Needham & Company LLC Boosts Super Group (SGHC) (NYSE:SGHC) Price Target to $14.00

Super Group (SGHC) (NYSE:SGHC - Free Report) had its price objective boosted by Needham & Company LLC from $11.00 to $14.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on SGHC. Canaccord Genuity Group lifted their price target on Super Group (SGHC) from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Wall Street Zen lowered Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 27th. Benchmark reissued a "buy" rating and set a $12.00 price objective on shares of Super Group (SGHC) in a research note on Wednesday, April 16th. Craig Hallum set a $12.00 price objective on Super Group (SGHC) in a research note on Monday, May 19th. Finally, BTIG Research boosted their price objective on Super Group (SGHC) from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $12.50.

Super Group (SGHC) Stock Performance

Shares of NYSE:SGHC traded down $0.27 during trading on Wednesday, reaching $11.52. The stock had a trading volume of 1,559,726 shares, compared to its average volume of 785,891. The business has a fifty day moving average price of $9.53 and a 200-day moving average price of $7.98. The stock has a market cap of $5.80 billion, a PE ratio of 42.67 and a beta of 1.09. Super Group has a 1-year low of $2.94 and a 1-year high of $12.18.

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

Super Group (SGHC) Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Monday, June 23rd. Super Group (SGHC)'s dividend payout ratio (DPR) is presently 59.26%.

Hedge Funds Weigh In On Super Group (SGHC)

Several large investors have recently modified their holdings of SGHC. Allspring Global Investments Holdings LLC acquired a new stake in Super Group (SGHC) in the 1st quarter valued at about $526,000. BNP Paribas Financial Markets acquired a new stake in Super Group (SGHC) in the 4th quarter valued at about $369,000. SG Americas Securities LLC raised its position in Super Group (SGHC) by 105.6% in the 1st quarter. SG Americas Securities LLC now owns 140,931 shares of the company's stock valued at $908,000 after purchasing an additional 72,380 shares in the last quarter. Nuveen Asset Management LLC raised its position in Super Group (SGHC) by 50.6% in the 4th quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock valued at $4,252,000 after purchasing an additional 229,211 shares in the last quarter. Finally, Millennium Management LLC raised its position in Super Group (SGHC) by 66.1% in the 4th quarter. Millennium Management LLC now owns 1,204,663 shares of the company's stock valued at $7,505,000 after purchasing an additional 479,440 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.

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.