Super Group (SGHC) (NYSE:SGHC) Downgraded by Wall Street Zen to "Hold"

Key Points

• Super Group (SGHC) has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a shift in investor sentiment regarding the stock.
• The company's stock has seen a 2.5% decline recently, with a current share price of $12.64, after reaching a 12-month high of $13.47.
• Despite the downgrade, the consensus rating for Super Group remains a "Buy" with an average target price of $13.88, supported by several analysts' "buy" ratings.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

SGHC has been the topic of a number of other reports. Craig Hallum set a $12.00 target price on Super Group (SGHC) in a research report on Monday, May 19th. Benchmark upped their target price on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Citigroup initiated coverage on Super Group (SGHC) in a research report on Monday, July 14th. They set an "outperform" rating on the stock. BTIG Research reaffirmed a "buy" rating on shares of Super Group (SGHC) in a research report on Tuesday, July 8th. Finally, Needham & Company LLC upped their target price on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat, Super Group (SGHC) presently has a consensus rating of "Buy" and an average target price of $13.88.

Super Group (SGHC) Stock Down 2.5%

Shares of NYSE:SGHC opened at $12.64 on Friday. Super Group has a twelve month low of $3.44 and a twelve month high of $13.47. The stock's 50 day moving average is $11.55 and its 200-day moving average is $9.33. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 48.62 and a beta of 1.09.

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

Institutional Investors Weigh In On Super Group (SGHC)

Several large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its position in shares of Super Group (SGHC) by 132.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company's stock valued at $27,000 after purchasing an additional 1,396 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Super Group (SGHC) by 56.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock valued at $30,000 after purchasing an additional 1,662 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Super Group (SGHC) by 19.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,928 shares of the company's stock valued at $164,000 after purchasing an additional 2,432 shares during the last quarter. Signaturefd LLC increased its position in shares of Super Group (SGHC) by 95.9% during the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company's stock valued at $35,000 after purchasing an additional 2,662 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its position in shares of Super Group (SGHC) by 8.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 36,666 shares of the company's stock valued at $402,000 after purchasing an additional 2,776 shares during the last quarter. 5.09% of the stock is owned by hedge funds and other institutional investors.

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.

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