Super Group (SGHC) Limited (SGHC) – What Are Investment Firms Thinking About This Stock?
by Jessica Moore · The Cerbat GemSuper Group (SGHC) Limited (NYSE:SGHC – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $18.00.
SGHC has been the topic of several analyst reports. Benchmark lifted their target price on Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings lowered shares of Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. Barclays began coverage on Super Group (SGHC) in a report on Friday, October 23rd. They set an “equal weight” rating and a $13.00 price target on the stock. Citizens Jmp reiterated a “market outperform” rating and issued a $19.00 target price on shares of Super Group (SGHC) in a report on Monday, August 31st. Finally, Wall Street Zen cut shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th.
Check Out Our Latest Report on SGHC
Insider Transactions at Super Group (SGHC)
In other Super Group (SGHC) news, CTO Alon Ben – David sold 23,300 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $13.79, for a total value of $321,307.00. Following the transaction, the chief technology officer owned 7,814 shares of the company’s stock, valued at approximately $107,755.06. This represents a 74.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Kirsty Ross sold 40,000 shares of Super Group (SGHC) stock in a transaction on Friday, August 28th. The shares were sold at an average price of $14.00, for a total value of $560,000.00. Following the sale, the chief operating officer directly owned 48,261 shares of the company’s stock, valued at approximately $675,654. The trade was a 45.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 10.41% of the company’s stock.
Hedge Funds Weigh In On Super Group (SGHC)
Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in Super Group (SGHC) by 172.5% during 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 in the last quarter. Prospect Capital Advisors LLC lifted its holdings in shares of Super Group (SGHC) by 42.9% during the 1st quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after acquiring an additional 313,100 shares during the period. Anson Funds Management LP lifted its position in shares of Super Group (SGHC) by 108.3% during the 1st quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock worth $5,737,000 after buying an additional 276,214 shares during the last quarter. Sei Investments Co. boosted its position in Super Group (SGHC) by 3.3% in the first quarter. Sei Investments Co. now owns 410,386 shares of the company’s stock valued at $4,432,000 after buying an additional 13,048 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Super Group (SGHC) during the first quarter valued at about $2,662,000. Institutional investors and hedge funds own 5.09% of the company’s stock.
Super Group (SGHC) Trading Up 0.2%
SGHC stock opened at $10.71 on Wednesday. The business has a 50 day simple moving average of $12.26 and a two-hundred day simple moving average of $12.13. Super Group has a 1-year low of $8.46 and a 1-year high of $15.86. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 14.81 and a beta of 1.09. 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 (SGHC) (NYSE:SGHC – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. The business had revenue of $684.00 million during the quarter, compared to the consensus estimate of $659.90 million. Research analysts anticipate that Super Group will post 0.80 EPS for the current fiscal year.
Super Group (SGHC) Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 22nd. Super Group (SGHC)’s payout ratio is currently 27.78%.
Super Group (SGHC) Company Profile
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.
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