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

Super Group (NYSE:SGHC) had its price objective upped by Needham & Company LLC from $10.00 to $11.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. Canaccord Genuity Group boosted their target price on Super Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday. Benchmark reiterated a “buy” rating and issued a $12.00 price objective on shares of Super Group in a research report on Wednesday, April 16th. BTIG Research assumed coverage on Super Group in a report on Friday, March 28th. They issued a “buy” rating and a $9.00 target price for the company. Finally, Oppenheimer upped their price target on shares of Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Super Group has a consensus rating of “Buy” and a consensus price target of $11.40.

Super Group Price Performance

NYSE:SGHC opened at $8.65 on Thursday. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 144.19 and a beta of 1.01. The firm’s fifty day moving average price is $7.40 and its 200 day moving average price is $6.89. Super Group has a 1-year low of $2.91 and a 1-year high of $9.17.

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

Super Group Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a $0.04 dividend. This represents a yield of 3.6%. The ex-dividend date of this dividend was Monday, March 10th. Super Group’s payout ratio is currently 59.26%.

Institutional Trading of Super Group

A number of institutional investors have recently bought and sold shares of SGHC. AQR Capital Management LLC increased its position in shares of Super Group by 235.3% in the first quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock valued at $1,082,000 after buying an additional 117,869 shares in the last quarter. PDT Partners LLC grew its stake in Super Group by 114.1% in the 1st quarter. PDT Partners LLC now owns 82,425 shares of the company’s stock valued at $531,000 after acquiring an additional 43,928 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Super Group during the 1st quarter valued at about $1,629,000. Graham Capital Management L.P. purchased a new position in Super Group during the 1st quarter valued at about $646,000. Finally, Quarry LP raised its position in Super Group by 364.3% during the first quarter. Quarry LP now owns 3,988 shares of the company’s stock worth $26,000 after acquiring an additional 3,129 shares during the last quarter. 5.09% of the stock is currently owned by hedge funds and other 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.