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

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.

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

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.