Super Group (SGHC) (NYSE:SGHC) Now Covered by Citizens Jmp

Citizens Jmp initiated coverage on shares of Super Group (SGHC) (NYSE:SGHC - Free Report) in a research note published on Monday morning, Marketbeat Ratings reports. The firm issued a strong-buy rating and a $15.00 target price on the stock.

Other equities research analysts also recently issued reports about the stock. Craig Hallum set a $12.00 price target on shares of Super Group (SGHC) in a research report on Monday, May 19th. Needham & Company LLC boosted their price objective on shares of Super Group (SGHC) from $11.00 to $14.00 and gave the company a "buy" rating in a research report 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 research report on Wednesday, July 9th. Benchmark restated a "buy" rating and set a $12.00 price objective on shares of Super Group (SGHC) in a research report on Wednesday, April 16th. Finally, Wall Street Zen upgraded shares of Super Group (SGHC) from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. Seven investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $13.13.

Super Group (SGHC) Stock Performance

Shares of NYSE SGHC traded down $0.07 during midday trading on Monday, reaching $11.80. The company's stock had a trading volume of 499,823 shares, compared to its average volume of 799,035. Super Group has a fifty-two week low of $2.94 and a fifty-two week high of $12.18. The business's 50 day moving average price is $9.70 and its two-hundred day moving average price is $8.08. The company has a market cap of $5.94 billion, a P/E ratio of 43.69 and a beta of 1.09.

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

Super Group (SGHC) Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were issued 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 1.36%. Super Group (SGHC)'s dividend payout ratio (DPR) is presently 59.26%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Super Group (SGHC) during the first quarter worth $526,000. BNP Paribas Financial Markets bought a new stake in shares of Super Group (SGHC) in the fourth quarter worth $369,000. SG Americas Securities LLC grew its stake in shares of Super Group (SGHC) by 105.6% in the first quarter. SG Americas Securities LLC now owns 140,931 shares of the company's stock worth $908,000 after purchasing an additional 72,380 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Super Group (SGHC) by 50.6% in the fourth quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock worth $4,252,000 after purchasing an additional 229,211 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Super Group (SGHC) by 66.1% in the fourth quarter. Millennium Management LLC now owns 1,204,663 shares of the company's stock worth $7,505,000 after purchasing an additional 479,440 shares during the last quarter. 5.09% of the stock is currently 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.