Super Group (NYSE:SGHC) Price Target Raised to $11.00 at BTIG Research

Super Group (NYSE:SGHC - Get Free Report) had its price objective raised by equities research analysts at BTIG Research from $9.00 to $11.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. BTIG Research's price objective would indicate a potential upside of 16.90% from the stock's previous close.

SGHC has been the topic of several other reports. Craig Hallum set a $12.00 target price on Super Group in a report on Monday, May 19th. Needham & Company LLC lifted their price objective on Super Group from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Canaccord Genuity Group boosted their price objective on Super Group from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Finally, Benchmark reaffirmed a "buy" rating and issued a $12.00 target price on shares of Super Group in a research note on Wednesday, April 16th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $11.83.

Super Group Trading Up 1.1%

SGHC stock traded up $0.10 during midday trading on Wednesday, reaching $9.41. The stock had a trading volume of 562,414 shares, compared to its average volume of 687,019. Super Group has a 52-week low of $2.91 and a 52-week high of $9.49. The company's fifty day simple moving average is $8.17 and its 200 day simple moving average is $7.37. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 156.86 and a beta of 1.01.

Super Group (NYSE:SGHC - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $495.96 million during the quarter, compared to analysts' expectations of $423.91 million. Super Group had a net margin of 2.25% and a return on equity of 15.40%. Sell-side analysts predict that Super Group will post 0.29 EPS for the current year.

Institutional Investors Weigh In On Super Group

A number of institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in Super Group by 56.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock valued at $30,000 after purchasing an additional 1,662 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Super Group by 17.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,676 shares of the company's stock worth $98,000 after purchasing an additional 2,307 shares during the last quarter. Signaturefd LLC boosted its position in shares of Super Group by 95.9% during the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company's stock worth $35,000 after acquiring an additional 2,662 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Super Group by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,279 shares of the company's stock valued at $531,000 after acquiring an additional 2,997 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its position in shares of Super Group by 7.8% during the 4th quarter. Tudor Investment Corp ET AL now owns 41,773 shares of the company's stock worth $260,000 after acquiring an additional 3,022 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Super Group 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.