Super Group (NYSE:SGHC - Free Report) had its price objective raised by Needham & Company LLC from $7.00 to $9.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.
Several other brokerages also recently commented on SGHC. Oppenheimer upgraded Super Group from a "market perform" rating to an "outperform" rating and set a $6.00 target price on the stock in a report on Thursday, November 7th. Benchmark lifted their price objective on shares of Super Group from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Thursday, November 7th.
View Our Latest Stock Analysis on Super Group
Super Group Price Performance
NYSE SGHC traded down $0.06 during mid-day trading on Wednesday, hitting $6.92. The company's stock had a trading volume of 1,050,026 shares, compared to its average volume of 451,925. The firm has a market capitalization of $3.45 billion, a P/E ratio of 116.33 and a beta of 0.94. Super Group has a 52-week low of $2.63 and a 52-week high of $7.12. The stock's fifty day simple moving average is $5.08 and its two-hundred day simple moving average is $4.02.
Super Group Announces Dividend
The firm also recently announced a -- dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd will be given a $0.15 dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Monday, December 23rd. Super Group's payout ratio is 166.67%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in SGHC. Vanguard Group Inc. lifted its holdings in Super Group by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 859,109 shares of the company's stock worth $2,964,000 after buying an additional 61,937 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Super Group by 13.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,112 shares of the company's stock valued at $135,000 after acquiring an additional 4,715 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Super Group by 26.1% during the second quarter. Bank of New York Mellon Corp now owns 420,320 shares of the company's stock worth $1,358,000 after purchasing an additional 87,118 shares during the last quarter. Phraction Management LLC boosted its holdings in Super Group by 23.4% in the second quarter. Phraction Management LLC now owns 158,386 shares of the company's stock worth $512,000 after purchasing an additional 30,031 shares during the period. Finally, Rhumbline Advisers increased its stake in Super Group by 14.9% during the second quarter. Rhumbline Advisers now owns 173,904 shares of the company's stock valued at $562,000 after purchasing an additional 22,571 shares during the last quarter. 5.09% of the stock is currently owned by institutional investors.
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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