Super Group (NYSE:SGHC) Lifted to “Buy” at Benchmark

Posted by on Aug 21st, 2023

Benchmark upgraded shares of Super Group (NYSE:SGHC – Free Report) from a hold rating to a buy rating in a research report released on Friday, Marketbeat Ratings reports. They currently have $4.50 price target on the stock.

Super Group Price Performance

SGHC opened at $3.48 on Friday. Super Group has a 12 month low of $2.57 and a 12 month high of $4.55. The business has a 50 day simple moving average of $3.19 and a 200-day simple moving average of $3.51.

Super Group (NYSE:SGHC – Get Free Report) last released its earnings results on Wednesday, May 24th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Super Group had a net margin of 5.83% and a return on equity of 14.40%. The business had revenue of $363.17 million during the quarter, compared to analyst estimates of $346.93 million. On average, equities research analysts predict that Super Group will post 0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Super Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ergoteles LLC purchased a new position in Super Group in the 2nd quarter valued at approximately $29,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Super Group in the 2nd quarter worth about $33,000. Cowen AND Company LLC acquired a new stake in Super Group in the 2nd quarter valued at about $36,000. Brinker Capital Investments LLC acquired a new stake in Super Group in the 4th quarter valued at about $38,000. Finally, Royal Bank of Canada increased its holdings in Super Group by 733.2% during the 2nd quarter. Royal Bank of Canada now owns 13,323 shares of the company’s stock valued at $39,000 after acquiring an additional 11,724 shares in the last quarter. 2.92% of the stock is currently owned by institutional investors and hedge funds.

Super Group Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Super Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Group and related companies with MarketBeat.com's FREE daily email newsletter.