Benchmark Reiterates Buy Rating for Super Group (NYSE:SGHC)

Benchmark restated their buy rating on shares of Super Group (NYSE:SGHC) in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a $12.00 target price on the stock.

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

Super Group Stock Performance

Shares of SGHC opened at $7.47 on Wednesday. The firm has a market cap of $3.76 billion, a P/E ratio of 124.52 and a beta of 1.05. Super Group has a twelve month low of $2.90 and a twelve month high of $8.51. The firm’s 50 day moving average price is $7.19 and its two-hundred day moving average price is $6.28.

Super Group (NYSE:SGHC) last issued its quarterly earnings data on Thursday, April 3rd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $517.61 million for the quarter, compared to analyst estimates of $413.00 million. Super Group had a net margin of 2.25% and a return on equity of 15.40%. On average, sell-side analysts anticipate that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were paid a dividend of $0.04 per share. The ex-dividend date was Monday, March 10th. This represents a dividend yield of 3.6%. Super Group’s dividend payout ratio is presently 66.67%.

Institutional Investors Weigh In On Super Group

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its position in Super Group by 4,606.6% during the first quarter. GAMMA Investing LLC now owns 4,283 shares of the company’s stock worth $28,000 after buying an additional 4,192 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of Super Group during the 4th quarter worth approximately $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Super Group during the 4th quarter worth approximately $66,000. Xponance Inc. bought a new stake in Super Group in the 4th quarter valued at $67,000. Finally, DGS Capital Management LLC bought a new position in Super Group during the fourth quarter worth $73,000. 5.09% of the stock is currently 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.