Brokerages Set Super Group (SGHC) Limited (NYSE:SGHC) Price Target at $18.43

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have received an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $18.4286.

Several research analysts recently commented on the company. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Zacks Research cut Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. BTIG Research boosted their price objective on Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Weiss Ratings raised Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th.

Insiders Place Their Bets

In other Super Group (SGHC) news, COO Kirsty Farrah Ross sold 25,356 shares of Super Group (SGHC) stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total transaction of $329,628.00. Following the completion of the sale, the chief operating officer directly owned 27,000 shares of the company’s stock, valued at $351,000. The trade was a 48.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Wyk Alinda Van sold 78,837 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total value of $1,080,066.90. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 104,201 shares of company stock worth $1,409,805 over the last 90 days. Company insiders own 10.41% of the company’s stock.

Hedge Funds Weigh In On Super Group (SGHC)

Several large investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its stake in Super Group (SGHC) by 324.3% during the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock worth $55,828,000 after purchasing an additional 3,570,825 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Super Group (SGHC) by 4.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,639,678 shares of the company’s stock worth $55,444,000 after acquiring an additional 202,144 shares during the period. Millennium Management LLC raised its holdings in Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after purchasing an additional 1,532,666 shares in the last quarter. Norges Bank purchased a new position in Super Group (SGHC) during the fourth quarter worth about $23,791,000. Finally, Vanguard Group Inc. lifted its position in Super Group (SGHC) by 8.3% in the third quarter. Vanguard Group Inc. now owns 1,988,987 shares of the company’s stock valued at $26,255,000 after purchasing an additional 152,362 shares during the period. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group (SGHC) Trading Down 0.9%

SGHC opened at $14.36 on Monday. Super Group has a one year low of $8.46 and a one year high of $15.86. The stock has a market capitalization of $7.27 billion, a PE ratio of 29.74 and a beta of 1.06. The business’s 50 day moving average price is $13.87 and its 200 day moving average price is $11.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%.The firm had revenue of $612.00 million during the quarter, compared to the consensus estimate of $584.75 million. As a group, equities research analysts expect that Super Group will post 0.8 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, June 23rd. Super Group (SGHC)’s payout ratio is 41.67%.

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.