Shares of Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) were up 5.4% on Tuesday . The company traded as high as $13.38 and last traded at $13.38. Approximately 1,478,261 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 1,355,865 shares. The stock had previously closed at $12.69.
Analyst Ratings Changes
A number of equities research analysts have weighed in on SGHC shares. Needham & Company LLC raised their target price on Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a report on Friday, August 8th. Wall Street Zen downgraded Super Group (SGHC) from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. UBS Group set a $18.00 target price on Super Group (SGHC) in a report on Thursday. JMP Securities initiated coverage on Super Group (SGHC) in a report on Monday, July 14th. They set a "market outperform" rating and a $15.00 price objective on the stock. Finally, Canaccord Genuity Group raised their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the company a "buy" rating in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $15.30.
Check Out Our Latest Stock Report on Super Group (SGHC)
Super Group (SGHC) Stock Up 0.7%
The firm has a 50 day moving average of $11.63 and a 200 day moving average of $9.50. 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 posted its quarterly earnings data on Thursday, September 4th. The company reported $0.11 EPS 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 firm had revenue of $579.00 million during the quarter, compared to analysts' expectations of $503.00 million. On average, research analysts anticipate that Super Group will post 0.29 EPS for the current year.
Super Group (SGHC) Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Thursday, September 18th will be paid a $0.04 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.16 annualized dividend and a yield of 1.4%. Super Group (SGHC)'s dividend payout ratio is presently 61.54%.
Institutional Investors Weigh In On Super Group (SGHC)
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in Super Group (SGHC) in the first quarter valued at $526,000. BNP Paribas Financial Markets purchased a new stake in Super Group (SGHC) during the fourth quarter valued at about $369,000. State of Wyoming boosted its position in Super Group (SGHC) by 31.9% during the first quarter. State of Wyoming now owns 93,970 shares of the company's stock valued at $605,000 after buying an additional 22,715 shares during the period. SG Americas Securities LLC boosted its position in Super Group (SGHC) by 105.6% during the first quarter. SG Americas Securities LLC now owns 140,931 shares of the company's stock valued at $908,000 after buying an additional 72,380 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in Super Group (SGHC) by 50.6% during the fourth quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company's stock valued at $4,252,000 after buying an additional 229,211 shares during the period. Institutional investors own 5.09% of the company's stock.
About Super Group (SGHC)
(
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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.
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