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

Super Group (SGHC) Limited (NYSE:SGHC) has received an average rating of “Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $16.7778.

A number of research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday. Wall Street Zen lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a report on Monday, January 12th. Benchmark cut their price target on Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Macquarie restated an “outperform” rating and issued a $19.00 price target on shares of Super Group (SGHC) in a research note on Wednesday, November 5th. Finally, BTIG Research reissued a “buy” rating and issued a $19.00 target price on shares of Super Group (SGHC) in a report on Friday.

Institutional Investors Weigh In On Super Group (SGHC)

Several hedge funds have recently made changes to their positions in SGHC. Geode Capital Management LLC grew its stake in shares of Super Group (SGHC) by 7.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,888,540 shares of the company’s stock valued at $20,717,000 after purchasing an additional 138,065 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Super Group (SGHC) by 841.4% during the second quarter. Legal & General Group Plc now owns 295,755 shares of the company’s stock worth $3,243,000 after purchasing an additional 264,339 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Super Group (SGHC) by 321.6% during the second quarter. Squarepoint Ops LLC now owns 625,421 shares of the company’s stock worth $6,861,000 after purchasing an additional 477,084 shares during the period. Acadian Asset Management LLC grew its position in Super Group (SGHC) by 58.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company’s stock valued at $19,902,000 after buying an additional 667,571 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Super Group (SGHC) in the 2nd quarter valued at $325,000. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Super Group (SGHC) Stock Performance

Shares of SGHC opened at $9.47 on Monday. The firm’s fifty day simple moving average is $10.99 and its two-hundred day simple moving average is $11.68. Super Group has a 12 month low of $5.59 and a 12 month high of $14.38. The stock has a market capitalization of $4.76 billion, a P/E ratio of 22.01 and a beta of 1.08. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02.

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

Super Group (SGHC) Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Monday, February 9th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 2nd. Super Group (SGHC)’s dividend payout ratio is currently 37.21%.

Super Group (SGHC) Company Profile

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.