Wall Street Zen Downgrades Super Group (SGHC) (NYSE:SGHC) to Buy

Wall Street Zen downgraded shares of Super Group (SGHC) (NYSE:SGHC - Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

Several other analysts have also recently commented on SGHC. Canaccord Genuity Group raised their price target on Super Group (SGHC) from $12.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. Needham & Company LLC raised their price target on Super Group (SGHC) from $10.00 to $11.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Benchmark reissued a "buy" rating and issued a $12.00 price target on shares of Super Group (SGHC) in a report on Wednesday, April 16th. BTIG Research lifted their price objective on Super Group (SGHC) from $9.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Finally, Craig Hallum set a $12.00 price objective on Super Group (SGHC) in a report on Monday, May 19th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Super Group (SGHC) has an average rating of "Buy" and an average target price of $11.83.

Super Group (SGHC) Price Performance

Shares of SGHC stock traded down $0.11 during midday trading on Friday, hitting $10.99. The company had a trading volume of 1,723,394 shares, compared to its average volume of 740,492. The company's 50 day simple moving average is $8.87 and its 200 day simple moving average is $7.65. Super Group has a 52-week low of $2.94 and a 52-week high of $11.98. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 26.43 and a beta of 1.02.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $423.91 million. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. Analysts anticipate that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 23rd will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.46%. Super Group (SGHC)'s dividend payout ratio (DPR) is 59.26%.

Hedge Funds Weigh In On Super Group (SGHC)

Institutional investors have recently made changes to their positions in the stock. Quarry LP grew its position in shares of Super Group (SGHC) by 364.3% in the first quarter. Quarry LP now owns 3,988 shares of the company's stock valued at $26,000 after purchasing an additional 3,129 shares during the period. GAMMA Investing LLC grew its position in shares of Super Group (SGHC) by 4,606.6% in the first quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock valued at $28,000 after purchasing an additional 4,192 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of Super Group (SGHC) in the fourth quarter valued at $30,000. Pacer Advisors Inc. grew its position in shares of Super Group (SGHC) by 56.6% in 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 during the period. Finally, Signaturefd LLC grew its position in shares of Super Group (SGHC) by 95.9% in the first quarter. Signaturefd LLC now owns 5,439 shares of the company's stock valued at $35,000 after purchasing an additional 2,662 shares during the period. 5.09% of the stock is owned by institutional investors and hedge funds.

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.