Super Group (SGHC) (NYSE:SGHC) Cut to Buy at Wall Street Zen

by · The Markets Daily

Wall Street Zen cut shares of Super Group (SGHC) (NYSE:SGHC – Free Report) from a strong-buy rating to a buy rating in a report issued on Saturday.

Several other research analysts have also recently weighed in on the company. Benchmark lowered their price objective on Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Canaccord Genuity Group raised their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a report on Monday, September 22nd. Needham & Company LLC increased their target price on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, BTIG Research 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, November 5th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $16.30.

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

Super Group (SGHC) Trading Up 0.4%

Shares of SGHC stock opened at $11.96 on Friday. Super Group has a 12-month low of $5.45 and a 12-month high of $14.38. The company has a market capitalization of $6.02 billion, a PE ratio of 27.82 and a beta of 1.09. The firm has a 50 day moving average price of $11.65 and a two-hundred day moving average price of $11.73. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02.

Super Group (SGHC) (NYSE:SGHC – Get Free Report) last announced its earnings results on Monday, November 3rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. The company had revenue of $557.00 million for the quarter, compared to analyst estimates of $436.19 million. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%. As a group, analysts predict that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 15th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, December 15th. Super Group (SGHC)’s dividend payout ratio is 37.21%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. acquired a new position in Super Group (SGHC) during the third quarter valued at approximately $669,000. Penn Capital Management Company LLC bought a new position in shares of Super Group (SGHC) in the 3rd quarter valued at $651,000. CIBC Bancorp USA Inc. acquired a new position in shares of Super Group (SGHC) during the 3rd quarter worth $224,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Super Group (SGHC) by 144.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 767,099 shares of the company’s stock worth $10,126,000 after buying an additional 453,563 shares during the last quarter. Finally, PDT Partners LLC boosted its stake in Super Group (SGHC) by 39.0% in the third quarter. PDT Partners LLC now owns 244,863 shares of the company’s stock valued at $3,232,000 after buying an additional 68,760 shares in the last quarter. 5.09% of the stock is owned by institutional investors.

Super Group (SGHC) Company Profile

(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.

Featured Stories