Super Group (SGHC) Limited (NYSE:SGHC) Receives $16.30 Average PT from Brokerages

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have been given a consensus rating of “Buy” by the ten analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $16.8889.

Several research firms have recently weighed in on SGHC. Macquarie reissued an “outperform” rating and set a $19.00 price target on shares of Super Group (SGHC) in a report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Thursday, October 30th. Wall Street Zen cut Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. BTIG Research boosted their price target on Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Needham & Company LLC increased their price objective on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th.

Institutional Investors Weigh In On Super Group (SGHC)

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in Super Group (SGHC) by 7.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company’s stock worth $20,717,000 after buying an additional 138,065 shares during the period. Legal & General Group Plc raised its holdings in Super Group (SGHC) by 841.4% during the second quarter. Legal & General Group Plc now owns 295,755 shares of the company’s stock valued at $3,243,000 after acquiring an additional 264,339 shares during the period. Squarepoint Ops LLC lifted its position in shares of Super Group (SGHC) by 321.6% in the second quarter. Squarepoint Ops LLC now owns 625,421 shares of the company’s stock valued at $6,861,000 after acquiring an additional 477,084 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Super Group (SGHC) by 58.1% in the second quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company’s stock worth $19,902,000 after acquiring an additional 667,571 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Super Group (SGHC) during the second quarter worth about $325,000. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Super Group (SGHC) Stock Performance

Shares of NYSE SGHC opened at $9.92 on Monday. The firm’s 50-day moving average price is $11.07 and its 200-day moving average price is $11.70. Super Group has a 52-week low of $5.59 and a 52-week high of $14.38. The company has a market cap of $4.99 billion, a PE ratio of 23.07 and a beta of 1.08. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%. The company had revenue of $557.00 million for the quarter, compared to the consensus estimate of $436.19 million. As a group, analysts anticipate that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Monday, February 9th. Shareholders of record on Monday, February 2nd will be given a $0.25 dividend. The ex-dividend date is Monday, February 2nd. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 37.21%.

Super Group (SGHC) Company Profile

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.