Super Group (NYSE:SGHC) Price Target Raised to $11.00

Super Group (NYSE:SGHC) had its target price upped by BTIG Research from $9.00 to $11.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also weighed in on SGHC. Benchmark reaffirmed a “buy” rating and issued a $12.00 price target on shares of Super Group in a research note on Wednesday, April 16th. Craig Hallum set a $12.00 price target on shares of Super Group in a research note on Monday, May 19th. Needham & Company LLC upped their price target on shares of Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Finally, Canaccord Genuity Group upped their price target on shares of Super Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $11.83.

Super Group Stock Down 1.4%

Super Group stock opened at $9.49 on Wednesday. The firm has a 50-day moving average price of $8.29 and a two-hundred day moving average price of $7.41. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 158.18 and a beta of 1.01. Super Group has a 52-week low of $2.91 and a 52-week high of $9.62.

Super Group (NYSE:SGHC) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $495.96 million during the quarter, compared to analyst estimates of $423.91 million. Super Group had a net margin of 2.25% and a return on equity of 15.40%. Research analysts expect that Super Group will post 0.29 earnings per share for the current year.

Institutional Trading of Super Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SGHC. Quarry LP raised its holdings in shares of Super Group by 364.3% in the 1st quarter. Quarry LP now owns 3,988 shares of the company’s stock worth $26,000 after purchasing an additional 3,129 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Super Group by 4,606.6% in the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company’s stock worth $28,000 after purchasing an additional 4,192 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Super Group in the 4th quarter worth approximately $30,000. Pacer Advisors Inc. raised its holdings in shares of Super Group by 56.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company’s stock worth $30,000 after purchasing an additional 1,662 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Super Group by 95.9% in the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company’s stock worth $35,000 after purchasing an additional 2,662 shares in the last quarter. 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.