Super Group (NYSE:SGHC) Hits New 1-Year High Following Analyst Upgrade

Super Group Limited (NYSE:SGHC)’s share price hit a new 52-week high during 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. The stock had previously closed at $8.16.

SGHC has been the topic of a number of other research reports. Canaccord Genuity Group upgraded Super Group from a “hold” rating to a “buy” rating and upped their target price for the company from $5.00 to $10.00 in a research report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $10.00 target price on shares of Super Group in a research report on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $9.00 target price on shares of Super Group in a research report on Wednesday, January 22nd.

Institutional Investors Weigh In On Super Group

Hedge funds have recently bought and sold shares of the stock. Walleye Capital LLC acquired a new position in shares of Super Group during the 3rd quarter worth approximately $54,000. Algert Global LLC raised its stake in shares of Super Group by 54.5% during the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock worth $61,000 after buying an additional 6,711 shares during the period. Intech Investment Management LLC acquired a new position in shares of Super Group during the 3rd quarter worth approximately $66,000. Burns Matteson Capital Management LLC acquired a new position in shares of Super Group during the 3rd quarter worth approximately $70,000. Finally, DGS Capital Management LLC acquired a new position in shares of Super Group during the 4th quarter worth approximately $73,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group Stock Performance

The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 138.61 and a beta of 0.95. The company has a 50 day moving average price of $6.53 and a two-hundred day moving average price of $4.80.

Super Group Announces Dividend

The company also recently disclosed a — dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were paid a $0.15 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend was Monday, December 23rd. Super Group’s dividend payout ratio is currently 166.69%.

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.