Zacks Research Upgrades Super Group (SGHC) (NYSE:SGHC) to “Strong-Buy”

Super Group (SGHC) (NYSE:SGHC) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research firms also recently weighed in on SGHC. Benchmark raised their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday. Wall Street Zen lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. BTIG Research dropped their price target on shares of Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday. Needham & Company LLC upped their price target on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Super Group (SGHC) has an average rating of “Buy” and a consensus price target of $16.75.

Super Group (SGHC) Trading Down 1.3%

NYSE:SGHC opened at $10.89 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. Super Group has a 52-week low of $5.59 and a 52-week high of $14.38. The stock’s 50 day moving average price is $10.27 and its 200 day moving average price is $11.46. The company has a market capitalization of $5.48 billion, a PE ratio of 25.34 and a beta of 1.08.

Hedge Funds Weigh In On Super Group (SGHC)

Institutional investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its position in Super Group (SGHC) by 324.3% during the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock valued at $55,828,000 after purchasing an additional 3,570,825 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Super Group (SGHC) by 97.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock worth $58,575,000 after purchasing an additional 2,193,989 shares in the last quarter. Norges Bank purchased a new stake in shares of Super Group (SGHC) during the 4th quarter worth about $23,791,000. Millennium Management LLC grew its position in Super Group (SGHC) by 127.2% in 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. Finally, Goldman Sachs Group Inc. raised its stake in shares of Super Group (SGHC) by 74.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock valued at $22,946,000 after acquiring an additional 818,455 shares in the last quarter. 5.09% of the stock is owned by institutional investors.

About Super Group (SGHC)

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.