Super Group (NYSE:SGHC) Price Target Raised to $9.00 at Oppenheimer

Super Group (NYSE:SGHC) had its price objective increased by Oppenheimer from $6.00 to $9.00 in a research report sent to investors on Friday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Benchmark upped their target price on Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC upped their price target on Super Group from $7.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Super Group Stock Performance

Shares of Super Group stock opened at $6.75 on Friday. The company has a fifty day moving average price of $5.26 and a 200 day moving average price of $4.09. Super Group has a twelve month low of $2.63 and a twelve month high of $7.12. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 112.52 and a beta of 0.95.

Super Group Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Walleye Capital LLC purchased a new stake in Super Group during the 3rd quarter worth approximately $54,000. Algert Global LLC boosted 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 valued at $61,000 after buying an additional 6,711 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Super Group during the third quarter worth approximately $66,000. Burns Matteson Capital Management LLC bought a new stake in shares of Super Group in the third quarter worth $70,000. Finally, AQR Capital Management LLC acquired a new stake in Super Group in the second quarter valued at $77,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

About Super Group

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.