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

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

SGHC has been the topic of several other reports. UBS Group set a $18.00 price objective on Super Group (SGHC) in a research note on Thursday, September 18th. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a report on Monday, September 22nd. BTIG Research upped their price objective on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Needham & Company LLC increased their price objective on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Macquarie restated an “outperform” rating and issued a $19.00 target price on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $16.30.

Super Group (SGHC) Stock Performance

Shares of NYSE:SGHC opened at $9.95 on Monday. Super Group has a 1 year low of $5.59 and a 1 year high of $14.38. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 23.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. The company’s 50 day simple moving average is $11.52 and its 200 day simple moving average is $11.81.

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

Super Group (SGHC) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 15th were given a dividend of $0.04 per share. The ex-dividend date was Monday, December 15th. This represents a $0.16 annualized dividend and a yield of 1.6%. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 37.21%.

Hedge Funds Weigh In On Super Group (SGHC)

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its holdings in shares of Super Group (SGHC) by 132.1% during the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after purchasing an additional 1,396 shares during the period. SBI Securities Co. Ltd. raised its position in Super Group (SGHC) by 67,900.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after purchasing an additional 2,716 shares during the last quarter. Greenwich Wealth Management LLC acquired a new position in Super Group (SGHC) during the 2nd quarter worth about $112,000. Scotia Capital Inc. bought a new stake in shares of Super Group (SGHC) in the 2nd quarter valued at about $113,000. Finally, Teza Capital Management LLC bought a new stake in shares of Super Group (SGHC) in the 2nd quarter valued at about $121,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

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.