Wall Street Zen Upgrades Super Group (SGHC) (NYSE:SGHC) to Strong-Buy

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

Several other research analysts have also weighed in on SGHC. Craig Hallum set a $12.00 price target on Super Group (SGHC) in a research report on Monday, May 19th. Canaccord Genuity Group upped their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday. Benchmark reaffirmed a "buy" rating and issued a $12.00 price target on shares of Super Group (SGHC) in a research note on Wednesday, April 16th. Needham & Company LLC upped their target price on Super Group (SGHC) from $11.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, BTIG Research reaffirmed a "buy" rating on shares of Super Group (SGHC) in a research report on Tuesday. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Super Group (SGHC) currently has an average rating of "Buy" and a consensus price target of $12.50.

Super Group (SGHC) Trading Down 2.3%

NYSE SGHC opened at $11.52 on Friday. Super Group has a 1 year low of $2.94 and a 1 year high of $12.18. The stock's 50-day moving average price is $9.53 and its two-hundred day moving average price is $7.96. The company has a market cap of $5.80 billion, a PE ratio of 42.67 and a beta of 1.09.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP grew its stake in 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 grew its position in shares of 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 last quarter. Pacer Advisors Inc. grew its holdings in Super Group (SGHC) by 56.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock valued at $30,000 after buying an additional 1,662 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in Super Group (SGHC) in the 4th quarter valued at approximately $30,000. Finally, Signaturefd LLC grew 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 valued at $35,000 after buying an additional 2,662 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.