Super Group (NYSE:SGHC) Shares Gap Up – Still a Buy?

Super Group Limited (NYSE:SGHC) gapped up prior to trading on Wednesday . The stock had previously closed at $6.23, but opened at $6.54. Super Group shares last traded at $6.73, with a volume of 104,356 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SGHC shares. Oppenheimer increased their price objective on Super Group from $6.00 to $9.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Needham & Company LLC increased their price target on Super Group from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Benchmark upped their price objective on shares of Super Group from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Super Group Trading Up 8.3 %

The company has a fifty day moving average price of $6.24 and a 200-day moving average price of $4.61. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 112.44 and a beta of 0.95.

Super Group Dividend Announcement

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

Institutional Investors Weigh In On Super Group

Hedge funds have recently modified their holdings of the business. Helikon Investments Ltd acquired a new position in Super Group during the third quarter worth $6,431,000. American Century Companies Inc. grew its position in Super Group by 6,842.6% during the 2nd quarter. American Century Companies Inc. now owns 973,290 shares of the company’s stock worth $3,144,000 after acquiring an additional 959,271 shares during the last quarter. State Street Corp raised its position in Super Group by 8.5% in the 3rd quarter. State Street Corp now owns 2,490,833 shares of the company’s stock valued at $9,042,000 after purchasing an additional 194,460 shares during the last quarter. Barclays PLC grew its holdings in shares of Super Group by 141.1% during the third quarter. Barclays PLC now owns 269,435 shares of the company’s stock worth $978,000 after purchasing an additional 157,693 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of Super Group by 133.3% in the third quarter. GSA Capital Partners LLP now owns 237,778 shares of the company’s stock valued at $863,000 after buying an additional 135,865 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.