Benchmark Raises Super Group (NYSE:SGHC) Price Target to $6.00

Super Group (NYSE:SGHC) had its price target boosted by Benchmark from $5.00 to $6.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. Oppenheimer raised shares of Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 price target on the stock in a research note on Thursday. Needham & Company LLC upped their price objective on Super Group from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday.

Super Group Stock Performance

Shares of Super Group stock remained flat at $5.36 during midday trading on Thursday. The company had a trading volume of 524,220 shares, compared to its average volume of 419,748. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 89.35 and a beta of 0.67. The firm has a 50 day simple moving average of $3.86 and a 200 day simple moving average of $3.57. Super Group has a 1-year low of $2.63 and a 1-year high of $5.50.

Super Group (NYSE:SGHC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $446.44 million during the quarter, compared to the consensus estimate of $436.89 million. Super Group had a net margin of 2.25% and a return on equity of 15.51%. As a group, sell-side analysts anticipate that Super Group will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its stake in shares of Super Group by 82.1% during the second quarter. Renaissance Technologies LLC now owns 295,600 shares of the company’s stock valued at $955,000 after purchasing an additional 133,300 shares in the last quarter. Helikon Investments Ltd bought a new position in shares of Super Group during the third quarter valued at $6,431,000. Vanguard Group Inc. lifted its holdings in shares of Super Group by 7.8% during the first quarter. Vanguard Group Inc. now owns 859,109 shares of the company’s stock worth $2,964,000 after purchasing an additional 61,937 shares during the period. Gabelli Funds LLC bought a new stake in shares of Super Group in the first quarter worth $138,000. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Super Group by 318.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 118,651 shares of the company’s stock valued at $409,000 after buying an additional 90,289 shares during the last quarter. 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.