Benchmark Reaffirms “Buy” Rating for Super Group (NYSE:SGHC)

Super Group (NYSE:SGHC)‘s stock had its “buy” rating restated by investment analysts at Benchmark in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $12.00 target price on the stock. Benchmark’s price target would indicate a potential upside of 64.68% from the stock’s previous close.

Several other equities research analysts also recently commented on SGHC. Canaccord Genuity Group increased their price objective on Super Group from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. BTIG Research assumed coverage on Super Group in a report on Friday, March 28th. They set a “buy” rating and a $9.00 price target for the company. Needham & Company LLC raised their target price on shares of Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, Oppenheimer increased their price target on Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Super Group currently has an average rating of “Buy” and an average target price of $10.60.

Super Group Stock Down 0.3 %

Shares of SGHC stock traded down $0.02 during trading on Wednesday, reaching $7.29. The company’s stock had a trading volume of 22,835 shares, compared to its average volume of 835,067. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 121.29 and a beta of 1.05. Super Group has a one year low of $2.90 and a one year high of $8.51. The business has a fifty day moving average price of $7.21 and a 200-day moving average price of $6.27.

Super Group (NYSE:SGHC) last announced its quarterly earnings data on Thursday, April 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04. The company had revenue of $517.61 million during the quarter, compared to analysts’ expectations of $413.00 million. Super Group had a return on equity of 15.40% and a net margin of 2.25%. Research analysts anticipate that Super Group will post 0.29 EPS for the current year.

Institutional Trading of Super Group

A number of hedge funds have recently made changes to their positions in the company. Summit Investment Advisors Inc. lifted its holdings in shares of Super Group by 17.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,676 shares of the company’s stock worth $98,000 after purchasing an additional 2,307 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Super Group by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,279 shares of the company’s stock worth $531,000 after acquiring an additional 2,997 shares during the period. Tudor Investment Corp ET AL boosted its holdings in Super Group by 7.8% in the fourth quarter. Tudor Investment Corp ET AL now owns 41,773 shares of the company’s stock valued at $260,000 after acquiring an additional 3,022 shares during the last quarter. HighTower Advisors LLC increased its position in Super Group by 22.7% during the 3rd quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock valued at $78,000 after purchasing an additional 3,993 shares during the period. Finally, Principal Street Partners LLC raised its holdings in Super Group by 22.7% during the 4th quarter. Principal Street Partners LLC now owns 21,576 shares of the company’s stock worth $134,000 after purchasing an additional 3,993 shares during the last quarter. 5.09% of the stock is owned by institutional investors and hedge funds.

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.