Super Group (NYSE:SGHC) Announces Earnings Results, Meets Estimates

Super Group (NYSE:SGHCGet Rating) announced its quarterly earnings data on Tuesday. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05, reports. The company had revenue of $310.25 million for the quarter, compared to the consensus estimate of $264.18 million. Super Group had a net margin of 18.90% and a return on equity of 109.18%.

Super Group Stock Down 2.2 %

Super Group stock traded down $0.08 during midday trading on Thursday, reaching $3.62. 150,815 shares of the company traded hands, compared to its average volume of 125,344. Super Group has a 12 month low of $3.32 and a 12 month high of $11.09. The business has a 50 day moving average of $3.92 and a two-hundred day moving average of $4.75.

Analyst Upgrades and Downgrades

SGHC has been the topic of a number of recent analyst reports. Oppenheimer cut shares of Super Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 16th. Needham & Company LLC cut their target price on Super Group from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Hedge Funds Weigh In On Super Group

A number of institutional investors and hedge funds have recently modified their holdings of SGHC. Toroso Investments LLC increased its position in shares of Super Group by 56.1% during the 3rd quarter. Toroso Investments LLC now owns 35,939 shares of the company’s stock valued at $147,000 after purchasing an additional 12,912 shares during the last quarter. Jane Street Group LLC increased its holdings in Super Group by 21.1% during the third quarter. Jane Street Group LLC now owns 16,934 shares of the company’s stock valued at $69,000 after buying an additional 2,955 shares during the last quarter. Neuberger Berman Group LLC raised its position in Super Group by 101.6% in the third quarter. Neuberger Berman Group LLC now owns 25,800 shares of the company’s stock worth $105,000 after acquiring an additional 13,000 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Super Group by 1.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 793,591 shares of the company’s stock worth $3,238,000 after acquiring an additional 10,004 shares during the last quarter. Finally, Caption Management LLC purchased a new stake in shares of Super Group in the 2nd quarter worth $72,000. 2.73% of the stock is currently owned by hedge funds and other institutional investors.

Super Group Company Profile

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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. The company is based in Saint Peter Port, Guernsey.

Further Reading

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