Super Group (SGHC) (NYSE:SGHC) Price Target Raised to $18.00 at Benchmark

Key Points

• Super Group (SGHC) has had its price target raised from $16.00 to $18.00 by Benchmark, indicating a potential upside of 40.19% from its previous close.
• The stock currently holds a consensus rating of "Buy" with a consensus price target of $14.56, while various research firms have issued differing ratings.
• Despite missing earnings estimates with reported EPS of $0.11 against a consensus of $0.13, Super Group achieved higher revenue than expected at $579 million.

Super Group (SGHC) (NYSE:SGHC - Free Report) had its price target upped by Benchmark from $16.00 to $18.00 in a report published on Thursday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

SGHC has been the subject of several other research reports. Needham & Company LLC lifted their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, August 8th. BTIG Research reiterated a "buy" rating on shares of Super Group (SGHC) in a research note on Tuesday, July 8th. Citigroup started coverage on shares of Super Group (SGHC) in a research report on Monday, July 14th. They set an "outperform" rating for the company. Wall Street Zen downgraded shares of Super Group (SGHC) from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, JMP Securities started coverage on shares of Super Group (SGHC) in a research report on Monday, July 14th. They issued a "market outperform" rating and a $15.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat.com, Super Group (SGHC) has an average rating of "Buy" and a consensus price target of $15.40.

Super Group (SGHC) Stock Performance

SGHC stock traded up $1.05 during trading on Thursday, reaching $12.81. The company had a trading volume of 2,693,008 shares, compared to its average volume of 1,459,064. Super Group has a twelve month low of $3.44 and a twelve month high of $13.71. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 48.98 and a beta of 1.09. The firm has a 50-day simple moving average of $11.63 and a 200-day simple moving average of $9.54.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. The firm had revenue of $579.00 million for the quarter, compared to analyst estimates of $503.00 million. Sell-side analysts expect that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Thursday, September 18th will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.2%. Super Group (SGHC)'s dividend payout ratio is presently 61.54%.

Institutional Trading of Super Group (SGHC)

Several hedge funds and other institutional investors have recently modified their holdings of SGHC. Ameriprise Financial Inc. acquired a new position in shares of Super Group (SGHC) in the 4th quarter worth approximately $122,000. BNP Paribas Financial Markets acquired a new stake in Super Group (SGHC) in the fourth quarter valued at approximately $369,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Super Group (SGHC) by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,279 shares of the company's stock valued at $531,000 after purchasing an additional 2,997 shares in the last quarter. Millennium Management LLC boosted its stake in Super Group (SGHC) by 66.1% in the fourth 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 last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of 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 purchasing an additional 229,211 shares during the period. 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.