Super Group (SGHC) Limited (NYSE:SGHC) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $18.4286.

Several research analysts recently commented on the stock. Citizens Jmp raised their price target on shares of Super Group (SGHC) from $17.00 to $19.00 and gave the company a “market outperform” rating in a report on Wednesday, July 8th. Benchmark increased their price objective on shares of Super Group (SGHC) from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. BTIG Research raised their target price on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Wall Street Zen raised shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th.

Insider Transactions at Super Group (SGHC)

In other news, COO Kirsty Farrah Ross sold 25,356 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total transaction of $329,628.00. Following the completion of the transaction, the chief operating officer directly owned 27,000 shares of the company’s stock, valued at approximately $351,000. This represents a 48.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Wyk Alinda Van sold 78,837 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total transaction of $1,080,066.90. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 104,201 shares of company stock valued at $1,409,805 over the last quarter. Insiders own 10.41% of the company’s stock.

Hedge Funds Weigh In On Super Group (SGHC)

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SGHC. Ninety One UK Ltd acquired a new stake in Super Group (SGHC) during the 4th quarter worth about $4,987,000. Massachusetts Financial Services Co. MA purchased a new stake in Super Group (SGHC) during the fourth quarter valued at about $1,509,000. Norges Bank acquired a new position in shares of Super Group (SGHC) in the fourth quarter worth about $23,791,000. AYAL Capital Advisors Ltd acquired a new position in shares of Super Group (SGHC) in the fourth quarter worth about $4,510,000. Finally, Findell Capital Management LLC boosted its holdings in shares of Super Group (SGHC) by 40.3% in the fourth quarter. Findell Capital Management LLC now owns 940,000 shares of the company’s stock worth $11,233,000 after buying an additional 269,901 shares during the period. 5.09% of the stock is owned by institutional investors.

Super Group (SGHC) Stock Up 0.0%

Shares of NYSE SGHC opened at $14.36 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. Super Group has a 52 week low of $8.46 and a 52 week high of $15.86. The firm has a 50-day moving average price of $13.87 and a 200 day moving average price of $11.84. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 29.74 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. The business had revenue of $612.00 million during the quarter, compared to analysts’ expectations of $584.75 million. Equities research analysts anticipate that Super Group will post 0.8 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, June 23rd. Super Group (SGHC)’s dividend payout ratio is 41.67%.

About Super Group (SGHC)

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.