Super Group (NYSE:SGHC - Free Report) had its price objective boosted by Needham & Company LLC from $9.00 to $10.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Oppenheimer lifted their price objective on shares of Super Group from $9.00 to $11.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Benchmark reiterated a "buy" rating and set a $10.00 price target on shares of Super Group in a research note on Monday, January 27th. Finally, Canaccord Genuity Group upgraded shares of Super Group from a "hold" rating to a "buy" rating and lifted their price target for the stock from $5.00 to $10.00 in a research note on Friday, January 24th.
Get Our Latest Stock Report on Super Group
Super Group Price Performance
Shares of Super Group stock traded down $0.08 during trading on Wednesday, hitting $7.50. 757,149 shares of the stock were exchanged, compared to its average volume of 804,863. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 124.94 and a beta of 0.99. The firm's 50-day moving average price is $7.14 and its 200 day moving average price is $5.48. Super Group has a 12-month low of $2.90 and a 12-month high of $8.51.
Super Group Dividend Announcement
The company also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, March 10th. This represents a dividend yield of 3.6%. Super Group's dividend payout ratio (DPR) is 166.67%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in SGHC. Aquatic Capital Management LLC acquired a new position in shares of Super Group during the fourth quarter worth about $30,000. Walleye Capital LLC acquired a new position in shares of Super Group during the third quarter worth about $54,000. Intech Investment Management LLC acquired a new position in shares of Super Group during the third quarter worth about $66,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Super Group during the fourth quarter worth about $66,000. Finally, Xponance Inc. acquired a new position in shares of Super Group during the fourth quarter worth about $67,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.
About Super Group
(
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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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