Super Group Limited (NYSE:SGHC) Receives $11.40 Consensus PT from Brokerages

Super Group Limited (NYSE:SGHC - Get Free Report) has been assigned a consensus rating of "Buy" from the six analysts that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $11.50.

SGHC has been the topic of several recent analyst reports. Craig Hallum set a $12.00 target price on shares of Super Group in a research report on Monday, May 19th. BTIG Research began coverage on Super Group in a research report on Friday, March 28th. They set a "buy" rating and a $9.00 price target for the company. Canaccord Genuity Group lifted their price target on Super Group from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Oppenheimer upped their price objective on Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Finally, Needham & Company LLC raised their target price on Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Thursday, May 15th.

Super Group Stock Up 0.5%

NYSE:SGHC traded up $0.04 during trading hours on Wednesday, hitting $8.41. 1,195,994 shares of the company traded hands, compared to its average volume of 652,081. The company has a market cap of $4.23 billion, a PE ratio of 140.19 and a beta of 1.01. The firm's 50-day simple moving average is $7.60 and its 200-day simple moving average is $7.10. Super Group has a one year low of $2.91 and a one year high of $9.17.

Super Group (NYSE:SGHC - Get Free Report) last released its quarterly 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 had a net margin of 2.25% and a return on equity of 15.40%. The company had revenue of $495.96 million for the quarter, compared to analyst estimates of $423.91 million. As a group, equities research analysts expect 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. Investors of record on Monday, March 10th were given a $0.04 dividend. The ex-dividend date was Monday, March 10th. This represents a dividend yield of 3.6%. Super Group's dividend payout ratio (DPR) is presently 59.26%.

Institutional Investors Weigh In On Super Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC increased its stake in Super Group by 66.7% in the first quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company's stock valued at $7,379,000 after acquiring an additional 459,485 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Super Group in the 1st quarter worth about $1,523,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Super Group during the 1st quarter valued at about $483,000. Petrus Trust Company LTA purchased a new position in shares of Super Group during the 1st quarter valued at about $230,000. Finally, PharVision Advisers LLC bought a new stake in Super Group in the 1st quarter worth approximately $71,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

Super Group Company Profile

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.