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Super Group (NYSE:SGHC) Shares Gap Up - Here's What Happened

Super Group logo with Consumer Discretionary background
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Super Group Limited (NYSE:SGHC - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $6.74, but opened at $6.90. Super Group shares last traded at $6.71, with a volume of 71,236 shares.

Analyst Ratings Changes

SGHC has been the subject of a number of recent analyst reports. BTIG Research started coverage on Super Group in a report on Friday. They set a "buy" rating and a $9.00 target price for the company. Needham & Company LLC boosted their price objective on shares of Super Group from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Benchmark reiterated a "buy" rating and issued a $10.00 target price on shares of Super Group in a research note on Monday, January 27th. Canaccord Genuity Group boosted their price target on shares of Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, Oppenheimer increased their price objective on Super Group from $9.00 to $11.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $10.20.

View Our Latest Stock Analysis on Super Group

Super Group Stock Performance

The stock's 50 day simple moving average is $7.50 and its 200 day simple moving average is $6.02. The firm has a market cap of $3.22 billion, a PE ratio of 108.27 and a beta of 1.00.

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Super Group Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a $0.04 dividend. The ex-dividend date was Monday, March 10th. This represents a yield of 3.6%. Super Group's dividend payout ratio is presently 266.67%.

Institutional Investors Weigh In On Super Group

Hedge funds have recently added to or reduced their stakes in the company. Aquatic Capital Management LLC bought a new stake in Super Group in the 4th quarter worth approximately $30,000. Walleye Capital LLC bought a new stake in shares of Super Group in the 3rd quarter worth approximately $54,000. Intech Investment Management LLC purchased a new stake in shares of Super Group in the 3rd quarter valued at $66,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Super Group in the fourth quarter worth $66,000. Finally, Xponance Inc. purchased a new stake in Super Group during the 4th quarter valued at about $67,000. Institutional investors own 5.09% of the company's stock.

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.

Further Reading

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