Super Group (NYSE:SGHC) Posts Earnings Results, Misses Expectations By $0.42 EPS

Super Group (NYSE:SGHCGet Rating) issued its quarterly earnings data on Wednesday. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.42), MarketWatch Earnings reports. The company had revenue of $334.50 million for the quarter, compared to analyst estimates of $336.69 million. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year.

Shares of SGHC stock traded down $1.52 during midday trading on Wednesday, hitting $6.60. 20,848 shares of the company were exchanged, compared to its average volume of 319,186. The firm has a 50 day moving average price of $9.45. Super Group has a 52 week low of $6.82 and a 52 week high of $11.09.

Several equities research analysts have issued reports on SGHC shares. Zacks Investment Research lowered shares of Super Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Benchmark decreased their price objective on shares of Super Group from $16.00 to $14.00 in a research report on Thursday, April 14th. Canaccord Genuity Group assumed coverage on shares of Super Group in a research report on Friday, April 22nd. They issued a “buy” rating and a $14.00 price objective for the company. Needham & Company LLC lifted their price objective on shares of Super Group from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, March 28th. Finally, Canaccord Genuity Group assumed coverage on shares of Super Group in a research report on Friday, April 22nd. They issued a “buy” rating and a $14.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, Super Group presently has an average rating of “Buy” and an average price target of $13.00.

A number of institutional investors have recently modified their holdings of SGHC. Penserra Capital Management LLC acquired a new stake in Super Group in the 1st quarter worth about $60,000. Goldman Sachs Group Inc. acquired a new stake in Super Group in the 1st quarter worth about $433,000. Toroso Investments LLC acquired a new stake in Super Group in the 1st quarter worth about $175,000. Finally, Neuberger Berman Group LLC acquired a new stake in Super Group in the 1st quarter worth about $137,000. Institutional investors and hedge funds own 4.48% of the company’s stock.

About Super Group (Get Rating)

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. The company is based in Saint Peter Port, Guernsey.

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