Super Group (SGHC) Limited (NYSE:SGHC) Receives Average Recommendation of "Buy" from Brokerages

Shares of Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) have earned a consensus rating of "Buy" from the six ratings firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $11.83.

SGHC has been the topic of a number of research analyst reports. Benchmark reiterated a "buy" rating and issued a $12.00 target price on shares of Super Group (SGHC) in a report on Wednesday, April 16th. BTIG Research lifted their target price on Super Group (SGHC) from $9.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Canaccord Genuity Group lifted their target price on Super Group (SGHC) from $12.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. Needham & Company LLC lifted their target price on Super Group (SGHC) from $10.00 to $11.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Craig Hallum set a $12.00 price objective on Super Group (SGHC) in a research note on Monday, May 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SGHC. Millennium Management LLC lifted its stake in shares of Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock worth $17,628,000 after acquiring an additional 1,532,666 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Super Group (SGHC) by 500.9% in the fourth quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock worth $9,306,000 after acquiring an additional 1,245,185 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Super Group (SGHC) by 360.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company's stock worth $8,106,000 after acquiring an additional 1,018,664 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Super Group (SGHC) by 332.8% in the fourth quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company's stock worth $6,118,000 after acquiring an additional 755,044 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Super Group (SGHC) in the first quarter worth about $4,608,000. Institutional investors and hedge funds own 5.09% of the company's stock.

Super Group (SGHC) Stock Up 0.2%

Shares of NYSE:SGHC traded up $0.02 during midday trading on Friday, reaching $9.76. The company's stock had a trading volume of 817,534 shares, compared to its average volume of 709,184. Super Group has a 1 year low of $2.91 and a 1 year high of $9.96. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 36.13 and a beta of 1.01. The business has a 50 day moving average price of $8.47 and a 200 day moving average price of $7.48.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. The firm had revenue of $495.96 million for the quarter, compared to analysts' expectations of $423.91 million. Sell-side analysts anticipate that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Monday, June 23rd. Super Group (SGHC)'s dividend payout ratio is presently 59.26%.

About Super Group (SGHC)

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.