Weiss Ratings Reaffirms "Hold (C-)" Rating for Super Group (SGHC) (NYSE:SGHC)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C-)" rating for Super Group (SGHC), reflecting a cautious stance on the stock amidst a mixed forecast from other analysts.
• Despite the hold rating, several analysts have issued positive ratings, with price targets ranging from $15.00 to $18.00, suggesting a general consensus of a Buy with an average target price of $15.40.
• Super Group's stock remained stable at $13.35, with a 1-year high of $14.38, following a recent quarterly report that indicated earnings missed estimates, but revenue exceeded them significantly.

Super Group (SGHC) (NYSE:SGHC - Get Free Report)'s stock had its "hold (c-)" rating reissued by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other research analysts have also recently issued research reports about the company. Citigroup restated an "outperform" rating on shares of Super Group (SGHC) in a research report on Monday, September 22nd. JMP Securities raised their price target on Super Group (SGHC) from $15.00 to $16.00 and gave the stock a "market outperform" rating in a research report on Monday, September 22nd. Macquarie assumed coverage on Super Group (SGHC) in a research report on Monday, September 15th. They issued an "outperform" rating and a $17.00 price target on the stock. Citizens Jmp assumed coverage on Super Group (SGHC) in a research report on Monday, July 14th. They issued a "strong-buy" rating and a $15.00 price target on the stock. Finally, Benchmark raised their price target on Super Group (SGHC) from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Super Group (SGHC) presently has a consensus rating of "Buy" and an average target price of $15.40.

Super Group (SGHC) Price Performance

SGHC stock remained flat at $13.35 during trading hours on Wednesday. The company's stock had a trading volume of 2,267,568 shares, compared to its average volume of 3,773,636. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 51.35 and a beta of 1.11. The firm has a 50 day moving average price of $12.17 and a 200-day moving average price of $10.09. Super Group has a 1 year low of $3.85 and a 1 year high of $14.38.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm 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%. Equities research analysts anticipate that Super Group will post 0.29 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its position 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 acquiring an additional 1,396 shares during the last quarter. Pacer Advisors Inc. grew its position in Super Group (SGHC) by 56.6% in the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock valued at $30,000 after acquiring an additional 1,662 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Super Group (SGHC) by 19.5% in the second quarter. Tower Research Capital LLC TRC now owns 14,928 shares of the company's stock valued at $164,000 after acquiring an additional 2,432 shares during the last quarter. Signaturefd LLC grew its position in Super Group (SGHC) by 95.9% in the first quarter. Signaturefd LLC now owns 5,439 shares of the company's stock valued at $35,000 after acquiring an additional 2,662 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its position in Super Group (SGHC) by 8.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 36,666 shares of the company's stock valued at $402,000 after acquiring an additional 2,776 shares during the last quarter. Institutional investors own 5.09% of the company's stock.

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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