Super Group (SGHC)’s (SGHC) “Buy” Rating Reiterated at BTIG Research

BTIG Research reissued their buy rating on shares of Super Group (SGHC) (NYSE:SGHC) in a research report released on Friday morning,Benzinga reports. The firm currently has a $19.00 target price on the stock.

A number of other research firms have also weighed in on SGHC. Macquarie restated an “outperform” rating and issued a $19.00 target price on shares of Super Group (SGHC) in a report on Wednesday, November 5th. Needham & Company LLC raised their price objective on Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Benchmark cut their price objective on shares of Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Wall Street Zen lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $16.78.

Super Group (SGHC) Trading Down 6.0%

Shares of Super Group (SGHC) stock opened at $9.47 on Friday. Super Group has a 52 week low of $5.59 and a 52 week high of $14.38. The stock has a 50 day moving average price of $10.99 and a two-hundred day moving average price of $11.68. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market capitalization of $4.76 billion, a PE ratio of 22.01 and a beta of 1.08.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. The firm had revenue of $557.00 million during the quarter, compared to analysts’ expectations of $436.19 million. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%. As a group, equities analysts anticipate that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

The business also recently declared a special dividend, which will be paid on Monday, February 9th. Investors of record on Monday, February 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 2nd. Super Group (SGHC)’s dividend payout ratio is presently 37.21%.

Institutional Trading of Super Group (SGHC)

Several hedge funds have recently added to or reduced their stakes in SGHC. Mercer Global Advisors Inc. ADV grew its position in shares of Super Group (SGHC) by 7.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,363 shares of the company’s stock valued at $216,000 after acquiring an additional 1,078 shares during the period. Nisa Investment Advisors LLC lifted its stake in Super Group (SGHC) by 132.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock valued at $27,000 after purchasing an additional 1,396 shares during the last quarter. Mariner LLC grew its holdings in Super Group (SGHC) by 1.4% during the third quarter. Mariner LLC now owns 103,271 shares of the company’s stock valued at $1,363,000 after purchasing an additional 1,471 shares during the period. Harvest Fund Management Co. Ltd increased its position in Super Group (SGHC) by 11.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 19,970 shares of the company’s stock worth $263,000 after buying an additional 2,032 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Super Group (SGHC) by 19.5% in the second quarter. Tower Research Capital LLC TRC now owns 14,928 shares of the company’s stock worth $164,000 after buying an additional 2,432 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

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.