Super Group (SGHC) (NYSE:SGHC) Lowered to Buy Rating by Wall Street Zen

Super Group (SGHC) (NYSE:SGHC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Friday.

A number of other equities research analysts also recently issued reports on SGHC. Benchmark restated a "buy" rating and issued a $12.00 target price on shares of Super Group (SGHC) in a report on Wednesday, April 16th. Canaccord Genuity Group boosted their target price on shares of Super Group (SGHC) from $12.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. Needham & Company LLC boosted their target price on shares of Super Group (SGHC) from $10.00 to $11.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Craig Hallum set a $12.00 target price on shares of Super Group (SGHC) in a report on Monday, May 19th. Finally, BTIG Research boosted their target price on shares of Super Group (SGHC) from $9.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $11.83.

Super Group (SGHC) Trading Up 3.5%

Shares of NYSE SGHC traded up $0.37 during midday trading on Friday, reaching $11.09. 4,406,963 shares of the stock were exchanged, compared to its average volume of 745,614. The company has a market capitalization of $5.58 billion, a P/E ratio of 41.09 and a beta of 1.01. Super Group has a 52-week low of $2.94 and a 52-week high of $11.11. The stock has a 50 day moving average price of $8.87 and a 200-day moving average price of $7.64.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $495.96 million during the quarter, compared to the consensus estimate of $423.91 million. Super Group (SGHC) had a net margin of 7.02% and a return on equity of 33.88%. On average, analysts forecast that Super Group will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On Super Group (SGHC)

Several institutional investors have recently bought and sold shares of SGHC. Rhumbline Advisers grew its stake in Super Group (SGHC) by 10.4% during the fourth quarter. Rhumbline Advisers now owns 194,146 shares of the company's stock worth $1,210,000 after buying an additional 18,248 shares during the period. New York State Common Retirement Fund grew its stake in Super Group (SGHC) by 40.3% during the fourth quarter. New York State Common Retirement Fund now owns 53,814 shares of the company's stock worth $335,000 after buying an additional 15,463 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Super Group (SGHC) by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 362,798 shares of the company's stock worth $2,260,000 after buying an additional 8,232 shares during the period. Globeflex Capital L P purchased a new stake in Super Group (SGHC) during the fourth quarter worth approximately $576,000. Finally, Cibc World Markets Corp purchased a new stake in Super Group (SGHC) during the fourth quarter worth approximately $87,000. 5.09% of the stock is currently owned by hedge funds and other 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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