Super Group (SGHC) Limited (NYSE:SGHC) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analyst sentiment is moderately bullish: Eight analysts rate Super Group “Moderate Buy,” with six buy ratings and two holds. The average 12-month price target is $19.00, well above the reported $11.23 share price.
• Super Group’s latest quarter showed revenue of $684 million, exceeding estimates of $659.9 million, but adjusted earnings of $0.22 per share narrowly missed the $0.23 consensus forecast.
• The company declared a quarterly dividend of $0.05 per share, equivalent to $0.20 annually and a 1.8% yield. However, insiders sold 188,935 shares worth approximately $2.6 million during the last quarter.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $19.00.

Several research analysts have recently issued reports on the stock. Benchmark boosted 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. 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. Citigroup reiterated an "outperform" rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Citizens Jmp reissued a "market outperform" rating and set a $19.00 target price on shares of Super Group (SGHC) in a research report on Monday, August 31st. Finally, Needham & Company LLC boosted 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.

Super Group (SGHC) Trading Down 1.1%

Shares of Super Group (SGHC) stock opened at $11.23 on Friday. Super Group has a 1 year low of $8.46 and a 1 year high of $15.86. The company's fifty day simple moving average is $13.24 and its 200-day simple moving average is $12.96. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 15.54 and a beta of 1.10. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02.

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

Super Group (SGHC) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 22nd. Super Group (SGHC)'s dividend payout ratio (DPR) is presently 27.78%.

Insider Transactions at Super Group (SGHC)

In related news, CFO Wyk Van sold 22,644 shares of the company's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total value of $316,336.68. Following the completion of the transaction, the chief financial officer directly owned 27,566 shares in the company, valued at approximately $385,097.02. This represents a 45.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 the firm's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $13.79, for a total value of $321,307.00. Following the completion of the transaction, the chief technology officer directly owned 7,814 shares of the company's stock, valued at approximately $107,755.06. This trade represents a 74.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 188,935 shares of company stock worth $2,636,428 over the last quarter. 10.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On Super Group (SGHC)

Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Super Group (SGHC) during the 2nd quarter valued at about $674,000. Globeflex Capital L P acquired a new position in Super Group (SGHC) in the second quarter worth about $1,265,000. Baron Wealth Management LLC bought a new position in Super Group (SGHC) during the second quarter worth about $158,000. Prospect Capital Advisors LLC grew its stake in shares of 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 valued at $11,255,000 after purchasing an additional 313,100 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Super Group (SGHC) in the 1st quarter worth approximately $2,662,000. Institutional investors own 5.09% of the company's stock.

Super Group (SGHC) Company Profile

Super Group (SGHC) Limited is a global online sports betting and gaming company. Its principal brands include Betway, an online sportsbook and casino operator, and Spin, an online casino and gaming platform. Through these brands, the company offers sports wagering, casino games, live dealer products, poker and related digital entertainment services, subject to local regulations.

Super Group serves customers across multiple international markets, with operations and licenses spanning regions including Europe, Africa, the Americas and other parts of the world.

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