Super Group (NYSE:SGHC) PT Lowered to $8.00 at Needham & Company LLC

Super Group (NYSE:SGHC – Get Rating) had its target price decreased by Needham & Company LLC from $12.00 to $8.00 in a research note published on Thursday morning, The Fly reports. Needham & Company LLC currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group began coverage on shares of Super Group in a research report on Friday, April 22nd. They issued a buy rating and a $14.00 price target on the stock. Oppenheimer assumed coverage on shares of Super Group in a research report on Monday, March 7th. They set an outperform rating and a $11.00 target price on the stock. Benchmark lowered shares of Super Group from a buy rating to a hold rating in a research report on Wednesday. Zacks Investment Research lowered shares of Super Group from a hold rating to a sell rating in a research report on Tuesday, May 10th. Finally, Canaccord Genuity Group assumed coverage on shares of Super Group in a research report on Friday, April 22nd. They set a buy rating and a $14.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Super Group has a consensus rating of Buy and a consensus price target of $11.60.

NYSE:SGHC opened at $7.22 on Thursday. Super Group has a 12 month low of $6.00 and a 12 month high of $11.09. The company has a 50 day moving average price of $9.32.

Super Group (NYSE:SGHC – Get Rating) last released its quarterly earnings results on Wednesday, May 25th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.42). The firm had revenue of $334.50 million for the quarter, compared to the consensus estimate of $336.69 million. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts forecast that Super Group will post 0.36 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Penserra Capital Management LLC acquired a new stake in Super Group during the first quarter worth $60,000. Neuberger Berman Group LLC acquired a new stake in Super Group during the first quarter worth $137,000. Toroso Investments LLC acquired a new stake in Super Group during the first quarter worth $175,000. Goldman Sachs Group Inc. acquired a new stake in Super Group during the first quarter worth $433,000. Finally, Johnson Financial Group LLC acquired a new stake in Super Group during the first quarter worth $719,000. Hedge funds and other institutional investors own 4.48% of the company’s stock.

About Super Group (Get Rating)

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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