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

Super Group (SGHC) Limited (NYSE:SGHC) has been given an average recommendation of “Buy” by the eleven brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $16.40.

SGHC has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price objective on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. UBS Group set a $18.00 price target on Super Group (SGHC) in a report on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Thursday, October 30th. Macquarie reiterated an “outperform” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Finally, Wall Street Zen raised Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 9th.

Super Group (SGHC) Stock Up 0.1%

Super Group (SGHC) stock opened at $12.10 on Wednesday. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 28.13 and a beta of 1.09. The company’s 50 day simple moving average is $12.54 and its 200 day simple moving average is $11.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. Super Group has a fifty-two week low of $5.45 and a fifty-two week high of $14.38.

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

Super Group (SGHC) Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Thursday, September 18th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, September 18th. Super Group (SGHC)’s dividend payout ratio is 37.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in Super Group (SGHC) by 132.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after acquiring an additional 1,396 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Super Group (SGHC) by 67,900.0% in the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after purchasing an additional 2,716 shares in the last quarter. Quarry LP lifted its position in shares of Super Group (SGHC) by 364.3% in the first quarter. Quarry LP now owns 3,988 shares of the company’s stock worth $26,000 after purchasing an additional 3,129 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Super Group (SGHC) by 56.6% during the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company’s stock worth $30,000 after purchasing an additional 1,662 shares during the last quarter. Finally, Signaturefd LLC grew its position in Super Group (SGHC) by 95.9% in the first quarter. Signaturefd LLC now owns 5,439 shares of the company’s stock valued at $35,000 after purchasing an additional 2,662 shares in the last quarter. 5.09% of the stock is owned by institutional investors and hedge funds.

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.