Super Group (SGHC) (NYSE:SGHC) Price Target Raised to $20.00

Super Group (SGHC) (NYSE:SGHC) had its price target increased by Benchmark from $19.00 to $20.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also weighed in on SGHC. BTIG Research raised their price objective on Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Citizens Jmp increased their price target on Super Group (SGHC) from $17.00 to $19.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 8th. Weiss Ratings raised Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Zacks Research cut Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.71.

Super Group (SGHC) Stock Up 0.4%

SGHC stock opened at $13.04 on Wednesday. The firm has a market cap of $6.60 billion, a PE ratio of 18.04 and a beta of 1.07. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.61. The firm has a 50 day simple moving average of $14.00 and a 200 day simple moving average of $12.08.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $684.00 million during the quarter, compared to analyst estimates of $659.90 million. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. Equities research analysts forecast that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, June 23rd. Super Group (SGHC)’s dividend payout ratio is presently 27.78%.

Insider Transactions at Super Group (SGHC)

In other news, COO Kirsty Farrah Ross sold 54,551 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $762,077.47. Following the sale, the chief operating officer directly owned 88,261 shares in the company, valued at approximately $1,233,006.17. The trade was a 38.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Alinda Van sold 22,644 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $316,336.68. Following the completion of the sale, the chief financial officer directly owned 27,566 shares in the company, valued at $385,097.02. This trade represents a 45.10% decrease in their position. 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. In the last quarter, insiders have sold 229,836 shares of company stock valued at $3,164,926. 10.41% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Super Group (SGHC)

Institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC acquired a new position in shares of Super Group (SGHC) in the 4th quarter valued at approximately $28,000. SBI Securities Co. Ltd. increased its holdings in Super Group (SGHC) by 119.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company’s stock valued at $71,000 after buying an additional 3,244 shares during the period. Wealthspire Advisors LLC acquired a new position in Super Group (SGHC) during the fourth quarter valued at approximately $120,000. Independent Financial Group LLC bought a new stake in shares of Super Group (SGHC) during the first quarter worth $114,000. Finally, Cibc World Markets Corp bought a new position in shares of Super Group (SGHC) during the fourth quarter valued at $126,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Super Group (SGHC) Company Profile

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.