Super Group (SGHC) (NYSE:SGHC) Price Target Raised to $19.00 at Benchmark

Super Group (SGHC) (NYSE:SGHC) had its price target upped by Benchmark from $18.00 to $19.00 in a research note published on Friday, MarketBeat reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the stock. BTIG Research restated a “buy” rating and set a $16.00 price target on shares of Super Group (SGHC) in a report on Thursday, April 16th. Citizens Jmp increased their price objective on Super Group (SGHC) from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday. Wall Street Zen upgraded Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Zacks Research lowered Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.00.

Super Group (SGHC) Trading Up 0.8%

Shares of NYSE SGHC traded up $0.12 during trading on Friday, hitting $14.91. 1,793,149 shares of the company were exchanged, compared to its average volume of 3,107,312. The company has a fifty day moving average price of $13.51 and a 200-day moving average price of $11.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $7.54 billion, a PE ratio of 30.87 and a beta of 1.06. Super Group has a 12-month low of $8.46 and a 12-month high of $15.73.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings data on Saturday, April 18th. The company reported $0.13 earnings per share (EPS) for the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. The firm had revenue of $578.00 million during the quarter. As a group, equities research analysts expect that Super Group will post 0.8 EPS for the current year.

Super Group (SGHC) Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, June 23rd. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 41.67%.

Insiders Place Their Bets

In related news, COO Kirsty Farrah Ross sold 25,356 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total value of $329,628.00. Following the sale, the chief operating officer owned 27,000 shares in the company, valued at approximately $351,000. The trade was a 48.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value 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 ninety days. Insiders own 10.41% of the company’s stock.

Institutional Trading of Super Group (SGHC)

Several hedge funds have recently made changes to their positions in SGHC. CIBC Private Wealth Group LLC acquired a new position in shares of Super Group (SGHC) in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. lifted its holdings in Super Group (SGHC) by 119.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company’s stock worth $71,000 after buying an additional 3,244 shares in the last quarter. Wealthspire Advisors LLC purchased a new position in Super Group (SGHC) in the 4th quarter valued at approximately $120,000. Independent Financial Group LLC purchased a new position in Super Group (SGHC) in the 1st quarter valued at approximately $114,000. Finally, Cibc World Markets Corp acquired a new position in shares of Super Group (SGHC) in the fourth quarter worth $126,000. Institutional investors and hedge funds 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.