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

by · The Cerbat Gem

Super Group (SGHC) Limited (NYSE:SGHCGet Free Report) has received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $18.7143.

Several equities analysts recently weighed in on SGHC shares. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Wall Street Zen raised shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Citizens Jmp reissued a “market outperform” rating and issued a $19.00 price target on shares of Super Group (SGHC) in a research note on Monday, August 31st. Needham & Company LLC raised their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Super Group (SGHC) in a research note on Thursday, August 13th.

Check Out Our Latest Stock Analysis on Super Group (SGHC)

Super Group (SGHC) Stock Performance

Super Group (SGHC) stock opened at $14.00 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. Super Group has a 1 year low of $8.46 and a 1 year high of $15.86. The company has a market cap of $7.08 billion, a PE ratio of 19.36 and a beta of 1.06. The company’s 50-day moving average is $14.05 and its two-hundred day moving average is $12.71.

Super Group (SGHC) (NYSE:SGHCGet Free Report) last issued its 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). Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. The business had revenue of $684.00 million during the quarter, compared to the consensus estimate of $659.90 million. Equities analysts anticipate that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The business 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. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.4%. Super Group (SGHC)’s dividend payout ratio (DPR) is 27.78%.

Insider Transactions at Super Group (SGHC)

In other news, COO Kirsty Ross sold 54,551 shares of the business’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 in the company, valued at approximately $1,233,006.17. The trade was a 38.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Van sold 22,644 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $13.97, for a total value of $316,336.68. Following the completion of the sale, the chief financial officer directly owned 27,566 shares of the company’s stock, valued at approximately $385,097.02. This trade represents 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. In the last ninety days, insiders sold 165,643 shares of company stock worth $2,315,231. 10.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Super Group (SGHC)

Large investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in Super Group (SGHC) by 250.7% in the second quarter. California State Teachers Retirement System now owns 30,244 shares of the company’s stock worth $410,000 after purchasing an additional 21,621 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Super Group (SGHC) during the second quarter worth $674,000. Globeflex Capital L P bought a new position in shares of Super Group (SGHC) during the second quarter worth $1,265,000. Baron Wealth Management LLC acquired a new position in shares of Super Group (SGHC) in the 2nd quarter valued at $158,000. Finally, Prospect Capital Advisors LLC increased its position in shares of Super Group (SGHC) by 42.9% in the 1st quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock valued at $11,255,000 after buying an additional 313,100 shares in the last quarter. Institutional investors own 5.09% of the company’s stock.

About Super Group (SGHC)

(Get Free Report)

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.

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