Super Group (SGHC) Limited (SGHC) – What Are Researchers Thinking About This Stock?

Super Group (SGHC) Limited (NYSE:SGHC) has been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $19.00.

Several research analysts recently weighed in on SGHC shares. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Weiss Ratings lowered Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. Citizens Jmp reiterated a “market outperform” rating and set a $19.00 target price on shares of Super Group (SGHC) in a research report on Monday, August 31st. Benchmark lifted their target price on Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, BTIG Research boosted their price target on Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, July 17th.

Super Group (SGHC) Price Performance

NYSE SGHC opened at $11.32 on Friday. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 15.65 and a beta of 1.10. The company’s 50 day moving average is $12.93 and its two-hundred day moving average is $12.99. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $684.00 million during the quarter, compared to the consensus estimate of $659.90 million. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. As a group, research analysts anticipate that Super Group will post 0.80 earnings per share for the current year.

Super Group (SGHC) Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 27.78%.

Insider Activity at Super Group (SGHC)

In other news, COO Kirsty Ross sold 54,551 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $13.97, for a total value of $762,077.47. Following the transaction, the chief operating officer owned 88,261 shares of the company’s stock, valued at approximately $1,233,006.17. The trade was a 38.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Alon Ben – David sold 23,300 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $13.79, for a total transaction of $321,307.00. Following the transaction, the chief technology officer owned 7,814 shares of the company’s stock, valued at approximately $107,755.06. This represents a 74.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 188,935 shares of company stock worth $2,636,428 over the last ninety days. 10.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Super Group (SGHC) in the second quarter worth about $674,000. Globeflex Capital L P bought a new position in Super Group (SGHC) during the second quarter valued at approximately $1,265,000. Baron Wealth Management LLC purchased a new position in Super Group (SGHC) during the 2nd quarter valued at approximately $158,000. Prospect Capital Advisors LLC grew its holdings in Super Group (SGHC) by 42.9% during the 1st quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock valued at $11,255,000 after buying an additional 313,100 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in Super Group (SGHC) in the 1st quarter worth approximately $2,662,000. Institutional investors own 5.09% of the company’s stock.

About Super Group (SGHC)

Super Group (SGHC) Limited is a global online sports betting and gaming company. Its principal brands include Betway, an online sportsbook and casino operator, and Spin, an online casino and gaming platform. Through these brands, the company offers sports wagering, casino games, live dealer products, poker and related digital entertainment services, subject to local regulations.

Super Group serves customers across multiple international markets, with operations and licenses spanning regions including Europe, Africa, the Americas and other parts of the world.