Canaccord Genuity Group Issues Positive Forecast for Super Group (NYSE:SGHC) Stock Price

Super Group (NYSE:SGHC) had its price target hoisted by Canaccord Genuity Group from $11.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on the stock. Needham & Company LLC boosted their price target on shares of Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Oppenheimer lifted their target price on shares of Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and set a $12.00 price target on shares of Super Group in a research report on Wednesday, April 16th. Finally, BTIG Research assumed coverage on shares of Super Group in a research report on Friday, March 28th. They issued a “buy” rating and a $9.00 target price for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Super Group currently has a consensus rating of “Buy” and an average target price of $10.80.

Super Group Stock Up 3.8 %

SGHC stock opened at $8.80 on Monday. The business has a 50 day moving average of $7.15 and a 200-day moving average of $6.68. Super Group has a 12-month low of $2.91 and a 12-month high of $8.86. The firm has a market cap of $4.43 billion, a PE ratio of 146.69 and a beta of 1.01.

Super Group (NYSE:SGHC) last issued its quarterly earnings results on Thursday, April 3rd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $517.61 million for the quarter, compared to analysts’ expectations of $413.00 million. Super Group had a return on equity of 15.40% and a net margin of 2.25%. On average, research analysts expect that Super Group will post 0.29 earnings per share for the current year.

Super Group Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were given a dividend of $0.04 per share. This represents a dividend yield of 3.6%. The ex-dividend date was Monday, March 10th. Super Group’s dividend payout ratio is 66.67%.

Institutional Investors Weigh In On Super Group

Institutional investors have recently made changes to their positions in the company. Summit Investment Advisors Inc. boosted its holdings in Super Group by 17.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,676 shares of the company’s stock valued at $98,000 after acquiring an additional 2,307 shares during the period. Signaturefd LLC lifted its position in shares of Super Group by 95.9% during the first quarter. Signaturefd LLC now owns 5,439 shares of the company’s stock worth $35,000 after purchasing an additional 2,662 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Super Group by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,279 shares of the company’s stock valued at $531,000 after purchasing an additional 2,997 shares during the period. Tudor Investment Corp ET AL boosted its stake in shares of Super Group by 7.8% during the fourth quarter. Tudor Investment Corp ET AL now owns 41,773 shares of the company’s stock valued at $260,000 after purchasing an additional 3,022 shares during the period. Finally, Principal Street Partners LLC grew its holdings in shares of Super Group by 22.7% in the fourth quarter. Principal Street Partners LLC now owns 21,576 shares of the company’s stock worth $134,000 after purchasing an additional 3,993 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

About Super Group

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.