Super Group (SGHC) (NYSE:SGHC) Coverage Initiated by Analysts at 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.

Investment analysts at Macquarie initiated coverage on shares of Super Group (SGHC) (NYSE:SGHC - Get Free Report) in a report issued on Monday,Briefing.com Automated Import reports. The firm set an "outperform" rating and a $17.00 price target on the stock. Macquarie's target price would suggest a potential upside of 31.53% from the stock's previous close.

SGHC has been the topic of several other research reports. Canaccord Genuity Group boosted their price target on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Needham & Company LLC upped their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. JMP Securities initiated coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They set a "market outperform" rating and a $15.00 price objective on the stock. Wall Street Zen cut shares of Super Group (SGHC) from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, BTIG Research reiterated a "buy" rating on shares of Super Group (SGHC) in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $14.22.

Super Group (SGHC) Price Performance

SGHC stock traded up $0.29 on Monday, reaching $12.93. 1,251,458 shares of the company were exchanged, compared to its average volume of 1,341,603. Super Group has a 12 month low of $3.44 and a 12 month high of $13.47. The stock's fifty day moving average price is $11.55 and its 200 day moving average price is $9.35. The firm has a market capitalization of $6.51 billion, a PE ratio of 49.64 and a beta of 1.09.

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

Hedge Funds Weigh In On Super Group (SGHC)

Hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its holdings in shares of Super Group (SGHC) by 132.1% in the 2nd 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 last quarter. Quarry LP boosted its holdings in shares of Super Group (SGHC) by 364.3% in the 1st quarter. Quarry LP now owns 3,988 shares of the company's stock valued at $26,000 after buying an additional 3,129 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Super Group (SGHC) by 4,606.6% in the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock valued at $28,000 after buying an additional 4,192 shares during the last quarter. Pacer Advisors Inc. boosted its position in 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 during the period. Finally, Signaturefd LLC boosted its position in Super Group (SGHC) by 95.9% during 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 period. 5.09% of the stock is owned by institutional investors.

Super Group (SGHC) Company Profile

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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