Super Group (SGHC) (NYSE:SGHC) Rating Lowered to “Buy” at Wall Street Zen

Super Group (SGHC) (NYSE:SGHC) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.

Other equities research analysts have also recently issued research reports about the stock. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a research report on Monday, September 22nd. UBS Group set a $18.00 price objective on shares of Super Group (SGHC) in a research note on Thursday, September 18th. Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Thursday, October 30th. Macquarie reaffirmed an “outperform” rating and set a $19.00 target price on shares of Super Group (SGHC) in a report on Wednesday, November 5th. Finally, Canaccord Genuity Group boosted their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $16.30.

Super Group (SGHC) Trading Down 3.4%

Shares of NYSE:SGHC opened at $10.03 on Monday. Super Group has a 12-month low of $5.59 and a 12-month high of $14.38. The business has a 50 day moving average of $11.57 and a 200-day moving average of $11.82. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. The stock has a market cap of $5.05 billion, a PE ratio of 23.32 and a beta of 1.08.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.05. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%.The business had revenue of $557.00 million during the quarter, compared to analysts’ expectations of $436.19 million. As a group, equities research analysts forecast that Super Group will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On Super Group (SGHC)

A number of large investors have recently modified their holdings of the business. American Century Companies Inc. raised its holdings in shares of Super Group (SGHC) by 3.0% during the 3rd quarter. American Century Companies Inc. now owns 5,366,058 shares of the company’s stock worth $70,832,000 after buying an additional 156,351 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Super Group (SGHC) by 97.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock worth $58,575,000 after acquiring an additional 2,193,989 shares in the last quarter. Millennium Management LLC raised its stake in Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after acquiring an additional 1,532,666 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Super Group (SGHC) by 8.3% in the third quarter. Vanguard Group Inc. now owns 1,988,987 shares of the company’s stock worth $26,255,000 after acquiring an additional 152,362 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Super Group (SGHC) by 7.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company’s stock valued at $20,717,000 after purchasing an additional 138,065 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group (SGHC) Company Profile

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.