Super Group (SGHC) (NYSE:SGHC) Stock Rating Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Super Group (SGHC) (NYSE:SGHC) from a hold rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Several other equities research analysts have also weighed in on SGHC. Needham & Company LLC upped their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Barclays started coverage on shares of Super Group (SGHC) in a report on Friday, October 23rd. They set an “equal weight” rating and a $13.00 price target for the company. Citizens Jmp restated a “market outperform” rating and issued a $19.00 price target on shares of Super Group (SGHC) in a research report on Monday, August 31st. Weiss Ratings cut shares of Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. Finally, Benchmark raised their price objective on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.20.

Super Group (SGHC) Stock Performance

NYSE SGHC opened at $11.34 on Friday. The company’s fifty day moving average is $12.01 and its two-hundred day moving average is $12.17. Super Group has a 52-week low of $8.46 and a 52-week high of $15.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.34 and a quick ratio of 1.83. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 13.95 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Super Group (SGHC) had a return on equity of 49.92% and a net margin of 16.74%. The business had revenue of $611.00 million for the quarter, compared to analysts’ expectations of $623.50 million. Equities research analysts forecast that Super Group will post 0.92 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 22nd. Super Group (SGHC)’s payout ratio is currently 24.69%.

Insider Activity

In related news, CTO Alon Ben – David sold 23,300 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $13.79, for a total transaction of $321,307.00. Following the transaction, the chief technology officer owned 7,814 shares in the company, valued at $107,755.06. This represents a 74.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Kirsty Ross sold 40,000 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $14.00, for a total transaction of $560,000.00. Following the sale, the chief operating officer directly owned 48,261 shares in the company, valued at approximately $675,654. This represents a 45.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 66,024 shares of company stock worth $910,563. 10.41% of the stock is owned by corporate insiders.

Institutional Trading of Super Group (SGHC)

Several hedge funds have recently modified their holdings of SGHC. Globeflex Capital L P acquired a new stake in shares of Super Group (SGHC) in the 2nd quarter valued at $1,265,000. Prospect Capital Advisors LLC raised its position in shares of Super Group (SGHC) by 42.9% during the first quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after acquiring an additional 313,100 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Super Group (SGHC) by 579.3% during the first quarter. Quantinno Capital Management LP now owns 111,764 shares of the company’s stock worth $1,207,000 after acquiring an additional 95,311 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Super Group (SGHC) during the first quarter worth $2,662,000. Finally, Anson Funds Management LP lifted its stake in shares of Super Group (SGHC) by 108.3% during the first quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock valued at $5,737,000 after acquiring an additional 276,214 shares during the period. 5.09% of the stock is owned by institutional investors.

About Super Group (SGHC)

Super Group (SGHC) Ltd. is a global online sports betting and gaming company. Its principal brands are Betway, an online sportsbook and casino operator, and Spin, an online casino brand. Through these businesses, Super Group offers sports wagering, casino games, live casino products and related digital gaming services.

The company serves customers across multiple international markets, including regions in Africa, Asia, Europe, North America and South America, subject to local regulatory requirements.