Super Group (SGHC) (NYSE:SGHC) Shares Gap Up Following Analyst Upgrade

Key Points

• Super Group (SGHC) Limited saw its stock price increase significantly from $12.83 to $13.57 after Benchmark raised its price target from $16.00 to $18.00.
• The company reported $0.11 earnings per share, missing analyst estimates of $0.13, despite revenue of $579.00 million exceeding expectations.
• Super Group has declared a quarterly dividend of $0.04 per share, resulting in an annualized dividend yield of 1.3%.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) gapped up before the market opened on Thursday after Canaccord Genuity Group raised their price target on the stock from $17.00 to $18.00. The stock had previously closed at $12.83, but opened at $13.57. Canaccord Genuity Group currently has a buy rating on the stock. Super Group (SGHC) shares last traded at $12.76, with a volume of 1,604,530 shares traded.

Other analysts also recently issued reports about the stock. JMP Securities began coverage on shares of Super Group (SGHC) in a research report on Monday, July 14th. They issued a "market outperform" rating and a $15.00 price target on the stock. Needham & Company LLC raised their price target on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Citigroup assumed coverage on shares of Super Group (SGHC) in a research note on Monday, July 14th. They issued an "outperform" rating for the company. Macquarie initiated coverage on Super Group (SGHC) in a report on Monday, September 15th. They set an "outperform" rating and a $17.00 price target for the company. Finally, UBS Group set a $18.00 price target on Super Group (SGHC) in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat, Super Group (SGHC) has an average rating of "Buy" and a consensus price target of $15.30.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SGHC. Quarry LP grew its stake in shares of Super Group (SGHC) by 364.3% during the 1st quarter. Quarry LP now owns 3,988 shares of the company's stock worth $26,000 after acquiring an additional 3,129 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Super Group (SGHC) by 132.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company's stock worth $27,000 after purchasing an additional 1,396 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Super Group (SGHC) by 4,606.6% during the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock worth $28,000 after purchasing an additional 4,192 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Super Group (SGHC) by 56.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock worth $30,000 after purchasing an additional 1,662 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Super Group (SGHC) by 95.9% during the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company's stock worth $35,000 after purchasing an additional 2,662 shares in the last quarter. Institutional investors own 5.09% of the company's stock.

Super Group (SGHC) Trading Up 0.7%

The business has a fifty day moving average of $11.63 and a 200-day moving average of $9.52. The firm has a market cap of $5.93 billion, a PE ratio of 45.27 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. The business had revenue of $579.00 million during the quarter, compared to analysts' expectations of $503.00 million. On average, equities analysts forecast that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Thursday, September 18th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 18th. Super Group (SGHC)'s dividend payout ratio (DPR) is currently 61.54%.

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.