Super Group (SGHC) Limited (NYSE:SGHC) Receives $17.57 Average Target Price from Analysts

Super Group (SGHC) Limited (NYSE:SGHC) has received an average rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $17.5714.

A number of equities analysts have recently weighed in on SGHC shares. Wall Street Zen raised Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. BTIG Research reissued a “buy” rating and issued a $16.00 price target on shares of Super Group (SGHC) in a research report on Thursday, April 16th. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, May 20th. Weiss Ratings upgraded shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Zacks Research lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th.

Insider Buying and Selling at Super Group (SGHC)

In related news, CFO Wyk Alinda Van sold 78,837 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total value of $1,080,066.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Neal Menashe sold 78,530 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $841,056.30. Following the sale, the chief executive officer directly owned 676,334 shares of the company’s stock, valued at $7,243,537.14. This represents a 10.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 285,987 shares of company stock worth $3,356,733 in the last quarter. 10.41% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Ninety One UK Ltd bought a new position in Super Group (SGHC) during the 4th quarter valued at $4,987,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Super Group (SGHC) in the 4th quarter worth $1,509,000. Algert Global LLC grew its stake in shares of Super Group (SGHC) by 2,639.6% in the 3rd quarter. Algert Global LLC now owns 733,109 shares of the company’s stock worth $9,677,000 after acquiring an additional 706,349 shares in the last quarter. Norges Bank purchased a new stake in shares of Super Group (SGHC) in the fourth quarter valued at about $23,791,000. Finally, American Century Companies Inc. raised its holdings in shares of Super Group (SGHC) by 3.0% in the third quarter. American Century Companies Inc. now owns 5,366,058 shares of the company’s stock valued at $70,832,000 after purchasing an additional 156,351 shares during the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Stock Performance

Shares of Super Group (SGHC) stock opened at $13.97 on Thursday. The business has a 50-day simple moving average of $13.18 and a 200 day simple moving average of $11.48. Super Group has a one year low of $8.46 and a one year high of $14.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 28.93 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings results 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 business had revenue of $578.00 million for the quarter. On average, research analysts anticipate that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

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

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.