Super Group (SGHC) Limited (NYSE:SGHC) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts have given Super Group a consensus "Moderate Buy" rating from 10 firms (7 buy, 2 hold, 1 strong buy), with an average 1‑year target price of $16.75.
• SGHC is trading around $13.26 (up 2.9%), with a market cap of $6.71B and a P/E of 30.6; it reported last-quarter EPS of $0.13 on $578M revenue and analysts forecast about 0.8 EPS for the fiscal year.
• The company raised its quarterly dividend to $0.05 (annualized $0.20, ~1.5% yield), while insiders sold roughly 181,786 shares (~$1.95M) over the past three months, with insiders retaining 10.41% ownership.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $16.75.

Several brokerages have recently weighed in on SGHC. Weiss Ratings restated a "hold (c)" rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Zacks Research cut Super Group (SGHC) from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th. Benchmark increased their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday, February 24th. BTIG Research restated a "buy" rating and set a $16.00 price objective on shares of Super Group (SGHC) in a research note on Thursday, April 16th. Finally, Wall Street Zen downgraded Super Group (SGHC) from a "buy" rating to a "hold" rating in a report on Saturday, April 25th.

Super Group (SGHC) Trading Up 2.9%

SGHC opened at $13.26 on Wednesday. The firm's 50 day moving average is $11.10 and its 200-day moving average is $11.01. Super Group has a 52-week low of $8.08 and a 52-week high of $14.38. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $6.71 billion, a P/E ratio of 30.62 and a beta of 1.11.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last released its quarterly earnings results on Saturday, April 18th. The company reported $0.13 earnings per share for the quarter. Super Group (SGHC) had a net margin of 9.77% and a return on equity of 40.15%. The business had revenue of $578.00 million during the quarter. Analysts expect that Super Group will post 0.8 EPS for the current fiscal year.

Super Group (SGHC) Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Super Group (SGHC)'s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 16th. Super Group (SGHC)'s payout ratio is presently 46.51%.

Insider Activity at Super Group (SGHC)

In other Super Group (SGHC) news, insider Kirsty Farrah Ross sold 47,391 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $507,557.61. Following the transaction, the insider directly owned 96,984 shares in the company, valued at $1,038,698.64. This represents a 32.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Alinda Van sold 51,104 shares of the firm's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total transaction of $547,323.84. Following the transaction, the chief financial officer directly owned 78,837 shares of the company's stock, valued at approximately $844,344.27. This represents a 39.33% 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. Over the last three months, insiders sold 181,786 shares of company stock valued at $1,946,928. Insiders own 10.41% of the company's stock.

Hedge Funds Weigh In On Super Group (SGHC)

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in Super Group (SGHC) during the first quarter valued at approximately $1,615,000. Bleakley Financial Group LLC lifted its holdings in Super Group (SGHC) by 8.0% during the 1st quarter. Bleakley Financial Group LLC now owns 27,424 shares of the company's stock worth $296,000 after buying an additional 2,024 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Super Group (SGHC) by 34.0% in the 1st quarter. Principal Financial Group Inc. now owns 213,872 shares of the company's stock worth $2,310,000 after acquiring an additional 54,246 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Super Group (SGHC) by 5.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 156,289 shares of the company's stock worth $1,688,000 after acquiring an additional 8,145 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Super Group (SGHC) in the 1st quarter valued at approximately $284,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

About Super Group (SGHC)

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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