Super Group (SGHC) Limited (NYSE:SGHC) Stock Has Consensus Price Target of $18.00

Key Points

• Analysts give Super Group a “Moderate Buy” consensus, with six buy ratings and three holds. The average 12-month price target is $18.00, above the reported share price of $10.52.
• Insiders have been selling shares: executives sold 188,935 shares worth approximately $2.64 million over the past 90 days, while corporate insiders retain a 10.41% ownership stake.
• Super Group reported quarterly revenue of $684 million, exceeding estimates, but earnings per share of $0.22 fell slightly short of forecasts. The company also pays a quarterly dividend of $0.05 per share, implying a 1.9% annual yield.

Shares of Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $18.00.

A number of brokerages have commented on SGHC. Wall Street Zen lowered Super Group (SGHC) from a "buy" rating to a "hold" rating in a research report on Saturday, October 10th. Weiss Ratings downgraded Super Group (SGHC) from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, September 24th. Barclays assumed coverage on Super Group (SGHC) in a research report on Friday. They set an "equal weight" rating and a $13.00 target price for the company. Needham & Company LLC upped their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Benchmark raised their price target on Super Group (SGHC) from $19.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, August 5th.

Insider Buying and Selling at Super Group (SGHC)

In other Super Group (SGHC) news, CFO Wyk Van sold 22,644 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $13.97, for a total value of $316,336.68. Following the transaction, the chief financial officer directly owned 27,566 shares of the company's stock, valued at approximately $385,097.02. This trade represents a 45.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Alon Ben - David sold 23,300 shares of Super Group (SGHC) stock in a transaction on Monday, September 14th. The stock was sold at an average price of $13.79, for a total transaction of $321,307.00. Following the sale, the chief technology officer directly owned 7,814 shares of the company's stock, valued at $107,755.06. This represents a 74.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 188,935 shares of company stock valued at $2,636,428. 10.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Super Group (SGHC)

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its position in shares of Super Group (SGHC) by 172.5% in the 1st quarter. Bank of America Corp DE now owns 1,158,102 shares of the company's stock worth $12,508,000 after purchasing an additional 733,073 shares during the last quarter. Prospect Capital Advisors LLC grew its stake 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 purchasing an additional 313,100 shares during the period. Anson Funds Management LP grew 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 worth $5,737,000 after purchasing an additional 276,214 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Super Group (SGHC) in the first quarter valued at about $2,662,000. Finally, Sanctuary Advisors LLC bought a new stake in Super Group (SGHC) in the first quarter valued at about $1,615,000. Institutional investors own 5.09% of the company's stock.

Super Group (SGHC) Price Performance

SGHC opened at $10.52 on Wednesday. Super Group has a one year low of $8.46 and a one year high of $15.86. The company's 50 day simple moving average is $12.41 and its 200-day simple moving average is $12.13. The stock has a market capitalization of $5.32 billion, a P/E ratio of 14.55 and a beta of 1.10.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its quarterly 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). The company had revenue of $684.00 million for the quarter, compared to analyst estimates of $659.90 million. As a group, analysts anticipate that Super Group will post 0.80 EPS for the current year.

Super Group (SGHC) Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 22nd. Super Group (SGHC)'s payout ratio is 27.78%.

Super Group (SGHC) Company Profile

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.

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