Super Group (SGHC) (NYSE:SGHC) Price Target Raised to $16.00 at JMP Securities

Key Points

• JMP Securities raised the price target for Super Group (SGHC) from $15.00 to $16.00, suggesting a potential upside of 35.62% from its current price.
• Multiple analysts have issued ratings on Super Group, with prices targets ranging from $15.00 to $18.00, indicating a generally positive outlook for the stock.
• Super Group reported earnings of $0.11 per share, missing consensus estimates, despite achieving revenue of $579 million, surpassing analyst expectations.

Super Group (SGHC) (NYSE:SGHC - Free Report) had its price objective upped by JMP Securities from $15.00 to $16.00 in a report released on Monday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

A number of other analysts also recently issued reports on SGHC. Canaccord Genuity Group lifted their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a "buy" rating in a report on Friday. UBS Group set a $18.00 target price on Super Group (SGHC) in a report on Thursday. Benchmark raised their target price on Super Group (SGHC) from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday. Needham & Company LLC reissued a "buy" rating and set a $15.00 target price on shares of Super Group (SGHC) in a research note on Monday. Finally, Citizens Jmp started coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued a "strong-buy" rating and a $15.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $15.40.

Super Group (SGHC) Trading Up 9.8%

SGHC stock traded up $1.16 during midday trading on Monday, hitting $12.92. 4,488,345 shares of the company's stock were exchanged, compared to its average volume of 3,878,446. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 49.67 and a beta of 1.09. The firm has a 50 day moving average price of $11.66 and a 200-day moving average price of $9.58. Super Group has a 12-month low of $3.44 and a 12-month high of $13.71.

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

Super Group (SGHC) Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.2%. Super Group (SGHC)'s payout ratio is 61.54%.

Institutional Trading of Super Group (SGHC)

Several institutional investors have recently made changes to their positions in SGHC. American Century Companies Inc. raised its stake in shares of Super Group (SGHC) by 7.6% in the 2nd quarter. American Century Companies Inc. now owns 5,209,707 shares of the company's stock valued at $57,150,000 after purchasing an additional 368,691 shares in the last quarter. Millennium Management LLC raised its holdings 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 valued at $17,628,000 after purchasing an additional 1,532,666 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Super Group (SGHC) by 120.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,243,545 shares of the company's stock worth $24,612,000 after acquiring an additional 1,224,942 shares during the period. Geode Capital Management LLC grew its position in Super Group (SGHC) by 7.9% in 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 boosted its position in Super Group (SGHC) by 58.1% in the second quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company's stock valued at $19,902,000 after buying an additional 667,571 shares in the last quarter. 5.09% of the stock is owned by hedge funds and other institutional investors.

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.