Citizens Jmp Begins Coverage on Super Group (SGHC) (NYSE:SGHC)

Citizens Jmp began coverage on shares of Super Group (SGHC) (NYSE:SGHC - Free Report) in a report released on Monday, MarketBeat Ratings reports. The firm issued a mkt outperform rating and a $15.00 price objective on the stock.

Several other research firms also recently weighed in on SGHC. Wall Street Zen upgraded shares of Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Craig Hallum set a $12.00 price objective on shares of Super Group (SGHC) in a report on Monday, May 19th. BTIG Research reissued a "buy" rating on shares of Super Group (SGHC) in a report on Tuesday, July 8th. Canaccord Genuity Group increased their target price on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Benchmark reiterated a "buy" rating and issued a $12.00 price target on shares of Super Group (SGHC) in a research report on Wednesday, April 16th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $13.13.

Super Group (SGHC) Stock Performance

NYSE:SGHC traded up $0.19 during trading hours on Monday, reaching $11.67. The stock had a trading volume of 2,567,325 shares, compared to its average volume of 1,034,809. The stock has a market cap of $5.87 billion, a P/E ratio of 43.20 and a beta of 1.09. The stock has a 50 day simple moving average of $9.53 and a 200 day simple moving average of $7.99. Super Group has a 12-month low of $2.94 and a 12-month high of $12.18.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $423.91 million. On average, equities analysts expect that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.37%. The ex-dividend date was Monday, June 23rd. Super Group (SGHC)'s payout ratio is 59.26%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Counterpoint Mutual Funds LLC bought a new stake in Super Group (SGHC) during the second quarter valued at $2,397,000. Exchange Traded Concepts LLC raised its holdings in shares of Super Group (SGHC) by 4.5% in the 2nd quarter. Exchange Traded Concepts LLC now owns 475,126 shares of the company's stock valued at $5,212,000 after acquiring an additional 20,348 shares in the last quarter. Longboard Asset Management LP bought a new stake in shares of Super Group (SGHC) during the 2nd quarter valued at about $186,000. Gallacher Capital Management LLC purchased a new position in shares of Super Group (SGHC) during the second quarter worth about $665,000. Finally, Rhumbline Advisers increased its position in shares of Super Group (SGHC) by 6.3% in the first quarter. Rhumbline Advisers now owns 206,407 shares of the company's stock worth $1,329,000 after purchasing an additional 12,261 shares during the last quarter. 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.