Super Group (SGHC) Limited (NYSE:SGHC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, 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 1 year price target among brokers that have issued ratings on the stock in the last year is $18.7143.

Several brokerages recently issued reports on SGHC. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. Benchmark raised their target price on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. BTIG Research lifted their price target 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 upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Citizens Jmp increased their price objective on shares of Super Group (SGHC) from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 8th.

Super Group (SGHC) Stock Performance

SGHC stock opened at $13.10 on Friday. Super Group has a 1-year low of $8.46 and a 1-year high of $15.86. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. The firm has a market cap of $6.62 billion, a PE ratio of 18.11 and a beta of 1.07. The business’s 50-day moving average price is $14.00 and its two-hundred day moving average price is $12.18.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business 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 forecast that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, June 23rd. Super Group (SGHC)’s dividend payout ratio is 27.78%.

Insider Buying and Selling at Super Group (SGHC)

In other news, COO Kirsty Farrah Ross sold 54,551 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $762,077.47. Following the completion of the transaction, the chief operating officer directly owned 88,261 shares of the company’s stock, valued at $1,233,006.17. This represents a 38.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Alinda Van sold 22,644 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $13.97, for a total value of $316,336.68. Following the transaction, the chief financial officer owned 27,566 shares of the company’s stock, valued at approximately $385,097.02. The trade was a 45.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 229,836 shares of company stock valued at $3,164,926 in the last 90 days. 10.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Super Group (SGHC)

Several institutional investors have recently bought and sold shares of SGHC. CIBC Private Wealth Group LLC acquired a new position in Super Group (SGHC) during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. raised its holdings in shares of Super Group (SGHC) by 119.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company’s stock valued at $71,000 after purchasing an additional 3,244 shares during the last quarter. Independent Financial Group LLC acquired a new stake in shares of Super Group (SGHC) in the first quarter valued at approximately $114,000. Wealthspire Advisors LLC bought a new stake in shares of Super Group (SGHC) in the fourth quarter worth $120,000. Finally, Teza Capital Management LLC acquired a new position in Super Group (SGHC) during the second quarter worth $121,000. 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.