Super Group (SGHC) (NYSE:SGHC) Price Target Raised to $15.00 at Needham & Company LLC

Key Points

• Needham & Company LLC raised the price target for Super Group (SGHC) from $14.00 to $15.00, indicating a potential upside of 42.45% from the previous close.
• Super Group reported earnings of $0.12 per share, exceeding estimates by $0.03, with a revenue of $495.96 million for the last quarter.
• Seven analysts currently rate Super Group's stock as a buy, with a consensus price target of $13.88 according to MarketBeat data.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) had its price target upped by stock analysts at Needham & Company LLC from $14.00 to $15.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's price objective indicates a potential upside of 42.45% from the stock's previous close.

SGHC has been the subject of a number of other reports. Craig Hallum set a $12.00 price target on Super Group (SGHC) in a report on Monday, May 19th. Citigroup assumed coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They set an "outperform" rating on the stock. Canaccord Genuity Group upped their price objective on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Thursday. BTIG Research reissued a "buy" rating on shares of Super Group (SGHC) in a report on Tuesday, July 8th. Finally, Citizens Jmp started coverage on Super Group (SGHC) in a research report on Monday, July 14th. They set a "strong-buy" rating and a $15.00 price target on the stock. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $13.88.

Super Group (SGHC) Trading Down 2.4%

Shares of SGHC opened at $10.53 on Friday. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 38.50 and a beta of 1.08. The firm's fifty day simple moving average is $10.49 and its 200-day simple moving average is $8.64. Super Group has a twelve month low of $2.94 and a twelve month 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, topping analysts' consensus estimates 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 company had revenue of $495.96 million during the quarter, compared to the consensus estimate of $423.91 million. On average, analysts predict that Super Group will post 0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Super Group (SGHC)

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Super Group (SGHC) during the 1st quarter worth approximately $526,000. BNP Paribas Financial Markets purchased a new position in Super Group (SGHC) during the fourth quarter worth about $369,000. SG Americas Securities LLC boosted its stake 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 worth $908,000 after buying an additional 72,380 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Super Group (SGHC) by 50.6% during the 4th quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock worth $4,252,000 after acquiring an additional 229,211 shares during the period. Finally, Fiera Capital Corp acquired a new position in Super Group (SGHC) during the first quarter worth approximately $3,878,000. 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.

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