Super Group (SGHC)’s (SGHC) “Buy” Rating Reaffirmed at BTIG Research

BTIG Research reaffirmed their buy rating on shares of Super Group (SGHC) (NYSE:SGHC) in a report published on Friday morning,Benzinga reports. BTIG Research currently has a $19.00 target price on the stock.

Other analysts have also issued research reports about the stock. Macquarie reiterated an “outperform” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research note on Wednesday, November 5th. Needham & Company LLC raised their price target on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday. Finally, Benchmark reduced their target price on Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Super Group (SGHC) has an average rating of “Buy” and an average target price of $16.78.

Super Group (SGHC) Stock Down 6.0%

Shares of NYSE:SGHC opened at $9.47 on Friday. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 22.01 and a beta of 1.08. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. The business’s 50-day moving average is $10.99 and its 200-day moving average is $11.68. Super Group has a 1 year low of $5.59 and a 1 year high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last released its earnings results on Monday, November 3rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%.The business had revenue of $557.00 million during the quarter, compared to analysts’ expectations of $436.19 million. Equities research analysts predict that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

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

Hedge Funds Weigh In On Super Group (SGHC)

Several large investors have recently added to or reduced their stakes in SGHC. American Century Companies Inc. increased its holdings in Super Group (SGHC) by 3.0% during the 3rd quarter. American Century Companies Inc. now owns 5,366,058 shares of the company’s stock worth $70,832,000 after purchasing an additional 156,351 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Super Group (SGHC) by 97.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock valued at $58,575,000 after buying an additional 2,193,989 shares during the last quarter. Millennium Management LLC boosted its position in shares of Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after buying an additional 1,532,666 shares during the last quarter. Vanguard Group Inc. grew its holdings in Super Group (SGHC) by 8.3% during the third quarter. Vanguard Group Inc. now owns 1,988,987 shares of the company’s stock worth $26,255,000 after buying an additional 152,362 shares in the last quarter. Finally, Geode Capital Management LLC raised its position 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 valued at $20,717,000 after buying an additional 138,065 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

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.