Super Group (NYSE:SGHC - Free Report) had its price objective boosted by Canaccord Genuity Group from $12.00 to $14.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.
A number of other research firms also recently issued reports on SGHC. BTIG Research initiated coverage on shares of Super Group in a report on Friday, March 28th. They issued a "buy" rating and a $9.00 target price for the company. Oppenheimer boosted their target price on shares of Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Benchmark restated a "buy" rating and issued a $12.00 target price on shares of Super Group in a report on Wednesday, April 16th. Finally, Needham & Company LLC boosted their price objective on shares of Super Group from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $11.40.
View Our Latest Stock Report on Super Group
Super Group Stock Down 3.2%
Shares of NYSE:SGHC traded down $0.27 during trading on Monday, reaching $8.38. The stock had a trading volume of 865,482 shares, compared to its average volume of 652,333. The business has a fifty day moving average price of $7.43 and a 200-day moving average price of $6.92. The stock has a market cap of $4.22 billion, a P/E ratio of 139.64 and a beta of 1.01. Super Group has a fifty-two week low of $2.91 and a fifty-two week high of $9.17.
Super Group (NYSE:SGHC - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $495.96 million during the quarter, compared to the consensus estimate of $423.91 million. As a group, equities analysts forecast that Super Group will post 0.29 EPS for the current year.
Super Group Dividend Announcement
The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Shareholders 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 yield of 3.6%. Super Group's dividend payout ratio is currently 59.26%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in SGHC. Barclays PLC boosted its stake in shares of Super Group by 141.1% in the third quarter. Barclays PLC now owns 269,435 shares of the company's stock valued at $978,000 after purchasing an additional 157,693 shares during the period. JPMorgan Chase & Co. raised its holdings in Super Group by 106.0% in the third quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company's stock valued at $824,000 after acquiring an additional 116,740 shares in the last quarter. SG Americas Securities LLC raised its holdings in Super Group by 40.1% in the fourth quarter. SG Americas Securities LLC now owns 68,551 shares of the company's stock valued at $427,000 after acquiring an additional 19,631 shares in the last quarter. DGS Capital Management LLC acquired a new stake in Super Group in the fourth quarter valued at $73,000. Finally, Helikon Investments Ltd raised its holdings in Super Group by 82.5% in the fourth quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company's stock valued at $20,148,000 after acquiring an additional 1,462,418 shares in the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.
About Super Group
(
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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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