Super Group (SGHC)’s (SGHC) Buy Rating Reaffirmed at BTIG Research

Super Group (SGHC) (NYSE:SGHC)‘s stock had its “buy” rating reiterated by BTIG Research in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $19.00 price objective on the stock. BTIG Research’s target price would indicate a potential upside of 88.25% from the stock’s previous close.

SGHC has been the subject of a number of other research reports. Needham & Company LLC boosted their price objective on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday. Wall Street Zen downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a report on Monday, January 12th. Macquarie reaffirmed an “outperform” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Finally, Benchmark decreased their target price on shares of Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $16.78.

Super Group (SGHC) Price Performance

SGHC opened at $10.09 on Friday. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 23.47 and a beta of 1.08. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. Super Group has a 12-month low of $5.59 and a 12-month high of $14.38. The business’s fifty day simple moving average is $11.04 and its 200-day simple moving average is $11.69.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. The company had revenue of $557.00 million during the quarter, compared to analyst estimates of $436.19 million. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%. On average, equities research analysts anticipate that Super Group will post 0.29 earnings per share for the current fiscal year.

Institutional Trading of Super Group (SGHC)

Several large investors have recently added to or reduced their stakes in SGHC. Mercer Global Advisors Inc. ADV raised its stake in shares of Super Group (SGHC) by 7.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 16,363 shares of the company’s stock worth $216,000 after purchasing an additional 1,078 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Super Group (SGHC) by 132.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after buying an additional 1,396 shares during the last quarter. Mariner LLC lifted its stake in Super Group (SGHC) by 1.4% during the 3rd quarter. Mariner LLC now owns 103,271 shares of the company’s stock valued at $1,363,000 after acquiring an additional 1,471 shares during the period. Harvest Fund Management Co. Ltd boosted its holdings in shares of Super Group (SGHC) by 11.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 19,970 shares of the company’s stock valued at $263,000 after acquiring an additional 2,032 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Super Group (SGHC) by 19.5% in the second quarter. Tower Research Capital LLC TRC now owns 14,928 shares of the company’s stock worth $164,000 after acquiring an additional 2,432 shares during the period. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Company Profile

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.