Super Group Limited (NYSE:SGHC) Receives Average Rating of "Buy" from Brokerages

Shares of Super Group Limited (NYSE:SGHC - Get Free Report) have been assigned a consensus recommendation of "Buy" from the five research firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is $11.40.3 stocks that crushed earnings estimates and still tankedA number of brokerages have commented on SGHC. Canaccord Genuity Group increased their target price on Super Group from $12.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. Oppenheimer increased their target price on Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Benchmark reiterated a "buy" rating and set a $12.00 target price on shares of Super Group in a report on Wednesday, April 16th. BTIG Research began coverage on Super Group in a report on Friday, March 28th. They set a "buy" rating and a $9.00 target price on the stock. Finally, Needham & Company LLC increased their target price on Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a report on Thursday, May 15th.Get Our Latest Analysis on SGHCSuper Group Stock Up 0.9%Shares of SGHC traded up $0.08 on Wednesday, reaching $8.52. The stock had a trading volume of 152,588 shares, compared to its average volume of 654,484. The firm has a market capitalization of $4.29 billion, a PE ratio of 141.61 and a beta of 1.01. The firm has a 50-day moving average of $7.50 and a 200 day moving average of $7.00. Super Group has a twelve month low of $2.91 and a twelve month high of $9.17. Super Group (NYSE:SGHC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $495.96 million for the quarter, compared to analysts' expectations of $423.91 million. Super Group had a return on equity of 15.40% and a net margin of 2.25%. On average, sell-side analysts anticipate that Super Group will post 0.29 earnings per share for the current fiscal year. Super Group Announces DividendThe firm also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a dividend of $0.04 per share. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 10th. Super Group's dividend payout ratio is presently 59.26%. Institutional Inflows and OutflowsLarge investors have recently made changes to their positions in the business. Quarry LP lifted its stake in shares of Super Group by 364.3% during the 1st quarter. Quarry LP now owns 3,988 shares of the company's stock worth $26,000 after purchasing an additional 3,129 shares during the period. GAMMA Investing LLC lifted its stake in shares of Super Group by 4,606.6% during the 1st quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock worth $28,000 after purchasing an additional 4,192 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of Super Group during the 4th quarter worth $30,000. Pacer Advisors Inc. lifted its stake in shares of Super Group by 56.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock worth $30,000 after purchasing an additional 1,662 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Super Group by 95.9% during the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company's stock worth $35,000 after purchasing an additional 2,662 shares during the period. Hedge funds and other institutional investors own 5.09% of the company's stock. About Super Group (Get Free ReportSuper 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. Featured ArticlesFive stocks we like better than Super GroupBest Stocks Under $10.00 Lowe’s Stock Uptrend Can Continue for These 2 Reasons3 Dividend Kings To ConsiderCrowdStrike Near Breakout: Is Now the Time to Buy?P/E Ratio Calculation: How to Assess StocksRivian Stock Below $20: Charging Up or in the Breakdown Lane?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Super Group Right Now?Before you consider Super Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Super Group wasn't on the list.While Super Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here