Super Group (SGHC) (NYSE:SGHC) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Super Group (SGHC) (NYSE:SGHC - Get Free Report) had its target price hoisted by analysts at Canaccord Genuity Group from $14.00 to $15.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's target price suggests a potential upside of 25.00% from the company's previous close.

A number of other analysts also recently commented on the stock. BTIG Research increased their price objective on shares of Super Group (SGHC) from $9.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Needham & Company LLC raised their target price on Super Group (SGHC) from $11.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday. Craig Hallum set a $12.00 price objective on shares of Super Group (SGHC) in a report on Monday, May 19th. 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. Finally, Benchmark reissued a "buy" rating and issued a $12.00 price target 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 company's stock. Based on data from MarketBeat.com, Super Group (SGHC) currently has a consensus rating of "Buy" and an average price target of $12.50.

Super Group (SGHC) Trading Up 5.3%

Shares of NYSE SGHC traded up $0.60 during trading on Wednesday, reaching $12.00. 1,929,079 shares of the company traded hands, compared to its average volume of 774,383. Super Group has a 12-month low of $2.94 and a 12-month high of $12.03. The stock has a market cap of $6.04 billion, a P/E ratio of 44.44 and a beta of 1.09. The firm's fifty day simple moving average is $9.40 and its 200 day simple moving average is $7.89.

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 for the quarter, beating the consensus estimate of $0.09 by $0.03. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. The firm had revenue of $495.96 million during the quarter, compared to analyst estimates of $423.91 million. As a group, research analysts expect that Super Group will post 0.29 EPS for the current year.

Hedge Funds Weigh In On Super Group (SGHC)

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new position in shares of Super Group (SGHC) during the fourth quarter worth $369,000. SG Americas Securities LLC grew 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 acquiring an additional 72,380 shares in the last quarter. Nuveen Asset Management LLC increased its stake in 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 purchasing an additional 229,211 shares during the period. Millennium Management LLC lifted 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 purchasing an additional 479,440 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Super Group (SGHC) by 35.7% in the fourth quarter. Renaissance Technologies LLC now owns 134,901 shares of the company's stock valued at $840,000 after purchasing an additional 35,500 shares during the period. Hedge funds and other institutional investors 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.