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Super Group (SGHC) (NYSE:SGHC) Given New $14.00 Price Target at Needham & Company LLC

Super Group (SGHC) logo with Consumer Discretionary background

Super Group (SGHC) (NYSE:SGHC - Free Report) had its target price boosted by Needham & Company LLC from $11.00 to $14.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on SGHC. Wall Street Zen cut shares of Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. Canaccord Genuity Group raised their price target on shares of Super Group (SGHC) from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Benchmark restated a "buy" rating and set a $12.00 price target on shares of Super Group (SGHC) in a research note on Wednesday, April 16th. BTIG Research raised their price target on shares of Super Group (SGHC) from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Finally, Craig Hallum set a $12.00 price target on shares of Super Group (SGHC) in a research note on Monday, May 19th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Super Group (SGHC) currently has a consensus rating of "Buy" and an average target price of $12.50.

Read Our Latest Stock Analysis on SGHC

Super Group (SGHC) Trading Up 5.3%

Super Group (SGHC) stock traded up $0.60 during mid-day trading on Wednesday, hitting $12.00. 1,929,079 shares of the company's stock were exchanged, compared to its average volume of 772,717. The stock has a market cap of $6.04 billion, a P/E ratio of 44.44 and a beta of 1.09. Super Group has a 1-year low of $2.94 and a 1-year high of $12.03. The stock has a 50 day moving average of $9.32 and a two-hundred day moving average of $7.86.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $495.96 million for the quarter, compared to the consensus estimate of $423.91 million. Super Group (SGHC) had a net margin of 7.02% and a return on equity of 33.88%. As a group, research analysts predict that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Monday, June 23rd. Super Group (SGHC)'s payout ratio is 59.26%.

Institutional Trading of Super Group (SGHC)

Several hedge funds have recently modified their holdings of SGHC. Pacer Advisors Inc. increased its holdings in shares of Super Group (SGHC) by 56.6% in the first 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 in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Super Group (SGHC) by 17.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,676 shares of the company's stock valued at $98,000 after purchasing an additional 2,307 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Super Group (SGHC) by 95.9% in the first quarter. Signaturefd LLC now owns 5,439 shares of the company's stock valued at $35,000 after purchasing an additional 2,662 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Super Group (SGHC) by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,279 shares of the company's stock valued at $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 (SGHC) by 7.8% in the fourth quarter. Tudor Investment Corp ET AL now owns 41,773 shares of the company's stock valued at $260,000 after purchasing an additional 3,022 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.

Super Group (SGHC) Company Profile

(Get Free Report)

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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