Super Group (NYSE:SGHC - Get Free Report) had its price objective increased by equities researchers at Canaccord Genuity Group from $11.00 to $12.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 45.10% from the company's current price.
Other analysts have also recently issued reports about the company. Oppenheimer lifted their price objective on Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Needham & Company LLC increased their price objective on Super Group from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Benchmark restated a "buy" rating and set a $12.00 target price on shares of Super Group in a report on Wednesday, April 16th. Finally, BTIG Research assumed coverage on shares of Super Group in a research note on Friday, March 28th. They issued a "buy" rating and a $9.00 price target for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $10.80.
Check Out Our Latest Report on SGHC
Super Group Price Performance
NYSE:SGHC traded down $0.52 during mid-day trading on Monday, reaching $8.27. 1,332,517 shares of the company's stock traded hands, compared to its average volume of 633,033. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 137.86 and a beta of 1.01. Super Group has a 12-month low of $2.91 and a 12-month high of $9.17. The company has a 50 day moving average price of $7.26 and a 200-day moving average price of $6.77.
Super Group (NYSE:SGHC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. Super Group had a net margin of 2.25% and a return on equity of 15.40%. The business had revenue of $495.96 million for the quarter, compared to analysts' expectations of $423.91 million. As a group, analysts forecast that Super Group will post 0.29 EPS for the current year.
Institutional Trading of Super Group
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in shares of Super Group by 56.6% during the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock valued at $30,000 after buying an additional 1,662 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Super Group by 17.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,676 shares of the company's stock valued at $98,000 after acquiring an additional 2,307 shares in the last quarter. Signaturefd LLC boosted its stake in Super Group by 95.9% during the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company's stock valued at $35,000 after purchasing an additional 2,662 shares during 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 worth $531,000 after purchasing an additional 2,997 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in shares of Super Group by 7.8% in the 4th quarter. Tudor Investment Corp ET AL now owns 41,773 shares of the company's stock worth $260,000 after purchasing an additional 3,022 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors.
Super Group Company Profile
(
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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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