Super Group (NYSE:SGHC) Upgraded at Oppenheimer

Super Group (NYSE:SGHC) was upgraded by research analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, Briefing.com reports. The firm presently has a $6.00 target price on the stock. Oppenheimer’s target price indicates a potential upside of 21.70% from the stock’s previous close.

Several other research analysts have also commented on SGHC. Benchmark reiterated a “buy” rating and set a $5.00 price objective on shares of Super Group in a research note on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $6.00 price target on shares of Super Group in a research report on Friday, August 9th.

Super Group Stock Performance

NYSE:SGHC opened at $4.93 on Thursday. The firm has a 50-day simple moving average of $3.82 and a 200-day simple moving average of $3.56. Super Group has a one year low of $2.63 and a one year high of $5.07. The firm has a market cap of $2.45 billion, a P/E ratio of 82.17 and a beta of 0.67.

Super Group (NYSE:SGHC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business 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%. On average, research analysts predict that Super Group will post 0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Super Group

Several hedge funds and other institutional investors have recently modified their holdings of SGHC. Acadian Asset Management LLC purchased a new position in shares of Super Group in the first quarter worth about $31,000. Bleakley Financial Group LLC purchased a new position in Super Group during the 1st quarter worth approximately $47,000. Algert Global LLC lifted its stake in Super Group by 54.5% during the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after acquiring an additional 6,711 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in shares of Super Group in the 3rd quarter valued at $70,000. Finally, AQR Capital Management LLC purchased a new position in shares of Super Group during the second quarter worth $77,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

About Super Group

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.