Super Group (SGHC) (NYSE:SGHC) Coverage Initiated by Analysts at JMP Securities

JMP Securities assumed coverage on shares of Super Group (SGHC) (NYSE:SGHC - Free Report) in a research note published on Monday,Benzinga reports. The brokerage issued a market outperform rating and a $15.00 price target on the stock.

SGHC has been the topic of a number of other research reports. Wall Street Zen upgraded Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. BTIG Research restated a "buy" rating on shares of Super Group (SGHC) in a research report on Tuesday, July 8th. Citizens Jmp began coverage on Super Group (SGHC) in a research report on Monday. They issued a "strong-buy" rating and a $15.00 target price on the stock. Needham & Company LLC lifted their target price on Super Group (SGHC) from $11.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Canaccord Genuity Group lifted their target price on Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Seven analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $13.13.

Super Group (SGHC) Trading Down 0.6%

NYSE SGHC traded down $0.07 on Monday, reaching $11.80. 499,823 shares of the company were exchanged, compared to its average volume of 799,035. The business's fifty day moving average price is $9.70 and its 200 day moving average price is $8.08. The stock has a market capitalization of $5.94 billion, a P/E ratio of 43.69 and a beta of 1.09. Super Group has a fifty-two week low of $2.94 and a fifty-two week high of $12.18.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. The company had revenue of $495.96 million for the quarter, compared to analyst estimates of $423.91 million. Equities 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.16 annualized dividend and a dividend yield of 1.36%. Super Group (SGHC)'s dividend payout ratio is presently 59.26%.

Institutional Investors Weigh In On Super Group (SGHC)

Several institutional investors and hedge funds have recently modified their holdings of SGHC. Millennium Management LLC increased its holdings 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 purchasing an additional 1,532,666 shares during the period. Invesco Ltd. increased its holdings in Super Group (SGHC) by 500.9% during the 4th quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock worth $9,306,000 after purchasing an additional 1,245,185 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Super Group (SGHC) by 360.6% during the 4th 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 period. JPMorgan Chase & Co. increased its holdings in Super Group (SGHC) by 332.8% during the 4th quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company's stock worth $6,118,000 after purchasing an additional 755,044 shares during the period. Finally, Nuveen LLC purchased a new stake in Super Group (SGHC) during the 1st quarter worth about $4,608,000. 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.