Super Group (NYSE:SGHC) Price Target Raised to $9.00 at Needham & Company LLC

Super Group (NYSE:SGHC) had its price objective lifted by Needham & Company LLC from $7.00 to $9.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Benchmark increased their price target on Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Oppenheimer raised shares of Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a research note on Thursday, November 7th.

Super Group Stock Performance

Shares of NYSE SGHC opened at $6.76 on Wednesday. The stock has a 50 day moving average price of $5.26 and a 200 day moving average price of $4.08. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 112.69 and a beta of 0.95. Super Group has a 52-week low of $2.63 and a 52-week high of $7.12.

Super Group Dividend Announcement

The business also recently announced a — dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a yield of 5.7%. Super Group’s dividend payout ratio (DPR) is presently 166.69%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SGHC. State Street Corp raised its stake 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 acquiring an additional 194,460 shares in the last quarter. Helikon Investments Ltd acquired a new position in shares of Super Group during the third quarter worth $6,431,000. Geode Capital Management LLC increased its position in shares of Super Group by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,742,924 shares of the company’s stock worth $6,327,000 after purchasing an additional 14,507 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Super Group by 6,842.6% during the 2nd quarter. American Century Companies Inc. now owns 973,290 shares of the company’s stock valued at $3,144,000 after purchasing an additional 959,271 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Super Group by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 859,109 shares of the company’s stock worth $2,964,000 after purchasing an additional 61,937 shares in the last quarter. 5.09% of the stock is owned by institutional investors.

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.