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

Super Group (SGHC) Limited (NYSE:SGHC)’s share price gapped up prior to trading on Thursday after Benchmark raised their price target on the stock from $16.00 to $18.00. The stock had previously closed at $12.83, but opened at $13.57. Benchmark 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 changing hands.

Other analysts also recently issued reports about the company. Needham & Company LLC boosted 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. Macquarie initiated coverage on Super Group (SGHC) in a report on Monday. They issued an “outperform” rating and a $17.00 target price for the company. JMP Securities started coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued a “market outperform” rating and a $15.00 target price for the company. Canaccord Genuity Group upped their price objective on Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen downgraded Super Group (SGHC) from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $15.20.

Institutional Investors Weigh In On Super Group (SGHC)

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP grew its holdings in shares of Super Group (SGHC) by 364.3% in 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 grew its holdings in shares of Super Group (SGHC) by 132.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after acquiring an additional 1,396 shares during the period. GAMMA Investing LLC grew 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 valued at $28,000 after buying an additional 4,192 shares during the last quarter. Pacer Advisors Inc. grew 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 valued at $30,000 after buying an additional 1,662 shares during the last quarter. Finally, Signaturefd LLC grew 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 valued at $35,000 after buying an additional 2,662 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group (SGHC) Stock Performance

The business has a fifty day simple moving average of $11.63 and a 200 day simple moving average of $9.47. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 45.12 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last announced its earnings results on Thursday, September 4th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $579.00 million for the quarter, compared to analyst estimates of $503.00 million. Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. On average, equities research analysts anticipate that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Announces Dividend

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 issued a dividend of $0.04 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.4%. Super Group (SGHC)’s dividend payout ratio (DPR) is 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.