Super Group (NYSE:SGHC) Given New $11.00 Price Target at Oppenheimer

Super Group (NYSE:SGHC) had its target price hoisted by Oppenheimer from $9.00 to $11.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

SGHC has been the subject of a number of other research reports. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 target price on shares of Super Group in a report on Wednesday, January 22nd. Benchmark reaffirmed a “buy” rating and set a $10.00 price objective on shares of Super Group in a research note on Monday. Finally, Canaccord Genuity Group raised shares of Super Group from a “hold” rating to a “buy” rating and increased their target price for the company from $5.00 to $10.00 in a research note on Friday, January 24th.

Super Group Trading Up 0.8 %

SGHC opened at $8.15 on Wednesday. The stock has a 50-day moving average of $6.48 and a 200 day moving average of $4.78. Super Group has a 12 month low of $2.90 and a 12 month high of $8.28. The firm has a market cap of $4.06 billion, a P/E ratio of 135.77 and a beta of 0.95.

Super Group Dividend Announcement

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

Institutional Trading of Super Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in Super Group by 82.1% in the 2nd quarter. Renaissance Technologies LLC now owns 295,600 shares of the company’s stock worth $955,000 after buying an additional 133,300 shares during the period. ProShare Advisors LLC raised its stake in shares of Super Group by 49.1% during the second quarter. ProShare Advisors LLC now owns 36,556 shares of the company’s stock valued at $118,000 after acquiring an additional 12,037 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Super Group in the second quarter valued at approximately $77,000. The Manufacturers Life Insurance Company grew its stake in Super Group by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock worth $176,000 after purchasing an additional 5,005 shares in the last quarter. Finally, Algert Global LLC increased 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 worth $61,000 after purchasing an additional 6,711 shares during the period. 5.09% of the stock is currently owned by institutional investors.

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.