Super Group (SGHC) Limited (NYSE:SGHC) Given Consensus Rating of “Buy” by Analysts

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have earned an average rating of “Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $13.13.

A number of brokerages recently commented on SGHC. Needham & Company LLC boosted their price objective on shares of Super Group (SGHC) from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Citizens Jmp assumed coverage on shares of Super Group (SGHC) in a report on Monday, July 14th. They set a “strong-buy” rating and a $15.00 price target on the stock. BTIG Research reiterated a “buy” rating on shares of Super Group (SGHC) in a report on Tuesday, July 8th. Wall Street Zen upgraded Super Group (SGHC) from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 12th. Finally, JMP Securities initiated coverage on Super Group (SGHC) in a research report on Monday, July 14th. They issued a “market outperform” rating and a $15.00 target price on the stock.

Super Group (SGHC) Stock Performance

NYSE SGHC opened at $10.67 on Monday. The firm’s 50 day moving average price is $10.33 and its two-hundred day moving average price is $8.54. Super Group has a twelve month low of $2.94 and a twelve month high of $12.18. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 39.52 and a beta of 1.08.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. Super Group (SGHC) had a return on equity of 33.88% and a net margin of 7.02%. The firm had revenue of $495.96 million for the quarter, compared to analyst estimates of $423.91 million. On average, research analysts forecast that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, June 23rd. Super Group (SGHC)’s dividend payout ratio is 59.26%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its position in Super Group (SGHC) by 132.1% during the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after purchasing an additional 1,396 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Super Group (SGHC) by 56.6% in the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company’s stock worth $30,000 after buying an additional 1,662 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Super Group (SGHC) by 17.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,676 shares of the company’s stock worth $98,000 after buying an additional 2,307 shares during the period. Signaturefd LLC grew its stake in Super Group (SGHC) by 95.9% in the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company’s stock valued at $35,000 after buying an additional 2,662 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Super Group (SGHC) by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,279 shares of the company’s stock worth $531,000 after acquiring an additional 2,997 shares during the period. Institutional investors and hedge funds own 5.09% of the company’s stock.

About Super Group (SGHC)

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.