Super Group (NYSE:SGHC) Price Target Raised to $11.00 at Needham & Company LLC

Super Group (NYSE:SGHC) had its price target boosted by Needham & Company LLC from $10.00 to $11.00 in a research note released on Thursday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Oppenheimer increased their target price on Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and set a $12.00 price objective on shares of Super Group in a research report on Wednesday, April 16th. BTIG Research assumed coverage on Super Group in a research report on Friday, March 28th. They set a “buy” rating and a $9.00 target price on the stock. Finally, Canaccord Genuity Group boosted their target price on Super Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Super Group presently has a consensus rating of “Buy” and an average target price of $11.40.

Super Group Stock Performance

Shares of Super Group stock opened at $8.65 on Thursday. The business has a 50-day simple moving average of $7.40 and a 200-day simple moving average of $6.89. Super Group has a one year low of $2.91 and a one year high of $9.17. The company has a market cap of $4.35 billion, a PE ratio of 144.19 and a beta of 1.01.

Super Group (NYSE:SGHC) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping 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 company had revenue of $495.96 million during the quarter, compared to the consensus estimate of $423.91 million. On average, sell-side analysts predict that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were given a dividend of $0.04 per share. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 10th. Super Group’s dividend payout ratio (DPR) is currently 59.26%.

Institutional Trading of Super Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Super Group by 106.0% during the third quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company’s stock worth $824,000 after buying an additional 116,740 shares during the period. SG Americas Securities LLC raised its position in Super Group by 40.1% in the 4th quarter. SG Americas Securities LLC now owns 68,551 shares of the company’s stock valued at $427,000 after purchasing an additional 19,631 shares during the last quarter. DGS Capital Management LLC acquired a new stake in Super Group during the 4th quarter worth $73,000. Helikon Investments Ltd grew its position in Super Group by 82.5% during the 4th 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 during the last quarter. Finally, Rhumbline Advisers increased its stake in Super Group by 10.4% in the fourth quarter. Rhumbline Advisers now owns 194,146 shares of the company’s stock valued at $1,210,000 after purchasing an additional 18,248 shares during the period. 5.09% of the stock is owned by hedge funds and other institutional investors.

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.