Super Group (NYSE:SGHC) Coverage Initiated by Analysts at BTIG Research

BTIG Research initiated coverage on shares of Super Group (NYSE:SGHC) in a report issued on Friday, Marketbeat reports. The firm issued a buy rating and a $9.00 price objective on the stock.

Other analysts have also recently issued reports about the stock. Canaccord Genuity Group lifted their price objective on shares of Super Group from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Oppenheimer lifted their price target on Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and set a $10.00 price objective on shares of Super Group in a research note on Monday, January 27th. Finally, Needham & Company LLC boosted their target price 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. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $10.20.

Super Group Price Performance

Shares of SGHC opened at $6.63 on Friday. The company’s fifty day moving average price is $7.49 and its 200-day moving average price is $5.96. Super Group has a 1-year low of $2.90 and a 1-year high of $8.51. The firm has a market capitalization of $3.30 billion, a PE ratio of 110.45 and a beta of 1.00.

Super Group Announces Dividend

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

Institutional Investors Weigh In On Super Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its holdings in Super Group by 19.4% during the fourth quarter. American Century Companies Inc. now owns 4,353,121 shares of the company’s stock valued at $27,120,000 after purchasing an additional 707,723 shares in the last quarter. Helikon Investments Ltd lifted its stake in Super Group by 82.5% in the 4th quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company’s stock valued at $20,148,000 after buying an additional 1,462,418 shares in the last quarter. State Street Corp boosted its holdings in Super Group by 8.5% in 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 during the last quarter. Geode Capital Management LLC increased its stake in Super Group by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,742,924 shares of the company’s stock worth $6,327,000 after buying an additional 14,507 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Super Group by 500.9% in the fourth quarter. Invesco Ltd. now owns 1,493,783 shares of the company’s stock valued at $9,306,000 after acquiring an additional 1,245,185 shares in the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group Company Profile

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.