Super Group (SGHC) (NYSE:SGHC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Super Group (SGHC) (NYSE:SGHC) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday.

Other research analysts also recently issued reports about the stock. Benchmark reduced their target price on shares of Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, November 28th. BTIG Research increased their price objective on Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a research report on Monday, September 22nd. Needham & Company LLC upped their price target on Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, Canaccord Genuity Group lifted their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $16.30.

Super Group (SGHC) Stock Performance

Shares of Super Group (SGHC) stock opened at $11.62 on Friday. The firm has a market capitalization of $5.85 billion, a P/E ratio of 27.01 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. The business’s fifty day simple moving average is $11.64 and its 200 day simple moving average is $11.82. Super Group has a 12 month low of $5.45 and a 12 month high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last released its earnings results on Monday, November 3rd. The company reported $0.19 EPS 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 analysts’ expectations 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 anticipate that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders 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 yield of 1.4%. The ex-dividend date of this dividend was Monday, December 15th. Super Group (SGHC)’s payout ratio is presently 37.21%.

Hedge Funds Weigh In On Super Group (SGHC)

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings 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 worth $20,717,000 after buying an additional 138,065 shares during the last quarter. Legal & General Group Plc grew its position in Super Group (SGHC) by 841.4% in the second quarter. Legal & General Group Plc now owns 295,755 shares of the company’s stock worth $3,243,000 after acquiring an additional 264,339 shares in the last quarter. Squarepoint Ops LLC increased its stake in Super Group (SGHC) by 321.6% in the second quarter. Squarepoint Ops LLC now owns 625,421 shares of the company’s stock valued at $6,861,000 after acquiring an additional 477,084 shares during the last quarter. Acadian Asset Management LLC raised its position in Super Group (SGHC) by 58.1% during the second quarter. Acadian Asset Management LLC now owns 1,816,284 shares of the company’s stock valued at $19,902,000 after purchasing an additional 667,571 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Super Group (SGHC) during the second quarter worth about $325,000. 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.