Super Group (NYSE:SGHC - Get Free Report) had its price objective increased by stock analysts at Benchmark from $5.00 to $6.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Benchmark's price objective would indicate a potential upside of 11.94% from the stock's previous close.
Other equities analysts have also issued reports about the company. Needham & Company LLC upped their target price on Super Group from $6.00 to $7.00 and gave the company a "buy" rating in a report on Thursday. 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 report on Thursday.
Check Out Our Latest Stock Report on SGHC
Super Group Trading Up 8.7 %
NYSE SGHC traded up $0.43 on Thursday, hitting $5.36. 1,214,121 shares of the stock traded hands, compared to its average volume of 419,261. The stock has a 50-day moving average of $3.82 and a 200 day moving average of $3.56. Super Group has a twelve month low of $2.63 and a twelve month high of $5.50. The company has a market capitalization of $2.67 billion, a P/E ratio of 88.33 and a beta of 0.67.
Super Group (NYSE:SGHC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). Super Group had a net margin of 2.42% and a return on equity of 12.17%. The firm had revenue of $446.44 million for the quarter, compared to analyst estimates of $436.89 million. As a group, equities research analysts expect that Super Group will post 0.25 earnings per share for the current year.
Hedge Funds Weigh In On Super Group
Several institutional investors have recently made changes to their positions in SGHC. Acadian Asset Management LLC bought a new position in Super Group in the 1st quarter worth approximately $31,000. Bleakley Financial Group LLC bought a new position in Super Group in the 1st quarter worth approximately $47,000. Algert Global LLC grew its holdings in Super Group by 54.5% in the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company's stock worth $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 in the 3rd quarter worth approximately $70,000. Finally, AQR Capital Management LLC bought a new position in Super Group in the 2nd quarter worth approximately $77,000. 5.09% of the stock is owned by institutional investors.
About Super Group
(
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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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