Super Group (SGHC) (NYSE:SGHC) Price Target Raised to $15.00

Key Points

• Benchmark raised the price target for Super Group (SGHC) from $14.00 to $15.00, indicating a potential upside of 39.17% from its current stock price.
• Super Group recently reported earnings per share of $0.12, surpassing analyst expectations of $0.09, and generated revenue of $495.96 million, exceeding predictions of $423.91 million.
• Seven analysts have rated Super Group as a buy, while three have given it a strong buy rating, contributing to an average rating of "Buy" with a consensus price target of $13.50.

Super Group (SGHC) (NYSE:SGHC - Free Report) had its price objective hoisted by Benchmark from $14.00 to $15.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently weighed in on the stock. BTIG Research restated a "buy" rating on shares of Super Group (SGHC) in a research note on Tuesday, July 8th. Wall Street Zen raised Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. Needham & Company LLC upped their price objective on Super Group (SGHC) from $11.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Canaccord Genuity Group increased their target price on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Citigroup started coverage on Super Group (SGHC) in a research note on Monday, July 14th. They set an "outperform" rating on the stock. Seven analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Super Group (SGHC) currently has a consensus rating of "Buy" and an average price target of $13.88.

Super Group (SGHC) Price Performance

Shares of SGHC stock traded up $0.34 during trading hours on Thursday, reaching $10.72. 1,214,205 shares of the company traded hands, compared to its average volume of 1,572,364. The firm has a 50-day moving average price of $10.53 and a 200 day moving average price of $8.67. The company has a market cap of $5.40 billion, a P/E ratio of 39.70 and a beta of 1.08. Super Group has a 12-month low of $2.94 and a 12-month high of $12.18.

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

Super Group (SGHC) Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, June 23rd. Super Group (SGHC)'s dividend payout ratio (DPR) is currently 59.26%.

Institutional Trading of Super Group (SGHC)

A number of large investors have recently added to or reduced their stakes in the company. Sei Investments Co. bought a new position in shares of Super Group (SGHC) during the 4th quarter valued at approximately $479,000. JPMorgan Chase & Co. increased its position in Super Group (SGHC) by 332.8% in the fourth quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company's stock worth $6,118,000 after purchasing an additional 755,044 shares during the last quarter. Trexquant Investment LP purchased a new stake in Super Group (SGHC) during the fourth quarter valued at $456,000. Wells Fargo & Company MN lifted its position in Super Group (SGHC) by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 70,017 shares of the company's stock valued at $436,000 after purchasing an additional 23,865 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Super Group (SGHC) by 24.1% in the 4th quarter. Russell Investments Group Ltd. now owns 23,975 shares of the company's stock worth $149,000 after buying an additional 4,661 shares in the last quarter. 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.