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

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

Other research analysts have also issued research reports about the company. UBS Group set a $18.00 price target on Super Group (SGHC) in a report on Thursday, September 18th. JMP Securities lifted their price target on Super Group (SGHC) from $15.00 to $16.00 and gave the stock a “market outperform” rating in a report on Monday, September 22nd. BTIG Research reiterated a “buy” rating and set a $14.00 price target on shares of Super Group (SGHC) in a report on Thursday, September 18th. Citizens Jmp assumed coverage on Super Group (SGHC) in a report on Monday, July 14th. They set a “strong-buy” rating and a $15.00 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of Super Group (SGHC) in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $15.40.

Super Group (SGHC) Stock Performance

Shares of SGHC stock opened at $10.80 on Friday. The stock’s fifty day moving average is $12.55 and its two-hundred day moving average is $10.81. The firm has a market capitalization of $5.43 billion, a P/E ratio of 41.52 and a beta of 1.09. Super Group has a fifty-two week low of $4.01 and a fifty-two week high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $579.00 million during the quarter, compared to analysts’ expectations of $503.00 million. Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. On average, equities analysts forecast that Super Group will post 0.29 earnings per share for the current year.

Institutional Trading of Super Group (SGHC)

Institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its stake in Super Group (SGHC) by 132.1% during the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after purchasing an additional 1,396 shares during the period. Quarry LP increased its stake in Super Group (SGHC) by 364.3% during the first quarter. Quarry LP now owns 3,988 shares of the company’s stock worth $26,000 after purchasing an additional 3,129 shares during the period. Pacer Advisors Inc. increased its stake in Super Group (SGHC) by 56.6% during the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company’s stock worth $30,000 after purchasing an additional 1,662 shares during the period. Signaturefd LLC increased its stake in Super Group (SGHC) by 95.9% during the first quarter. Signaturefd LLC now owns 5,439 shares of the company’s stock worth $35,000 after purchasing an additional 2,662 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Super Group (SGHC) during the first quarter worth about $37,000. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

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.