Super Group (SGHC) (NYSE:SGHC) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

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

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

Super Group (SGHC) Price Performance

SGHC stock traded down $0.23 during mid-day trading on Wednesday, reaching $11.76. The company had a trading volume of 974,102 shares, compared to its average volume of 775,358. The stock has a 50 day simple moving average of $9.40 and a two-hundred day simple moving average of $7.89. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 43.57 and a beta of 1.09. Super Group has a 52 week low of $2.94 and a 52 week high of $12.17.

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

Super Group (SGHC) Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were issued a dividend of $0.04 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.16 annualized dividend and a yield of 1.36%. Super Group (SGHC)'s payout ratio is currently 59.26%.

Institutional Trading of Super Group (SGHC)

Several hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in Super Group (SGHC) by 11.2% during the 1st quarter. American Century Companies Inc. now owns 4,841,016 shares of the company's stock worth $31,176,000 after purchasing an additional 487,895 shares during the last quarter. Millennium Management LLC lifted its holdings in Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the last quarter. Invesco Ltd. increased its stake in Super Group (SGHC) by 500.9% during the 4th quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock worth $9,306,000 after acquiring an additional 1,245,185 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Super Group (SGHC) by 360.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company's stock worth $8,106,000 after acquiring an additional 1,018,664 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Super Group (SGHC) by 66.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company's stock worth $7,379,000 after acquiring an additional 459,485 shares during the period. 5.09% of the stock is owned by institutional investors and hedge funds.

About Super Group (SGHC)

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.