Super Group (NYSE:SGHC - Get Free Report) was upgraded by stock analysts at Oppenheimer from a "market perform" rating to an "outperform" rating in a note issued to investors on Thursday, Marketbeat reports. The brokerage currently has a $6.00 price target on the stock. Oppenheimer's price target would indicate a potential upside of 11.94% from the stock's current price.
A number of other research analysts also recently weighed in on SGHC. Needham & Company LLC restated a "buy" rating and set a $6.00 price target on shares of Super Group in a report on Friday, August 9th. Benchmark reissued a "buy" rating and issued a $5.00 price objective on shares of Super Group in a research report on Thursday, August 8th.
Get Our Latest Stock Report on Super Group
Super Group Trading Up 8.7 %
SGHC stock traded up $0.43 during trading on Thursday, reaching $5.36. The stock had a trading volume of 1,214,101 shares, compared to its average volume of 419,261. Super Group has a 1-year low of $2.63 and a 1-year high of $5.50. The firm has a fifty day moving average price of $3.82 and a 200 day moving average price of $3.56. The company has a market capitalization of $2.67 billion, a P/E ratio of 88.33 and a beta of 0.67.
Super Group (NYSE:SGHC - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). The firm had revenue of $446.44 million during the quarter, compared to the consensus estimate of $436.89 million. Super Group had a return on equity of 12.17% and a net margin of 2.42%. Sell-side analysts predict that Super Group will post 0.25 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in SGHC. Acadian Asset Management LLC bought a new stake in Super Group during the first quarter worth about $31,000. Bleakley Financial Group LLC bought a new position in shares of Super Group during the first quarter valued at $47,000. Algert Global LLC lifted its holdings in Super Group by 54.5% during the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company's stock worth $61,000 after buying an additional 6,711 shares during the period. Burns Matteson Capital Management LLC bought a new stake in Super Group in the third quarter valued at approximately $70,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Super Group during the second quarter worth $77,000. Institutional investors and hedge funds own 5.09% of the company's stock.
About Super Group
(
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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.
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