Super Group (SGHC) Limited (NYSE:SGHC) Receives $13.13 Consensus Price Target from Analysts

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) has been given a consensus rating of "Buy" by the nine brokerages that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.50.

Several analysts have weighed in on SGHC shares. Wall Street Zen raised Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. Needham & Company LLC boosted their price target on Super Group (SGHC) from $11.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Canaccord Genuity Group boosted their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JMP Securities assumed coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued a "market outperform" rating and a $15.00 target price on the stock. Finally, Craig Hallum set a $12.00 price objective on Super Group (SGHC) in a research report on Monday, May 19th.

Super Group (SGHC) Stock Down 4.4%

NYSE:SGHC traded down $0.47 during midday trading on Monday, hitting $10.32. The company had a trading volume of 1,571,022 shares, compared to its average volume of 1,086,977. The company has a market capitalization of $5.20 billion, a PE ratio of 38.41 and a beta of 1.08. Super Group has a 52-week low of $2.94 and a 52-week high of $12.18. The stock's fifty day moving average price is $10.46 and its 200-day moving average price is $8.61.

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

Super Group (SGHC) Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.04 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.16 annualized dividend and a dividend yield of 1.6%. Super Group (SGHC)'s dividend payout ratio (DPR) is currently 59.26%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SGHC. American Century Companies Inc. boosted its stake in Super Group (SGHC) by 11.2% in the 1st quarter. American Century Companies Inc. now owns 4,841,016 shares of the company's stock worth $31,176,000 after purchasing an additional 487,895 shares in the last quarter. Millennium Management LLC lifted its position in Super Group (SGHC) by 127.2% during the 1st 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 during the period. Acadian Asset Management LLC grew its stake in Super Group (SGHC) by 58.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company's stock valued at $19,902,000 after purchasing an additional 667,571 shares during the last quarter. Invesco Ltd. increased its holdings 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 valued at $9,306,000 after purchasing an additional 1,245,185 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised 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 purchasing an additional 1,018,664 shares during the last quarter. Hedge funds and other institutional investors own 5.09% of the company's stock.

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.