Super Group (NYSE:SGHC) Sets New 52-Week High After Analyst Upgrade

Super Group Limited (NYSE:SGHC - Get Free Report) reached a new 52-week high on Monday after Canaccord Genuity Group raised their price target on the stock from $11.00 to $12.00. Canaccord Genuity Group currently has a buy rating on the stock. Super Group traded as high as $8.55 and last traded at $8.63, with a volume of 9316 shares changing hands. The stock had previously closed at $8.48.

Other equities research analysts have also issued reports about the company. Needham & Company LLC upped their price target on Super Group from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. BTIG Research began coverage on Super Group in a report on Friday, March 28th. They issued a "buy" rating and a $9.00 target price for the company. Benchmark reiterated a "buy" rating and set a $12.00 price target on shares of Super Group in a report on Wednesday, April 16th. Finally, Oppenheimer upped their price objective 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. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Super Group presently has an average rating of "Buy" and an average price target of $10.80.

Institutional Investors Weigh In On Super Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in Super Group by 4,606.6% in the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock valued at $28,000 after buying an additional 4,192 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Super Group during the fourth quarter valued at about $30,000. Pacer Advisors Inc. raised its stake in shares of Super Group by 56.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock valued at $30,000 after acquiring an additional 1,662 shares during the period. Signaturefd LLC boosted its position in shares of Super Group by 95.9% during the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company's stock worth $35,000 after purchasing an additional 2,662 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Super Group in the 4th quarter valued at approximately $66,000. Hedge funds and other institutional investors own 5.09% of the company's stock.

Super Group Stock Up 4.0 %

The business has a 50-day simple moving average of $7.21 and a 200-day simple moving average of $6.71. The company has a market cap of $4.57 billion, a PE ratio of 151.36 and a beta of 1.01.

Super Group (NYSE:SGHC - Get Free Report) last posted its earnings results on Thursday, April 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. The firm had revenue of $517.61 million for the quarter, compared to analyst estimates of $413.00 million. Super Group had a return on equity of 15.40% and a net margin of 2.25%. As a group, equities research analysts predict that Super Group Limited will post 0.29 EPS for the current fiscal 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 issued a $0.04 dividend. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 10th. Super Group's dividend payout ratio (DPR) is currently 66.67%.

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.