Super Group (SGHC) (NYSE:SGHC) Rating Lowered to Buy at 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 note issued to investors on Saturday.

Several other equities analysts have also issued reports on the company. Benchmark cut their target price on Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. BTIG Research lifted their price objective on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Thursday, October 30th. UBS Group set a $18.00 target price on shares of Super Group (SGHC) in a research note on Thursday, September 18th. Finally, Canaccord Genuity Group upped their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Two investment 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 stock. Based on data from MarketBeat, Super Group (SGHC) presently has an average rating of “Buy” and an average target price of $16.30.

Super Group (SGHC) Stock Performance

Shares of NYSE:SGHC opened at $11.91 on Friday. The firm has a 50 day moving average of $11.66 and a 200 day moving average of $11.71. 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 company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 27.70 and a beta of 1.09. Super Group has a 52 week low of $5.45 and a 52 week high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. The business had revenue of $557.00 million for the quarter, compared to the consensus estimate of $436.19 million. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%. On average, sell-side analysts predict that Super Group will post 0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Super Group (SGHC)

Institutional investors have recently bought and sold shares of the business. Cantor Fitzgerald L. P. acquired a new position in Super Group (SGHC) in the third quarter valued at approximately $669,000. Penn Capital Management Company LLC acquired a new stake in Super Group (SGHC) during the third quarter valued at $651,000. CIBC Bancorp USA Inc. purchased a new position in Super Group (SGHC) in the third quarter valued at $224,000. Jacobs Levy Equity Management Inc. increased its holdings in Super Group (SGHC) by 144.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 767,099 shares of the company’s stock valued at $10,126,000 after buying an additional 453,563 shares in the last quarter. Finally, PDT Partners LLC raised its position in shares of Super Group (SGHC) by 39.0% in the third quarter. PDT Partners LLC now owns 244,863 shares of the company’s stock worth $3,232,000 after acquiring an additional 68,760 shares during the period. 5.09% of the stock is owned by hedge funds and other 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.