Needham & Company LLC Boosts Super Group (NYSE:SGHC) Price Target to $7.00

Super Group (NYSE:SGHC) had its price target hoisted by equities research analysts at Needham & Company LLC from $6.00 to $7.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 41.99% from the stock’s previous close.

Several other analysts have also recently commented on SGHC. Benchmark reaffirmed a “buy” rating and issued a $5.00 target price on shares of Super Group in a research report on Thursday, August 8th. Oppenheimer raised Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 target price for the company in a research report on Thursday.

Super Group Stock Up 17.7 %

SGHC opened at $4.93 on Thursday. The firm has a market cap of $2.45 billion, a PE ratio of 82.17 and a beta of 0.67. The business has a fifty day simple moving average of $3.82 and a 200-day simple moving average of $3.56. Super Group has a fifty-two week low of $2.63 and a fifty-two week high of $5.07.

Super Group (NYSE:SGHC) last issued its earnings results on Wednesday, August 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). The business had revenue of $446.44 million during the quarter, compared to analyst estimates of $436.89 million. Super Group had a return on equity of 12.17% and a net margin of 2.42%. On average, equities research analysts anticipate that Super Group will post 0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Super Group

Institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in Super Group during the first quarter valued at about $31,000. Bleakley Financial Group LLC bought a new position in Super Group during the first quarter valued at about $47,000. Algert Global LLC raised its holdings in Super Group by 54.5% during the second quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after buying an additional 6,711 shares in the last quarter. Burns Matteson Capital Management LLC bought a new position in Super Group during the third quarter valued at about $70,000. Finally, AQR Capital Management LLC bought a new position in Super Group during the second quarter valued at about $77,000. 5.09% of the stock is currently owned by institutional investors.

Super Group 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.