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

Super Group (SGHC) Limited (NYSE:SGHC) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $18.4286.

SGHC has been the subject of several analyst reports. Zacks Research cut shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. BTIG Research upped their price target on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday. Benchmark increased their price target on shares of Super Group (SGHC) from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Wall Street Zen raised shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Citizens Jmp lifted their price objective on shares of Super Group (SGHC) from $17.00 to $19.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 8th.

Super Group (SGHC) Stock Down 0.1%

SGHC stock opened at $14.71 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average price of $13.69 and a two-hundred day moving average price of $11.73. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 30.46 and a beta of 1.06. Super Group has a twelve month low of $8.46 and a twelve 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 return on equity of 42.85% and a net margin of 10.58%.The company had revenue of $578.00 million for the quarter. Analysts anticipate that Super Group will post 0.8 EPS for the current fiscal year.

Super Group (SGHC) Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, June 23rd. Super Group (SGHC)’s dividend payout ratio (DPR) is 41.67%.

Insider Transactions at Super Group (SGHC)

In other Super Group (SGHC) news, COO Kirsty Farrah Ross sold 25,356 shares of the company’s stock in a transaction that occurred 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 $351,000. This represents a 48.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Wyk Alinda Van sold 78,837 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total value of $1,080,066.90. The SEC filing for this sale provides additional information. Insiders have sold 104,201 shares of company stock valued at $1,409,805 in the last quarter. 10.41% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SGHC. Baron Wealth Management LLC bought a new stake in Super Group (SGHC) in the 2nd quarter valued at $158,000. Prospect Capital Advisors LLC lifted its holdings in 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 valued at $11,255,000 after purchasing an additional 313,100 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in Super Group (SGHC) during the first quarter worth $2,662,000. Bank of America Corp DE boosted its position in Super Group (SGHC) by 172.5% during the first 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. Finally, Anson Funds Management LP increased its holdings in shares of Super Group (SGHC) by 108.3% in the first quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock valued at $5,737,000 after purchasing an additional 276,214 shares during the last quarter. 5.09% of the stock is currently owned by institutional investors.

About Super Group (SGHC)

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.