Super Group (SGHC) Limited (NYSE:SGHC) Receives $13.13 Average PT from Brokerages

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) has earned an average recommendation of "Buy" from the nine research firms that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $13.1250.

Several brokerages have commented on SGHC. BTIG Research reiterated a "buy" rating on shares of Super Group (SGHC) in a report on Tuesday, July 8th. JMP Securities assumed coverage on shares of Super Group (SGHC) in a research report on Monday, July 14th. They set a "market outperform" rating and a $15.00 price objective on the stock. Benchmark reiterated a "buy" rating and set a $12.00 price target on shares of Super Group (SGHC) in a report on Wednesday, April 16th. Citizens Jmp started coverage on Super Group (SGHC) in a research note on Monday, July 14th. They issued a "strong-buy" rating and a $15.00 price objective for the company. Finally, Wall Street Zen upgraded Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th.

Institutional Investors Weigh In On Super Group (SGHC)

Hedge funds have recently bought and sold shares of the company. Quarry LP increased its stake in Super Group (SGHC) by 364.3% during the first quarter. Quarry LP now owns 3,988 shares of the company's stock valued at $26,000 after acquiring an additional 3,129 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Super Group (SGHC) by 132.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company's stock valued at $27,000 after purchasing an additional 1,396 shares in the last quarter. GAMMA Investing LLC lifted its position in Super Group (SGHC) by 4,606.6% in the first 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. Aquatic Capital Management LLC acquired a new stake in Super Group (SGHC) during the fourth quarter worth $30,000. Finally, Pacer Advisors Inc. increased its holdings in Super Group (SGHC) 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 buying an additional 1,662 shares during the period. 5.09% of the stock is currently owned by institutional investors.

Super Group (SGHC) Stock Up 1.2%

NYSE SGHC traded up $0.13 on Monday, reaching $10.80. 1,932,080 shares of the stock traded hands, compared to its average volume of 1,567,395. Super Group has a 12 month low of $2.94 and a 12 month high of $12.18. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 39.98 and a beta of 1.08. The firm's fifty day simple moving average is $10.37 and its 200 day simple moving average is $8.58.

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

Super Group (SGHC) Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.16 dividend on an annualized basis and a yield of 1.5%. Super Group (SGHC)'s payout ratio is currently 59.26%.

Super Group (SGHC) 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.