Super Group (NYSE:SGHC) Shares Gap Up – What’s Next?

Super Group Limited (NYSE:SGHC) shares gapped up before the market opened on Friday . The stock had previously closed at $6.74, but opened at $6.90. Super Group shares last traded at $6.71, with a volume of 71,236 shares trading hands.

Wall Street Analyst Weigh In

SGHC has been the topic of a number of recent research reports. Benchmark reissued a “buy” rating and set a $10.00 target price on shares of Super Group in a research report on Monday, January 27th. Oppenheimer lifted their price objective on Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Canaccord Genuity Group raised their target price on Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Needham & Company LLC boosted their price target on shares of Super Group from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, BTIG Research assumed coverage on shares of Super Group in a research report on Friday. They set a “buy” rating and a $9.00 target price on the stock. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Super Group has an average rating of “Buy” and a consensus target price of $10.20.

Super Group Price Performance

The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 111.77 and a beta of 1.00. The firm has a 50 day moving average price of $7.47 and a 200-day moving average price of $5.94.

Super Group Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.04 per share. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, March 10th. Super Group’s dividend payout ratio (DPR) is presently 266.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Aquatic Capital Management LLC bought a new position in Super Group during the 4th quarter worth about $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Super Group during the 4th quarter valued at approximately $66,000. Xponance Inc. purchased a new position in Super Group during the 4th quarter valued at $67,000. DGS Capital Management LLC acquired a new stake in Super Group during the fourth quarter worth about $73,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Super Group in the fourth quarter valued at approximately $75,000. 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.