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

Super Group (SGHC) Limited (NYSE:SGHC) has received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $18.00.

A number of analysts have recently issued reports on SGHC shares. Benchmark raised their price target on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Needham & Company LLC boosted their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen cut shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. BTIG Research increased their price objective on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Finally, Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th.

Insider Buying and Selling at Super Group (SGHC)

In other news, CTO Alon Ben – David sold 23,300 shares of the 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 directly owned 7,814 shares of the company’s stock, valued at $107,755.06. This represents a 74.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Kirsty Ross sold 40,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $14.00, for a total value of $560,000.00. Following the completion of the transaction, the chief operating officer owned 48,261 shares in the company, valued at approximately $675,654. This trade represents a 45.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 10.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of Super Group (SGHC) by 172.5% in the 1st quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock worth $12,508,000 after purchasing an additional 733,073 shares during the period. Prospect Capital Advisors LLC boosted its holdings in shares of Super Group (SGHC) by 42.9% in the first quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after buying an additional 313,100 shares during the last quarter. Anson Funds Management LP grew its position in Super Group (SGHC) by 108.3% during the first quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock valued at $5,737,000 after buying an additional 276,214 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Super Group (SGHC) during the first quarter valued at approximately $2,662,000. Finally, Sanctuary Advisors LLC purchased a new stake in Super Group (SGHC) during the first quarter valued at approximately $1,615,000. Institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Trading Up 4.3%

Super Group (SGHC) stock opened at $11.29 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83. Super Group has a one year low of $8.46 and a one year high of $15.86. The stock has a market capitalization of $5.71 billion, a PE ratio of 15.62 and a beta of 1.09. The business’s fifty day moving average is $12.16 and its 200 day moving average is $12.14.

Super Group (SGHC) (NYSE:SGHC) last issued its earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. The business had revenue of $611.00 million during the quarter, compared to analyst estimates of $623.50 million. On average, sell-side analysts predict that Super Group will post 0.80 EPS for the current year.

Super Group (SGHC) Announces Dividend

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

About Super Group (SGHC)

Super Group (SGHC) Ltd. is a global online sports betting and gaming company. Its principal brands are Betway, an online sportsbook and casino operator, and Spin, an online casino brand. Through these businesses, Super Group offers sports wagering, casino games, live casino products and related digital gaming services.

The company serves customers across multiple international markets, including regions in Africa, Asia, Europe, North America and South America, subject to local regulatory requirements.