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

Super Group (NYSE:SGHC) had its price target upped by BTIG Research from $9.00 to $11.00 in a research note released on Wednesday,Benzinga reports. BTIG Research currently has a buy rating on the stock.

SGHC has been the topic of several other research reports. Benchmark reaffirmed a “buy” rating and set a $12.00 price target on shares of Super Group in a research note on Wednesday, April 16th. Needham & Company LLC raised their price objective on shares of Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Canaccord Genuity Group raised their price objective on shares of Super Group from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, May 12th. Finally, Craig Hallum set a $12.00 price objective on shares of Super Group in a report on Monday, May 19th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $11.83.

Super Group Stock Down 1.4%

NYSE:SGHC opened at $9.49 on Wednesday. The firm’s 50 day moving average is $8.29 and its two-hundred day moving average is $7.41. Super Group has a fifty-two week low of $2.91 and a fifty-two week high of $9.62. The company has a market cap of $4.78 billion, a P/E ratio of 158.18 and a beta of 1.01.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets acquired a new position in shares of Super Group in the 4th quarter valued at about $369,000. Nuveen Asset Management LLC boosted its holdings in shares of Super Group by 50.6% in the 4th quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company’s stock valued at $4,252,000 after buying an additional 229,211 shares during the period. Millennium Management LLC boosted its holdings in shares of Super Group by 66.1% in the 4th quarter. Millennium Management LLC now owns 1,204,663 shares of the company’s stock valued at $7,505,000 after buying an additional 479,440 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Super Group by 35.7% in the 4th quarter. Renaissance Technologies LLC now owns 134,901 shares of the company’s stock valued at $840,000 after buying an additional 35,500 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Super Group by 360.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company’s stock valued at $8,106,000 after buying an additional 1,018,664 shares during the period. 5.09% of the stock is owned by institutional investors and hedge funds.

About Super Group

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.