock. Finally, Craig Hallum set a $12.00 target price on shares of Super Group (SGHC) in a research report on Monday, May 19th. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to MarketBeat, Super Group (SGHC) currently has a consensus rating of "Buy" and an average price target of $15.30.

Super Group (SGHC) Stock Up 0.7%

Super Group (SGHC) stock traded up $0.08 during mid-day trading on Monday, hitting $11.77. The company had a trading volume of 4,970,842 shares, compared to its average volume of 1,452,544. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 45.27 and a beta of 1.09. Super Group has a 1 year low of $3.44 and a 1 year high of $13.71. The business has a fifty day moving average of $11.63 and a 200 day moving average of $9.47.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The company had revenue of $579.00 million during the quarter, compared to analysts' expectations of $503.00 million. Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. Equities analysts anticipate that Super Group will post 0.29 earnings per share for the current year.

Hedge Funds Weigh In On Super Group (SGHC)

Several institutional investors and hedge funds have recently modified their holdings of SGHC. Quarry LP lifted its stake in shares of Super Group (SGHC) by 364.3% during the 1st quarter. Quarry LP now owns 3,988 shares of the company's stock worth $26,000 after purchasing an additional 3,129 shares during the period. Nisa Investment Advisors LLC raised its holdings in Super Group (SGHC) by 132.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company's stock valued at $27,000 after buying an additional 1,396 shares during the period. GAMMA Investing LLC raised its position in 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 period. Pacer Advisors Inc. lifted its position in shares of Super Group (SGHC) by 56.6% during the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock worth $30,000 after purchasing an additional 1,662 shares in the last quarter. Finally, Signaturefd LLC lifted 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 worth $35,000 after buying an additional 2,662 shares in the last quarter. Hedge funds and other institutional investors 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.