Benchmark Forecasts Strong Price Appreciation for Super Group (NYSE:SGHC) Stock

Super Group (NYSE:SGHC) had its price objective lifted by research analysts at Benchmark from $5.00 to $6.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price objective points to a potential upside of 20.00% from the company’s previous close.

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

Super Group Stock Performance

Shares of SGHC opened at $5.00 on Thursday. The stock has a 50 day moving average price of $3.82 and a two-hundred day moving average price of $3.56. The firm has a market capitalization of $2.49 billion, a P/E ratio of 83.33 and a beta of 0.67. Super Group has a 52 week low of $2.63 and a 52 week high of $5.07.

Super Group (NYSE:SGHC) last issued 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 company had revenue of $446.44 million for the quarter, compared to the consensus estimate of $436.89 million. Super Group had a return on equity of 12.17% and a net margin of 2.42%. On average, equities analysts forecast that Super Group will post 0.25 earnings per share for the current year.

Hedge Funds Weigh In On Super Group

Institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in Super Group in the first quarter valued at approximately $31,000. Bleakley Financial Group LLC purchased a new stake in shares of Super Group during the first quarter worth $47,000. Algert Global LLC lifted its position in shares of Super Group by 54.5% during the second quarter. Algert Global LLC now owns 19,036 shares of the company’s stock worth $61,000 after acquiring an additional 6,711 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of Super Group during the third quarter worth $70,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Super Group during the second quarter worth $77,000. Hedge funds and other institutional investors 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.