Super Group Limited (NYSE:SGHC) Receives Average Rating of "Buy" from Brokerages

Shares of Super Group Limited (NYSE:SGHC - Get Free Report) have been assigned a consensus recommendation of "Buy" from the five research firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is $11.40.

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A number of brokerages have commented on SGHC. Canaccord Genuity Group increased their target price on Super Group from $12.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. Oppenheimer increased their target price on Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Benchmark reiterated a "buy" rating and set a $12.00 target price on shares of Super Group in a report on Wednesday, April 16th. BTIG Research began coverage on Super Group in a report on Friday, March 28th. They set a "buy" rating and a $9.00 target price on the stock. Finally, Needham & Company LLC increased their target price on Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a report on Thursday, May 15th.

Get Our Latest Analysis on SGHC

Super Group Stock Up 0.9%

Shares of SGHC traded up $0.08 on Wednesday, reaching $8.52. The stock had a trading volume of 152,588 shares, compared to its average volume of 654,484. The firm has a market capitalization of $4.29 billion, a PE ratio of 141.61 and a beta of 1.01. The firm has a 50-day moving average of $7.50 and a 200 day moving average of $7.00. Super Group has a twelve month low of $2.91 and a twelve month high of $9.17.

Super Group (NYSE:SGHC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share 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 had a return on equity of 15.40% and a net margin of 2.25%. On average, sell-side analysts anticipate that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a dividend of $0.04 per share. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 10th. Super Group's dividend payout ratio is presently 59.26%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Quarry LP lifted its stake in shares of Super Group by 364.3% during the 1st quarter. Quarry LP now owns 3,988 shares of the company's stock worth $26,000 after purchasing an additional 3,129 shares during the period. GAMMA Investing LLC lifted its stake in shares of Super Group by 4,606.6% during the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock worth $28,000 after purchasing an additional 4,192 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of Super Group during the 4th quarter worth $30,000. Pacer Advisors Inc. lifted its stake in shares of Super Group by 56.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock worth $30,000 after purchasing an additional 1,662 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Super Group by 95.9% during the 1st 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 period. Hedge funds and other 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.

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