FY2022 Earnings Estimate for Super Group Limited (NYSE:SGHC) Issued By Oppenheimer

Super Group Limited (NYSE:SGHCGet Rating) – Equities research analysts at Oppenheimer raised their FY2022 earnings estimates for Super Group in a research report issued on Tuesday, November 22nd. Oppenheimer analyst J. Kelly now forecasts that the company will post earnings of $0.34 per share for the year, up from their prior estimate of $0.33. Oppenheimer currently has a “Market Perform” rating on the stock. The consensus estimate for Super Group’s current full-year earnings is $0.33 per share. Oppenheimer also issued estimates for Super Group’s Q4 2022 earnings at $0.04 EPS.

Separately, Needham & Company LLC dropped their price target on shares of Super Group from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Super Group presently has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Super Group Stock Performance

Shares of NYSE:SGHC opened at $3.62 on Thursday. The company has a fifty day simple moving average of $3.90 and a 200 day simple moving average of $4.75. Super Group has a 12-month low of $3.32 and a 12-month high of $11.09.

Hedge Funds Weigh In On Super Group

A number of hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its holdings in Super Group by 21.1% in the third quarter. Jane Street Group LLC now owns 16,934 shares of the company’s stock worth $69,000 after purchasing an additional 2,955 shares during the period. Penserra Capital Management LLC acquired a new position in Super Group in the first quarter worth $60,000. Exchange Traded Concepts LLC boosted its holdings in Super Group by 1.3% in the third quarter. Exchange Traded Concepts LLC now owns 793,591 shares of the company’s stock worth $3,238,000 after purchasing an additional 10,004 shares during the period. LPL Financial LLC acquired a new position in Super Group in the second quarter worth $47,000. Finally, Phraction Management LLC acquired a new position in Super Group in the second quarter worth $52,000. Institutional investors and hedge funds own 2.73% of the company’s stock.

Super Group Company Profile

(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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