Super Group (SGHC) Limited (NYSE:SGHC) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $18.7143.

SGHC has been the subject of several analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Super Group (SGHC) in a report on Thursday, August 13th. Benchmark lifted their target price on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Citizens Jmp reissued a "market outperform" rating and issued a $19.00 target price on shares of Super Group (SGHC) in a report on Monday, August 31st. Needham & Company LLC increased their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded Super Group (SGHC) from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th.

Insider Buying and Selling

In related news, CFO Wyk Van sold 22,644 shares of the company's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $316,336.68. Following the transaction, the chief financial officer owned 27,566 shares in the company, valued at $385,097.02. This represents a 45.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Neal Menashe sold 48,440 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $676,706.80. Following the sale, the chief executive officer directly owned 730,733 shares in the company, valued at approximately $10,208,340.01. This represents a 6.22% decrease in their position. 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 have sold a total of 165,643 shares of company stock worth $2,315,231 in the last 90 days. Corporate insiders own 10.41% of the company's stock.

Institutional Trading of Super Group (SGHC)

Several hedge funds have recently modified their holdings of SGHC. Prospect Capital Advisors LLC raised its position in Super Group (SGHC) by 42.9% in the 1st quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company's stock worth $11,255,000 after purchasing an additional 313,100 shares during the last quarter. Globeflex Capital L P bought a new position in Super Group (SGHC) in the 2nd quarter valued at $1,265,000. Norges Bank bought a new position in Super Group (SGHC) in the 4th quarter valued at $23,791,000. Quantinno Capital Management LP increased its stake in shares of Super Group (SGHC) by 579.3% in the 1st quarter. Quantinno Capital Management LP now owns 111,764 shares of the company's stock valued at $1,207,000 after buying an additional 95,311 shares during the period. Finally, Anson Funds Management LP increased its stake in shares of Super Group (SGHC) by 108.3% in the 1st quarter. Anson Funds Management LP now owns 531,214 shares of the company's stock valued at $5,737,000 after buying an additional 276,214 shares during the period. 5.09% of the stock is owned by institutional investors.

Super Group (SGHC) Price Performance

Super Group (SGHC) stock opened at $14.00 on Tuesday. The business has a 50 day simple moving average of $14.05 and a 200 day simple moving average of $12.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $7.08 billion, a PE ratio of 19.36 and a beta of 1.06. Super Group has a one year low of $8.46 and a one year high of $15.86.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $684.00 million for the quarter, compared to analyst estimates of $659.90 million. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. On average, sell-side analysts forecast that Super Group will post 0.8 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The firm also recently declared 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 of this dividend was Tuesday, June 23rd. Super Group (SGHC)'s payout ratio is currently 27.78%.

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.

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