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Super Group (SGHC) (NYSE:SGHC) Price Target Raised to $14.00

Super Group (SGHC) logo with Consumer Discretionary background

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

Other analysts have also issued reports about the company. 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 reiterated a "buy" rating and set a $12.00 price target on shares of Super Group (SGHC) in a report on Wednesday, April 16th. BTIG Research boosted their target price 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. Canaccord Genuity Group increased 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 report on Monday, May 12th. Finally, Craig Hallum set a $12.00 target price on Super Group (SGHC) in a report on Monday, May 19th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Super Group (SGHC) presently has a consensus rating of "Buy" and an average target price of $12.50.

View Our Latest Stock Report on SGHC

Super Group (SGHC) Price Performance

Super Group (SGHC) stock traded down $0.27 during trading hours on Wednesday, hitting $11.52. 1,559,726 shares of the stock traded hands, compared to its average volume of 783,657. The firm's 50 day moving average price is $9.47 and its 200-day moving average price is $7.93. The stock has a market capitalization of $5.80 billion, a price-to-earnings 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 announced its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The company 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%. Research analysts forecast that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

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

Institutional Investors Weigh In On Super Group (SGHC)

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new stake in shares of Super Group (SGHC) during the fourth quarter worth about $369,000. SG Americas Securities LLC grew its position in 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 buying an additional 72,380 shares during the period. Nuveen Asset Management LLC increased its holdings in Super Group (SGHC) by 50.6% in the fourth quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock valued at $4,252,000 after buying an additional 229,211 shares in the last quarter. Millennium Management LLC lifted its position in shares of Super Group (SGHC) by 66.1% during the 4th quarter. Millennium Management LLC now owns 1,204,663 shares of the company's stock valued at $7,505,000 after acquiring an additional 479,440 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Super Group (SGHC) by 35.7% during the 4th quarter. Renaissance Technologies LLC now owns 134,901 shares of the company's stock worth $840,000 after acquiring an additional 35,500 shares in the last quarter. Hedge funds and other institutional investors 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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