Super Group (SGHC) (NYSE:SGHC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Super Group (SGHC) (NYSE:SGHC) from a hold rating to a buy rating in a report issued on Friday.

Other equities analysts also recently issued research reports about the stock. BTIG Research reiterated a “buy” rating and issued a $14.00 price target on shares of Super Group (SGHC) in a report on Thursday, September 18th. Citizens Jmp began coverage on shares of Super Group (SGHC) in a report on Monday, July 14th. They issued a “strong-buy” rating and a $15.00 price objective on the stock. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research report on Monday, September 22nd. JMP Securities upped their price target on shares of Super Group (SGHC) from $15.00 to $16.00 and gave the company a “market outperform” rating in a report on Monday, September 22nd. Finally, UBS Group set a $18.00 price objective on Super Group (SGHC) in a report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $15.40.

Super Group (SGHC) Trading Up 2.2%

NYSE:SGHC opened at $13.30 on Friday. The company has a market capitalization of $6.70 billion, a P/E ratio of 51.16 and a beta of 1.09. Super Group has a 12 month low of $3.44 and a 12 month high of $13.71. The firm has a fifty day simple moving average of $11.77 and a 200-day simple moving average of $9.76.

Super Group (SGHC) (NYSE:SGHC) last issued its earnings results on Thursday, September 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $579.00 million during the quarter, compared to analysts’ expectations of $503.00 million. Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%. Equities analysts forecast that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Thursday, September 18th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 18th. Super Group (SGHC)’s dividend payout ratio is presently 61.54%.

Hedge Funds Weigh In On Super Group (SGHC)

A number of large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its holdings in Super Group (SGHC) by 132.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock valued at $27,000 after purchasing an additional 1,396 shares during the period. Quarry LP grew its stake in Super Group (SGHC) by 364.3% in the 1st quarter. Quarry LP now owns 3,988 shares of the company’s stock valued at $26,000 after acquiring an additional 3,129 shares during the period. GAMMA Investing LLC increased its holdings in Super Group (SGHC) by 4,606.6% in the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company’s stock worth $28,000 after acquiring an additional 4,192 shares in the last quarter. Pacer Advisors Inc. raised its position in Super Group (SGHC) by 56.6% during the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company’s stock worth $30,000 after acquiring an additional 1,662 shares during the period. Finally, Signaturefd LLC lifted its holdings in Super Group (SGHC) by 95.9% during the first quarter. Signaturefd LLC now owns 5,439 shares of the company’s stock valued at $35,000 after purchasing an additional 2,662 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

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.