Super Group (SGHC) Limited (NYSE:SGHC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Super Group (SGHC) Limited (NYSE:SGHCGet Free Report) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $16.75.

Several equities analysts have recently commented on the company. Benchmark raised 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 Tuesday, February 24th. BTIG Research restated a “buy” rating and set a $16.00 price target on shares of Super Group (SGHC) in a research note on Thursday, April 16th. Wall Street Zen lowered Super Group (SGHC) from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Finally, Zacks Research lowered Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th.

Check Out Our Latest Report on Super Group (SGHC)

Super Group (SGHC) News Roundup

Here are the key news stories impacting Super Group (SGHC) this week:

Insider Buying and Selling

In other Super Group (SGHC) news, General Counsel Martine Nathan sold 4,761 shares of Super Group (SGHC) stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $50,990.31. Following the transaction, the general counsel owned 30,172 shares in the company, valued at $323,142.12. The trade was a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Kirsty Farrah Ross sold 47,391 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $507,557.61. Following the completion of the sale, the insider directly owned 96,984 shares of the company’s stock, valued at approximately $1,038,698.64. This represents a 32.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 181,786 shares of company stock worth $1,946,928 over the last ninety days. 10.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Super Group (SGHC)

A number of institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in shares of Super Group (SGHC) by 3.0% during the third quarter. American Century Companies Inc. now owns 5,366,058 shares of the company’s stock worth $70,832,000 after purchasing an additional 156,351 shares during the period. Invesco Ltd. lifted its holdings in shares of Super Group (SGHC) by 324.3% during the fourth 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 lifted its holdings 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 purchasing an additional 202,144 shares during the period. Millennium Management LLC lifted its holdings in shares of 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 during the period. Finally, Norges Bank acquired a new stake in shares of Super Group (SGHC) during the fourth quarter worth about $23,791,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group (SGHC) Stock Performance

SGHC stock opened at $12.93 on Wednesday. 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 business’s fifty day simple moving average is $11.35 and its two-hundred day simple moving average is $11.03. Super Group has a twelve month low of $8.12 and a twelve month high of $14.38. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 26.77 and a beta of 1.11.

Super Group (SGHC) (NYSE:SGHCGet Free Report) last released its earnings results on Saturday, April 18th. The company reported $0.13 earnings per share for the quarter. Super Group (SGHC) had a return on equity of 42.68% and a net margin of 10.58%.The business had revenue of $578.00 million for the quarter. Analysts predict that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a 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%.

About Super Group (SGHC)

(Get Free Report)

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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Analyst Recommendations for Super Group (SGHC) (NYSE:SGHC)

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