Super Group Limited (NYSE:SGHC - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday after Oppenheimer raised their price target on the stock from $9.00 to $11.00. Oppenheimer currently has an outperform rating on the stock. Super Group traded as high as $8.33 and last traded at $8.37, with a volume of 149786 shares trading hands. The stock had previously closed at $8.16.
Other analysts have also issued reports about the stock. Canaccord Genuity Group raised shares of Super Group from a "hold" rating to a "buy" rating and increased their price objective for the stock from $5.00 to $10.00 in a research report on Friday, January 24th. Benchmark reiterated a "buy" rating and issued a $10.00 price target on shares of Super Group in a report on Monday, January 27th. Finally, Needham & Company LLC restated a "buy" rating and set a $9.00 price objective on shares of Super Group in a report on Wednesday, January 22nd.
Check Out Our Latest Stock Analysis on Super Group
Hedge Funds Weigh In On Super Group
A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in shares of Super Group by 141.1% in the third quarter. Barclays PLC now owns 269,435 shares of the company's stock valued at $978,000 after purchasing an additional 157,693 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Super Group by 106.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company's stock worth $824,000 after buying an additional 116,740 shares during the period. State Street Corp grew its position in shares of Super Group by 8.5% during the 3rd quarter. State Street Corp now owns 2,490,833 shares of the company's stock worth $9,042,000 after buying an additional 194,460 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Super Group by 133.3% during the third quarter. GSA Capital Partners LLP now owns 237,778 shares of the company's stock valued at $863,000 after buying an additional 135,865 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Super Group by 82.1% during the second quarter. Renaissance Technologies LLC now owns 295,600 shares of the company's stock valued at $955,000 after buying an additional 133,300 shares during the period. 5.09% of the stock is currently owned by institutional investors.
Super Group Price Performance
The firm has a fifty day moving average of $6.57 and a two-hundred day moving average of $4.85. The stock has a market capitalization of $4.02 billion, a P/E ratio of 134.69 and a beta of 0.95.
Super Group Dividend Announcement
The firm also recently declared a -- dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were given a $0.15 dividend. The ex-dividend date was Monday, December 23rd. This represents a dividend yield of 5.7%. Super Group's payout ratio is presently 166.69%.
Super Group Company Profile
(
Get Free Report)
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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