Super Group's (SGHC) Buy Rating Reaffirmed at Benchmark

Super Group (NYSE:SGHC - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Benchmark in a report released on Wednesday,Benzinga reports. They currently have a $12.00 price target on the stock. Benchmark's target price indicates a potential upside of 57.38% from the company's previous close.

A number of other research firms have also recently weighed in on SGHC. Canaccord Genuity Group upped their price objective on shares of Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Needham & Company LLC increased their price target on Super Group from $9.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Oppenheimer lifted their price objective on Super Group from $9.00 to $11.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Finally, BTIG Research started coverage on Super Group in a research note on Friday, March 28th. They set a "buy" rating and a $9.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $10.60.

Super Group Trading Up 2.3 %

NYSE:SGHC traded up $0.18 during mid-day trading on Wednesday, hitting $7.63. The company had a trading volume of 810,596 shares, compared to its average volume of 605,222. Super Group has a 1 year low of $2.90 and a 1 year high of $8.51. The business has a fifty day simple moving average of $7.17 and a 200-day simple moving average of $6.33. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 127.10 and a beta of 1.05.

Super Group (NYSE:SGHC - Get Free Report) last released its quarterly earnings results on Thursday, April 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. Super Group had a return on equity of 15.40% and a net margin of 2.25%. The firm had revenue of $517.61 million for the quarter, compared to analyst estimates of $413.00 million. As a group, research analysts anticipate that Super Group will post 0.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGHC. American Century Companies Inc. grew its holdings in Super Group by 19.4% in the 4th quarter. American Century Companies Inc. now owns 4,353,121 shares of the company's stock worth $27,120,000 after buying an additional 707,723 shares in the last quarter. Helikon Investments Ltd grew its stake in shares of Super Group by 82.5% in the fourth quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company's stock worth $20,148,000 after purchasing an additional 1,462,418 shares in the last quarter. State Street Corp increased its holdings in shares of Super Group by 8.5% during the third quarter. State Street Corp now owns 2,490,833 shares of the company's stock valued at $9,042,000 after purchasing an additional 194,460 shares during the period. Geode Capital Management LLC raised its stake in shares of Super Group by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,742,924 shares of the company's stock valued at $6,327,000 after purchasing an additional 14,507 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Super Group by 500.9% in the fourth quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock worth $9,306,000 after purchasing an additional 1,245,185 shares during the period. Institutional investors and hedge funds own 5.09% of the company's stock.

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.