Needham & Company LLC Issues Positive Forecast for Super Group (NYSE:SGHC) Stock Price

Super Group (NYSE:SGHC) had its target price raised by Needham & Company LLC from $9.00 to $10.00 in a research note released on Wednesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

SGHC has been the subject of a number of other reports. Canaccord Genuity Group raised shares of Super Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $5.00 to $10.00 in a research note on Friday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $10.00 target price on shares of Super Group in a research note on Monday, January 27th. Finally, Oppenheimer boosted their target price on shares of Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th.

Super Group Trading Up 3.8 %

Shares of NYSE SGHC opened at $7.83 on Wednesday. Super Group has a 1-year low of $2.90 and a 1-year high of $8.51. The company has a market cap of $3.90 billion, a PE ratio of 130.52 and a beta of 0.99. The company has a 50-day moving average of $7.10 and a two-hundred day moving average of $5.43.

Super Group Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be paid 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 166.67%.

Institutional Investors Weigh In On Super Group

A number of institutional investors and hedge funds have recently modified their holdings of SGHC. Helikon Investments Ltd bought a new stake in shares of Super Group during the third quarter worth approximately $6,431,000. Invesco Ltd. raised its stake in shares of Super Group by 500.9% during the fourth quarter. Invesco Ltd. now owns 1,493,783 shares of the company’s stock worth $9,306,000 after buying an additional 1,245,185 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Super Group by 360.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company’s stock worth $8,106,000 after buying an additional 1,018,664 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Super Group by 332.8% during the fourth quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company’s stock worth $6,118,000 after buying an additional 755,044 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Super Group by 19.4% during the fourth quarter. American Century Companies Inc. now owns 4,353,121 shares of the company’s stock worth $27,120,000 after buying an additional 707,723 shares during 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.