Super Group (SGHC) (NYSE:SGHC) Raised to “Strong-Buy” at Zacks Research

Super Group (SGHC) (NYSE:SGHC) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. Macquarie Infrastructure restated an “outperform” rating and set a $19.00 price target on shares of Super Group (SGHC) in a research note on Wednesday, November 5th. BTIG Research lowered their price objective on Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday. Wall Street Zen cut Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a report on Monday, January 12th. Finally, Benchmark boosted their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $16.75.

Super Group (SGHC) Stock Up 2.1%

Shares of SGHC stock opened at $11.04 on Wednesday. Super Group has a one year low of $5.59 and a one year high of $14.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a fifty day moving average price of $10.27 and a 200 day moving average price of $11.46. The stock has a market cap of $5.56 billion, a P/E ratio of 25.68 and a beta of 1.08.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in Super Group (SGHC) by 235.3% during the 1st quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock worth $1,082,000 after acquiring an additional 117,869 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Super Group (SGHC) by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock worth $574,000 after acquiring an additional 3,783 shares during the last quarter. Millennium Management LLC lifted its position in shares of Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after purchasing an additional 1,532,666 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Super Group (SGHC) during the first quarter valued at approximately $1,523,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Super Group (SGHC) by 132.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock valued at $27,000 after purchasing an additional 1,396 shares in the last quarter. 5.09% of the stock is owned by institutional investors.

About Super Group (SGHC)

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.