Canaccord Genuity Group Raises Super Group (NYSE:SGHC) Price Target to $12.00

Super Group (NYSE:SGHC - Get Free Report) had its price target boosted by investment analysts at Canaccord Genuity Group from $11.00 to $12.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's target price indicates a potential upside of 37.63% from the company's previous close.

A number of other research firms also recently weighed in on SGHC. Needham & Company LLC boosted their target price on Super Group from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Oppenheimer upped their price objective on shares of Super Group from $9.00 to $11.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Benchmark restated a "buy" rating and set a $12.00 price target on shares of Super Group in a research report on Wednesday, April 16th. Finally, BTIG Research assumed coverage on shares of Super Group in a research note on Friday, March 28th. They set a "buy" rating and a $9.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $10.80.

Super Group Stock Performance

Shares of SGHC traded up $0.24 during mid-day trading on Monday, reaching $8.72. 409,591 shares of the company were exchanged, compared to its average volume of 618,290. The stock has a market capitalization of $4.39 billion, a PE ratio of 145.62 and a beta of 1.05. The business has a 50 day simple moving average of $7.13 and a two-hundred day simple moving average of $6.65. Super Group has a 52 week low of $2.91 and a 52 week high of $8.81.

Super Group (NYSE:SGHC - Get Free Report) last released its quarterly earnings data on Thursday, April 3rd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. Super Group had a net margin of 2.25% and a return on equity of 15.40%. The firm had revenue of $517.61 million for the quarter, compared to the consensus estimate of $413.00 million. On average, analysts predict that Super Group will post 0.29 EPS for the current year.

Hedge Funds Weigh In On Super Group

A number of large investors have recently bought and sold shares of SGHC. GAMMA Investing LLC lifted its stake in Super Group by 4,606.6% during the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock valued at $28,000 after acquiring an additional 4,192 shares during the period. Aquatic Capital Management LLC acquired a new position in Super Group in the 4th quarter valued at about $30,000. Signaturefd LLC increased its holdings in 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 purchasing an additional 2,662 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Super Group during the fourth quarter worth $66,000. Finally, Xponance Inc. acquired a new position in shares of Super Group in the 4th quarter valued at $67,000. Institutional investors own 5.09% of the company's stock.

About Super Group

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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