Free Trial

Needham & Company LLC Forecasts Strong Price Appreciation for Super Group (SGHC) (NYSE:SGHC) Stock

Super Group (SGHC) logo with Consumer Discretionary background

Super Group (SGHC) (NYSE:SGHC - Free Report) had its price objective increased by Needham & Company LLC from $11.00 to $14.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently commented on SGHC. 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. Wall Street Zen downgraded shares of Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 27th. Craig Hallum set a $12.00 target price on shares of Super Group (SGHC) in a research note on Monday, May 19th. Canaccord Genuity Group boosted their target price on shares of Super Group (SGHC) from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Finally, Benchmark restated a "buy" rating and issued a $12.00 target price on shares of Super Group (SGHC) in a research note on Wednesday, April 16th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $12.50.

View Our Latest Analysis on Super Group (SGHC)

Super Group (SGHC) Price Performance

Shares of NYSE SGHC traded down $0.20 during trading hours on Wednesday, reaching $11.79. The stock had a trading volume of 1,772,701 shares, compared to its average volume of 780,553. The business's fifty day moving average is $9.47 and its two-hundred day moving average is $7.93. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 43.66 and a beta of 1.09. Super Group has a twelve month low of $2.94 and a twelve month high of $12.17.

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

Super Group (SGHC) Announces Dividend

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

Institutional Investors Weigh In On Super Group (SGHC)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new stake in shares of Super Group (SGHC) during the fourth quarter worth $369,000. SG Americas Securities LLC raised its position in shares of Super Group (SGHC) by 105.6% during the first quarter. SG Americas Securities LLC now owns 140,931 shares of the company's stock worth $908,000 after acquiring an additional 72,380 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Super Group (SGHC) by 50.6% during the fourth quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock worth $4,252,000 after acquiring an additional 229,211 shares during the last quarter. Millennium Management LLC raised its position in shares of Super Group (SGHC) by 66.1% during the fourth quarter. Millennium Management LLC now owns 1,204,663 shares of the company's stock worth $7,505,000 after acquiring an additional 479,440 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Super Group (SGHC) by 35.7% during the fourth quarter. Renaissance Technologies LLC now owns 134,901 shares of the company's stock worth $840,000 after acquiring an additional 35,500 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.

About Super Group (SGHC)

(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.

Featured Stories

Analyst Recommendations for Super Group (SGHC) (NYSE:SGHC)

Should You Invest $1,000 in Super Group (SGHC) Right Now?

Before you consider Super Group (SGHC), you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Super Group (SGHC) wasn't on the list.

While Super Group (SGHC) currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines