Super Group (SGHC) Limited (NYSE:SGHC – Get Free Report)’s share price hit a new 52-week high on Monday after BTIG Research raised their price target on the stock from $16.00 to $19.00. BTIG Research currently has a buy rating on the stock. Super Group (SGHC) traded as high as $15.75 and last traded at $15.7390, with a volume of 3877765 shares changing hands. The stock had previously closed at $14.73.
A number of other brokerages have also commented on SGHC. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. Zacks Research cut Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Benchmark lifted their price objective on Super Group (SGHC) from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Wall Street Zen raised Super Group (SGHC) from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Citizens Jmp upped their target price on shares of Super Group (SGHC) from $17.00 to $19.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Super Group (SGHC) has a consensus rating of “Moderate Buy” and an average target price of $18.43.
Get Our Latest Research Report on SGHC
Insiders Place Their Bets
Institutional Trading of Super Group (SGHC)
Hedge funds have recently modified their holdings of the company. Ninety One UK Ltd bought a new position in Super Group (SGHC) during the fourth quarter worth about $4,987,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Super Group (SGHC) in the fourth quarter worth about $1,509,000. Norges Bank bought a new stake in shares of Super Group (SGHC) in the fourth quarter worth about $23,791,000. AYAL Capital Advisors Ltd acquired a new stake in shares of Super Group (SGHC) during the fourth quarter worth about $4,510,000. Finally, Findell Capital Management LLC lifted its holdings in shares of Super Group (SGHC) by 40.3% during the 4th quarter. Findell Capital Management LLC now owns 940,000 shares of the company’s stock valued at $11,233,000 after purchasing an additional 269,901 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors and hedge funds.
Super Group (SGHC) Price Performance
The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $13.69 and a two-hundred day moving average price of $11.73. The firm has a market cap of $7.97 billion, a P/E ratio of 32.59 and a beta of 1.06.
Super Group (SGHC) (NYSE:SGHC – Get Free Report) last announced its earnings results on Saturday, April 18th. The company reported $0.13 EPS for the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. The firm had revenue of $578.00 million for the quarter. Equities analysts anticipate that Super Group will post 0.8 earnings per share for the current year.
Super Group (SGHC) Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, June 23rd. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 41.67%.
Super Group (SGHC) Company Profile
Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.
The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.
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