Super Group (SGHC) (NYSE:SGHC) Reaches New 12-Month High – Should You Buy?

Super Group (SGHC) Limited (NYSE:SGHC)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $13.49 and last traded at $13.08, with a volume of 4475325 shares traded. The stock had previously closed at $12.69.

Analyst Upgrades and Downgrades

A number of research firms have commented on SGHC. Canaccord Genuity Group lifted their price objective on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Citigroup began coverage on shares of Super Group (SGHC) in a report on Monday, July 14th. They issued an “outperform” rating for the company. JMP Securities began coverage on shares of Super Group (SGHC) in a report on Monday, July 14th. They issued a “market outperform” rating and a $15.00 price objective for the company. Benchmark lifted their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Needham & Company LLC lifted their price objective on shares of Super Group (SGHC) from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $14.22.

Super Group (SGHC) Stock Up 3.1%

The company has a market capitalization of $6.58 billion, a P/E ratio of 50.31 and a beta of 1.09. The business has a 50 day simple moving average of $11.61 and a 200-day simple moving average of $9.41.

Super Group (SGHC) (NYSE:SGHC) last posted its earnings results on Thursday, September 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $579.00 million during the quarter, compared to the consensus estimate of $503.00 million. Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. Equities analysts forecast that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Thursday, September 18th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 18th. Super Group (SGHC)’s payout ratio is currently 61.54%.

Institutional Investors Weigh In On Super Group (SGHC)

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC raised its stake in shares of Super Group (SGHC) by 321.6% during the second quarter. Squarepoint Ops LLC now owns 625,421 shares of the company’s stock valued at $6,861,000 after purchasing an additional 477,084 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Super Group (SGHC) by 19.5% during the second quarter. Tower Research Capital LLC TRC now owns 14,928 shares of the company’s stock valued at $164,000 after purchasing an additional 2,432 shares in the last quarter. Teza Capital Management LLC bought a new stake in shares of Super Group (SGHC) during the second quarter valued at about $121,000. Lazard Asset Management LLC raised its stake in shares of Super Group (SGHC) by 8.3% during the second quarter. Lazard Asset Management LLC now owns 294,410 shares of the company’s stock valued at $3,229,000 after purchasing an additional 22,646 shares in the last quarter. Finally, Engineers Gate Manager LP raised its stake in shares of Super Group (SGHC) by 106.5% during the second quarter. Engineers Gate Manager LP now owns 146,679 shares of the company’s stock valued at $1,609,000 after purchasing an additional 75,648 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors.

Super Group (SGHC) 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.