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

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.7143.

A number of analysts recently commented on the company. Benchmark lifted their price objective on Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. BTIG Research lifted 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, July 17th. Finally, Citizens Jmp boosted their price target on shares of Super Group (SGHC) from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 8th.

Super Group (SGHC) Stock Up 2.2%

Shares of SGHC opened at $13.10 on Friday. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 18.11 and a beta of 1.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.83 and a current ratio of 1.83. The business’s fifty day moving average price is $14.00 and its two-hundred day moving average price is $12.18. Super Group has a 52 week low of $8.46 and a 52 week high of $15.86.

Super Group (SGHC) (NYSE:SGHC) last released its earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%.The firm had revenue of $684.00 million for the quarter, compared to the consensus estimate of $659.90 million. On average, analysts predict that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.5%. Super Group (SGHC)’s payout ratio is presently 27.78%.

Insider Activity

In other news, CEO Neal Menashe sold 48,440 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total value of $676,706.80. Following the transaction, the chief executive officer owned 730,733 shares of the company’s stock, valued at $10,208,340.01. This represents a 6.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kirsty Farrah Ross sold 54,551 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total value of $762,077.47. Following the completion of the transaction, the chief operating officer owned 88,261 shares in the company, valued at $1,233,006.17. This represents a 38.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 229,836 shares of company stock valued at $3,164,926 in the last 90 days. 10.41% of the stock is owned by company insiders.

Hedge Funds Weigh In On Super Group (SGHC)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGHC. AQR Capital Management LLC raised its position in shares of Super Group (SGHC) by 235.3% in the 1st quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock valued at $1,082,000 after acquiring an additional 117,869 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Super Group (SGHC) by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock valued at $574,000 after purchasing an additional 3,783 shares during the period. Millennium Management LLC increased its stake in Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after purchasing an additional 1,532,666 shares in the last quarter. Jane Street Group LLC bought a new stake in Super Group (SGHC) in the first quarter valued at approximately $1,523,000. Finally, JPMorgan Chase & Co. increased its stake in Super Group (SGHC) by 30.4% in the second quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock valued at $7,928,000 after purchasing an additional 168,622 shares in the last quarter. Institutional investors own 5.09% of the company’s stock.

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.