Super Group (SGHC) (NYSE:SGHC - Free Report) had its target price boosted by Needham & Company LLC from $11.00 to $14.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.
A number of other research firms have also recently issued reports on SGHC. Wall Street Zen cut shares of Super Group (SGHC) from a "strong-buy" rating to a "buy" rating in a report on Friday, June 27th. Canaccord Genuity Group raised their price target on shares of Super Group (SGHC) from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Benchmark restated a "buy" rating and set a $12.00 price target on shares of Super Group (SGHC) in a research note on Wednesday, April 16th. BTIG Research raised their price target on shares of Super Group (SGHC) from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Finally, Craig Hallum set a $12.00 price target on shares of Super Group (SGHC) in a research note on Monday, May 19th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Super Group (SGHC) currently has a consensus rating of "Buy" and an average target price of $12.50.
Read Our Latest Stock Analysis on SGHC
Super Group (SGHC) Trading Up 5.3%
Super Group (SGHC) stock traded up $0.60 during mid-day trading on Wednesday, hitting $12.00. 1,929,079 shares of the company's stock were exchanged, compared to its average volume of 772,717. The stock has a market cap of $6.04 billion, a P/E ratio of 44.44 and a beta of 1.09. Super Group has a 1-year low of $2.94 and a 1-year high of $12.03. The stock has a 50 day moving average of $9.32 and a two-hundred day moving average of $7.86.
Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $495.96 million for the quarter, compared to the consensus estimate of $423.91 million. Super Group (SGHC) had a net margin of 7.02% and a return on equity of 33.88%. As a group, research analysts predict that Super Group will post 0.29 EPS for the current fiscal year.
Super Group (SGHC) Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Monday, June 23rd. Super Group (SGHC)'s payout ratio is 59.26%.
Institutional Trading of Super Group (SGHC)
Several hedge funds have recently modified their holdings of SGHC. Pacer Advisors Inc. increased its holdings in shares of Super Group (SGHC) by 56.6% in the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock valued at $30,000 after purchasing an additional 1,662 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Super Group (SGHC) by 17.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,676 shares of the company's stock valued at $98,000 after purchasing an additional 2,307 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Super Group (SGHC) by 95.9% in the first quarter. Signaturefd LLC now owns 5,439 shares of the company's stock valued at $35,000 after purchasing an additional 2,662 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Super Group (SGHC) by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,279 shares of the company's stock valued at $531,000 after purchasing an additional 2,997 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in shares of Super Group (SGHC) by 7.8% in the fourth quarter. Tudor Investment Corp ET AL now owns 41,773 shares of the company's stock valued at $260,000 after purchasing an additional 3,022 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company's stock.
Super Group (SGHC) Company Profile
(
Get Free Report)
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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