Super Group (NYSE:SGHC – Free Report) had its price target raised by Needham & Company LLC from $6.00 to $7.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.
SGHC has been the subject of a number of other research reports. Benchmark reiterated a “buy” rating and issued a $5.00 target price on shares of Super Group in a report on Thursday, August 8th. Oppenheimer raised Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 price target on the stock in a research report on Thursday.
Check Out Our Latest Report on SGHC
Super Group Price Performance
Super Group (NYSE:SGHC – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). The company had revenue of $446.44 million during the quarter, compared to analysts’ expectations of $436.89 million. Super Group had a return on equity of 15.51% and a net margin of 2.25%. As a group, equities research analysts anticipate that Super Group will post 0.25 EPS for the current fiscal year.
Institutional Investors Weigh In On Super Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in SGHC. Caprock Group LLC increased its stake in shares of Super Group by 2.8% during the third quarter. Caprock Group LLC now owns 71,933 shares of the company’s stock worth $261,000 after purchasing an additional 1,959 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Super Group by 13.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,112 shares of the company’s stock valued at $135,000 after purchasing an additional 4,715 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Super Group by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock worth $176,000 after acquiring an additional 5,005 shares during the last quarter. Algert Global LLC increased its stake in shares of Super Group by 54.5% in the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock worth $61,000 after acquiring an additional 6,711 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Super Group in the first quarter worth approximately $31,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.
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.
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