Benchmark Reaffirms Buy Rating for Super Group (SGHC) (NYSE:SGHC)

Key Points

• Benchmark has reaffirmed its buy rating for Super Group (SGHC), setting a price target of $18.00, which suggests a potential upside of 38.46% from its previous close.
• Super Group reported a quarterly EPS of $0.11, missing the consensus estimate of $0.13, but had a revenue of $579 million exceeding expectations of $503 million.
• Institutional investors have increased their holdings in Super Group, with several firms, such as American Century Companies and Millennium Management, growing their stakes significantly in the last quarters.

Super Group (SGHC) (NYSE:SGHC - Get Free Report)'s stock had its "buy" rating reissued by analysts at Benchmark in a research note issued on Monday,Benzinga reports. They currently have a $18.00 price objective on the stock. Benchmark's target price would indicate a potential upside of 38.46% from the company's previous close.

SGHC has been the subject of a number of other research reports. Citizens Jmp initiated coverage on shares of Super Group (SGHC) in a report on Monday, July 14th. They set a "strong-buy" rating and a $15.00 price target for the company. Citigroup restated an "outperform" rating on shares of Super Group (SGHC) in a report on Monday, September 22nd. Wall Street Zen upgraded shares of Super Group (SGHC) from a "hold" rating to a "buy" rating in a report on Friday, September 26th. JMP Securities raised their price target on shares of Super Group (SGHC) from $15.00 to $16.00 and gave the stock a "market outperform" rating in a report on Monday, September 22nd. Finally, BTIG Research restated a "buy" rating and set a $14.00 price target on shares of Super Group (SGHC) in a report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $15.40.

Super Group (SGHC) Price Performance

SGHC stock opened at $13.00 on Monday. The business has a 50 day simple moving average of $12.27 and a 200-day simple moving average of $10.22. The firm has a market capitalization of $6.54 billion, a PE ratio of 50.00 and a beta of 1.11. Super Group has a 1 year low of $3.96 and a 1 year high of $14.38.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The company had revenue of $579.00 million during the quarter, compared to analysts' expectations of $503.00 million. Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. On average, equities research analysts expect that Super Group will post 0.29 EPS for the current year.

Hedge Funds Weigh In On Super Group (SGHC)

Several institutional investors have recently modified their holdings of the business. American Century Companies Inc. grew its stake in shares of Super Group (SGHC) by 7.6% in the second quarter. American Century Companies Inc. now owns 5,209,707 shares of the company's stock worth $57,150,000 after acquiring an additional 368,691 shares in the last quarter. Millennium Management LLC lifted its position in shares of Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Super Group (SGHC) by 120.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company's stock worth $24,612,000 after purchasing an additional 1,224,942 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Super Group (SGHC) by 7.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company's stock worth $20,717,000 after purchasing an additional 138,065 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Super Group (SGHC) by 58.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company's stock worth $19,902,000 after purchasing an additional 667,571 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.

Super Group (SGHC) Company Profile

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. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.

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