Super Group (NYSE:SGHC) Shares Gap Up on Analyst Upgrade

Super Group Limited (NYSE:SGHCGet Free Report)’s stock price gapped up before the market opened on Friday after Oppenheimer raised their price target on the stock from $6.00 to $9.00. The stock had previously closed at $6.75, but opened at $6.95. Oppenheimer currently has an outperform rating on the stock. Super Group shares last traded at $6.80, with a volume of 70,503 shares traded.

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

Check Out Our Latest Stock Report on SGHC

Hedge Funds Weigh In On Super Group

Several institutional investors have recently modified their holdings of the company. Walleye Capital LLC bought a new stake in Super Group in the third quarter worth $54,000. Intech Investment Management LLC bought a new stake in shares of Super Group in the 3rd quarter valued at about $66,000. Algert Global LLC boosted its holdings in 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 acquiring an additional 6,711 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in Super Group during the 3rd quarter valued at about $70,000. Finally, HighTower Advisors LLC grew its position in Super Group by 22.7% during the 3rd quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock worth $78,000 after acquiring an additional 3,993 shares during the last quarter. 5.09% of the stock is currently owned by institutional investors.

Super Group Stock Performance

The stock has a 50 day simple moving average of $5.26 and a 200 day simple moving average of $4.08. The firm has a market capitalization of $3.36 billion, a PE ratio of 112.50 and a beta of 0.95.

Super Group Dividend Announcement

The company also recently declared a — dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be issued 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 is currently 166.67%.

Super Group Company Profile

(Get Free Report)

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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