Super Group (SGHC) (NYSE:SGHC) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Super Group (SGHC) (NYSE:SGHC - Free Report) from a buy rating to a strong-buy rating in a report issued on Saturday morning.

A number of other equities analysts have also recently weighed in on SGHC. Canaccord Genuity Group increased their price target on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. BTIG Research reiterated a "buy" rating on shares of Super Group (SGHC) in a report on Tuesday, July 8th. Craig Hallum set a $12.00 target price on Super Group (SGHC) in a report on Monday, May 19th. Benchmark restated a "buy" rating and set a $12.00 target price on shares of Super Group (SGHC) in a report on Wednesday, April 16th. Finally, Needham & Company LLC raised their target price on Super Group (SGHC) from $11.00 to $14.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Seven investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $13.13.

Super Group (SGHC) Stock Performance

NYSE SGHC traded down $0.13 during trading hours on Friday, reaching $11.54. The stock had a trading volume of 906,374 shares, compared to its average volume of 793,695. The stock has a fifty day moving average of $9.53 and a 200 day moving average of $7.99. The stock has a market cap of $5.81 billion, a P/E ratio of 42.83 and a beta of 1.09. Super Group has a 52-week low of $2.94 and a 52-week high of $12.18.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.12 EPS 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 business had revenue of $495.96 million for the quarter, compared to analyst estimates of $423.91 million. On average, equities research analysts forecast that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Announces Dividend

The firm 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 of this dividend was Monday, June 23rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.39%. Super Group (SGHC)'s dividend payout ratio is 59.26%.

Institutional Investors Weigh In On Super Group (SGHC)

A number of large investors have recently bought and sold shares of SGHC. Counterpoint Mutual Funds LLC bought a new stake in shares of Super Group (SGHC) during the second quarter worth approximately $2,397,000. Exchange Traded Concepts LLC boosted its position in Super Group (SGHC) by 4.5% during the second 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 during the last quarter. Longboard Asset Management LP bought a new stake in Super Group (SGHC) during the second quarter valued at $186,000. Gallacher Capital Management LLC bought a new stake in Super Group (SGHC) during the second quarter valued at $665,000. Finally, Rhumbline Advisers raised its holdings in shares of Super Group (SGHC) by 6.3% during the first quarter. Rhumbline Advisers now owns 206,407 shares of the company's stock valued at $1,329,000 after purchasing an additional 12,261 shares during the period. 5.09% of the stock is currently owned by institutional investors.

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.