Super Group (NYSE:SGHC) Trading Down 3.6%

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Shares of Super Group Limited (NYSE:SGHCGet Rating) dropped 3.6% during mid-day trading on Wednesday . The company traded as low as $4.55 and last traded at $4.56. Approximately 996 shares were traded during trading, a decline of 100% from the average daily volume of 362,653 shares. The stock had previously closed at $4.73.

A number of analysts have recently commented on SGHC shares. Oppenheimer started coverage on Super Group in a research note on Monday, March 7th. They issued an “outperform” rating and a $11.00 price objective on the stock. Canaccord Genuity Group dropped their price objective on Super Group from $14.00 to $11.00 in a research note on Thursday, May 26th. Canaccord Genuity Group started coverage on Super Group in a research note on Friday, April 22nd. They issued a “buy” rating and a $14.00 price objective on the stock. Benchmark downgraded Super Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 25th. Finally, Needham & Company LLC decreased their price target on Super Group from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, May 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $11.60.

The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $8.32.

Super Group (NYSE:SGHCGet Rating) last issued its quarterly earnings data on Wednesday, May 25th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.42). The company had revenue of $334.50 million for the quarter, compared to analysts’ expectations of $336.69 million. The business’s revenue for the quarter was up 7.3% on a year-over-year basis.

Large investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new position in shares of Super Group in the first quarter valued at approximately $60,000. Neuberger Berman Group LLC bought a new position in shares of Super Group in the first quarter valued at approximately $137,000. Toroso Investments LLC bought a new position in shares of Super Group in the first quarter valued at approximately $175,000. Goldman Sachs Group Inc. bought a new position in shares of Super Group in the first quarter valued at approximately $433,000. Finally, Johnson Financial Group LLC bought a new position in shares of Super Group in the first quarter valued at approximately $719,000. 4.48% of the stock is currently owned by institutional investors.

Super Group Company Profile (NYSE:SGHC)

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.

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