BTIG Research Reaffirms Buy Rating for Super Group (SGHC) (NYSE:SGHC)

Key Points

• BTIG Research has reiterated a “buy” rating for Super Group (SGHC) with a target price of $14.00, indicating a potential upside of 9.93% from the stock's previous close.
• The stock is currently trading at $12.74 and has experienced a 0.7% decline recently, with a market capitalization of $6.41 billion.
• Super Group recently reported $0.11 EPS for the quarter, missing analysts' expectations, but exceeded revenue estimates with $579 million reported revenue.

BTIG Research reissued their buy rating on shares of Super Group (SGHC) (NYSE:SGHC - Free Report) in a report issued on Thursday,Benzinga reports. They currently have a $14.00 price objective on the stock.

Other analysts also recently issued reports about the company. JMP Securities started coverage on Super Group (SGHC) in a research report on Monday, July 14th. They issued a "market outperform" rating and a $15.00 price target for the company. Citigroup initiated coverage on Super Group (SGHC) in a report on Monday, July 14th. They set an "outperform" rating for the company. UBS Group set a $18.00 price objective on Super Group (SGHC) in a research report on Thursday. Benchmark upped their price target on Super Group (SGHC) from $16.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Wall Street Zen downgraded Super Group (SGHC) from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $15.30.

Super Group (SGHC) Price Performance

Super Group (SGHC) stock traded up $0.08 during mid-day trading on Thursday, reaching $11.77. The stock had a trading volume of 4,975,802 shares, compared to its average volume of 3,808,775. Super Group has a one year low of $3.44 and a one year high of $13.71. The company has a 50-day moving average price of $11.63 and a two-hundred day moving average price of $9.52. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 45.27 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its earnings results on Thursday, September 4th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Super Group (SGHC) had a return on equity of 36.68% and a net margin of 6.42%.The business had revenue of $579.00 million during the quarter, compared to analysts' expectations of $503.00 million. On average, equities research analysts anticipate that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Thursday, September 18th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 18th. Super Group (SGHC)'s dividend payout ratio (DPR) is presently 61.54%.

Hedge Funds Weigh In On Super Group (SGHC)

Hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its position in Super Group (SGHC) by 132.1% during the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company's stock worth $27,000 after buying an additional 1,396 shares in the last quarter. Quarry LP lifted its stake in shares of Super Group (SGHC) by 364.3% in the first quarter. Quarry LP now owns 3,988 shares of the company's stock worth $26,000 after acquiring an additional 3,129 shares in the last quarter. GAMMA Investing LLC increased its holdings in Super Group (SGHC) by 4,606.6% in the first quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock valued at $28,000 after buying an additional 4,192 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Super Group (SGHC) by 56.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock worth $30,000 after purchasing an additional 1,662 shares during the period. Finally, Signaturefd LLC raised its position in shares of Super Group (SGHC) by 95.9% during the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company's stock worth $35,000 after purchasing an additional 2,662 shares during the period. Hedge funds and other institutional investors own 5.09% of the company's stock.

Super Group (SGHC) Company Profile

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.