Oppenheimer Boosts Super Group’s Outlook to Outperform
Analysts Predict Modest Growth Ahead
Fintel reports that on November 7, 2024, Oppenheimer upgraded their outlook for Super Group (NYSE:SGHC) from Perform to Outperform.
Price Target Breakdown
As of October 22, 2024, the average one-year price target for Super Group stands at $5.44 per share. The estimates range from a low of $5.05 to a high of $6.30. This average price target suggests a potential increase of 1.49% from the latest closing price of $5.36 per share.
Revenue Projections Decline
The estimated annual revenue for Super Group is projected at $1,447 million, reflecting a decrease of 7.05%. Additionally, the expected annual non-GAAP EPS is $0.31.
Fund Sentiment on the Rise
A total of 132 funds and institutions are currently reporting positions in Super Group, marking an increase of 22 owners, or 20%, over the last quarter. The average portfolio weight of these funds in SGHC is 0.02%, which represents a substantial increase of 119.15%. Over the past three months, total shares owned by institutions rose by 13.80%, reaching 35,801K shares. 
The put/call ratio of SGHC is 0.25, indicating a bullish sentiment.
Institutional Holdings Overview
Cerity Partners holds 3,341K shares, which equates to 0.67% ownership of the company. In their previous filing, they reported the same number of shares, indicating a slight increase of 0.01%. However, the firm reduced its portfolio allocation in SGHC by 6.65% over the last quarter.
AVUV – Avantis U.S. Small Cap Value ETF has increased its holdings to 2,416K shares, representing 0.48% ownership, up from 307K shares previously—an impressive increase of 87.30%. Their portfolio allocation in SGHC surged by 555.45% in the last quarter.
Helikon Investments currently holds 1,772K shares, representing 0.35% ownership. Geode Capital Management also reports a rise to 1,728K shares, up from 1,487K shares, amounting to a 13.94% increase. Yet, they reduced their portfolio allocation in SGHC by 46.09% over the past quarter.
Anson Funds Management grew its stake to 1,337K shares, a 1.91% increase from the 1,311K shares previously held. Their portfolio allocation in SGHC rose by 75.63% over the last quarter.
About Super Group
Super Group Background Information
(This description is provided by the company.)
Super Group serves as the holding company for prominent global online sports betting and gaming operations, including Betway, a leading online sports betting brand, and Spin, a multi-brand online casino.
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This story originally appeared on Fintel.
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
