Analysts Set Super Group (SGHC) Limited (NYSE:SGHC) PT at $13.13

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have received an average recommendation of “Buy” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $13.1250.

A number of brokerages recently issued reports on SGHC. Needham & Company LLC lifted their price target 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. Wall Street Zen raised Super Group (SGHC) from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 12th. Citizens Jmp started coverage on shares of Super Group (SGHC) in a research report on Monday, July 14th. They set a “strong-buy” rating and a $15.00 target price for the company. BTIG Research reiterated a “buy” rating on shares of Super Group (SGHC) in a research note on Tuesday, July 8th. Finally, Benchmark reaffirmed a “buy” rating and issued a $12.00 target price on shares of Super Group (SGHC) in a report on Wednesday, April 16th.

Hedge Funds Weigh In On Super Group (SGHC)

Several institutional investors have recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in shares of Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after purchasing an additional 1,532,666 shares during the last quarter. Invesco Ltd. boosted its stake in Super Group (SGHC) by 500.9% in the 4th quarter. Invesco Ltd. now owns 1,493,783 shares of the company’s stock worth $9,306,000 after purchasing an additional 1,245,185 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Super Group (SGHC) by 360.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company’s stock worth $8,106,000 after purchasing an additional 1,018,664 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Super Group (SGHC) by 332.8% during the 4th quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company’s stock valued at $6,118,000 after purchasing an additional 755,044 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Super Group (SGHC) during the first quarter valued at $4,608,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Trading Down 0.0%

SGHC stock opened at $10.78 on Monday. Super Group has a 1-year low of $2.94 and a 1-year high of $12.18. The stock’s fifty day simple moving average is $10.46 and its two-hundred day simple moving average is $8.61. The stock has a market cap of $5.43 billion, a P/E ratio of 39.92 and a beta of 1.08.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $495.96 million for the quarter, compared to analysts’ expectations of $423.91 million. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. As a group, analysts forecast that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were given 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 yield of 1.5%. Super Group (SGHC)’s payout ratio is 59.26%.

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.