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

Super Group (NYSE:SGHC)‘s stock had its “buy” rating restated by investment analysts at Benchmark in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $12.00 target price on the stock. Benchmark’s price objective points to a potential upside of 57.38% from the stock’s previous close.

Other research analysts also recently issued reports about the company. BTIG Research assumed coverage on Super Group in a research note on Friday, March 28th. They set a “buy” rating and a $9.00 price target on the stock. Needham & Company LLC upped their target price on Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Oppenheimer lifted their price target on shares of Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, Canaccord Genuity Group upped 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 Wednesday, February 26th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $10.60.

Super Group Stock Up 2.3 %

Shares of SGHC stock opened at $7.63 on Wednesday. The firm has a 50 day moving average of $7.18 and a 200-day moving average of $6.30. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 127.10 and a beta of 1.05. Super Group has a 52 week low of $2.90 and a 52 week high of $8.51.

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

Hedge Funds Weigh In On Super Group

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Super Group by 4,606.6% during the first quarter. GAMMA Investing LLC now owns 4,283 shares of the company’s stock valued at $28,000 after purchasing an additional 4,192 shares in 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 bought a new position in shares of Super Group during the 4th quarter worth approximately $66,000. Xponance Inc. purchased a new position in shares of Super Group in the 4th quarter worth approximately $67,000. Finally, DGS Capital Management LLC bought a new position in shares of Super Group in the fourth quarter valued at approximately $73,000. 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.