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

Super Group (SGHC) (NYSE:SGHC) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

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

Super Group (SGHC) Stock Up 3.5%

SGHC opened at $11.09 on Friday. The stock’s fifty day moving average is $8.87 and its two-hundred day moving average is $7.64. 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.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. The company had revenue of $495.96 million for the quarter, compared to the consensus estimate of $423.91 million. Equities analysts anticipate that Super Group will post 0.29 earnings per share for the current year.

Hedge Funds Weigh In On Super Group (SGHC)

A number of institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its position in Super Group (SGHC) by 6.3% during the first quarter. Rhumbline Advisers now owns 206,407 shares of the company’s stock worth $1,329,000 after buying an additional 12,261 shares in the last quarter. Strs Ohio purchased a new position in Super Group (SGHC) during the first quarter worth approximately $603,000. Acadian Asset Management LLC lifted its position in Super Group (SGHC) by 66.7% during the first quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company’s stock worth $7,379,000 after buying an additional 459,485 shares in the last quarter. Jane Street Group LLC purchased a new position in Super Group (SGHC) during the first quarter worth approximately $1,523,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Super Group (SGHC) during the first quarter worth $483,000. Hedge funds and other institutional investors 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.