Super Group (NYSE:SGHC) Sets New 1-Year High After Analyst Upgrade

Super Group Limited (NYSE:SGHC - Get Free Report)'s stock price 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 traded. The stock had previously closed at $8.48.

Several other equities analysts have also recently issued reports on SGHC. Needham & Company LLC boosted their target price on Super Group from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Benchmark reiterated a "buy" rating and issued a $12.00 price target on shares of Super Group in a report on Wednesday, April 16th. BTIG Research assumed coverage on shares of Super Group in a report on Friday, March 28th. They issued a "buy" rating and a $9.00 price objective for the company. Finally, Oppenheimer lifted their target price on shares of Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $10.80.

Institutional Trading of Super Group

Several large investors have recently added to or reduced their stakes in SGHC. GAMMA Investing LLC boosted its stake in Super Group by 4,606.6% in the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock worth $28,000 after purchasing an additional 4,192 shares during the period. Pacer Advisors Inc. grew its position in shares of Super Group by 56.6% during 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. Aquatic Capital Management LLC bought a new stake in shares of Super Group in the fourth quarter worth about $30,000. Signaturefd LLC increased its stake in Super Group by 95.9% in the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company's stock worth $35,000 after acquiring an additional 2,662 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Super Group in the 1st quarter worth $37,000. 5.09% of the stock is currently owned by institutional investors.

Super Group Stock Down 5.9 %

The company has a 50 day simple moving average of $7.26 and a two-hundred day simple moving average of $6.77. The company has a market capitalization of $4.16 billion, a P/E ratio of 137.86 and a beta of 1.01.

Super Group (NYSE:SGHC - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $495.96 million during the quarter, compared to analyst estimates of $423.91 million. Super Group had a return on equity of 15.40% and a net margin of 2.25%. As a group, research analysts expect that Super Group Limited will post 0.29 EPS for the current fiscal year.

Super Group Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a dividend of $0.04 per share. This represents a dividend yield of 3.6%. The ex-dividend date 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.