Super Group (SGHC) Limited (NYSE:SGHC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $18.7143.

A number of research analysts have weighed in on the company. Needham & Company LLC increased their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Super Group (SGHC) in a research note on Thursday, August 13th. Citizens Jmp boosted their target price on shares of Super Group (SGHC) from $17.00 to $19.00 and gave the company a “market outperform” rating in a report on Wednesday, July 8th. Benchmark upped their price objective on Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen upgraded Super Group (SGHC) from a “hold” rating to a “buy” rating in a report on Saturday, May 16th.

Insider Buying and Selling

In related news, CFO Wyk Alinda Van sold 22,644 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total value of $316,336.68. Following the completion of the sale, the chief financial officer directly owned 27,566 shares in the company, valued at approximately $385,097.02. This represents a 45.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Neal Menashe sold 48,440 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $13.97, for a total value of $676,706.80. Following the completion of the transaction, the chief executive officer directly owned 730,733 shares in the company, valued at $10,208,340.01. This trade represents a 6.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 150,999 shares of company stock valued at $2,084,859. Company insiders own 10.41% of the company’s stock.

Institutional Investors Weigh In On Super Group (SGHC)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Super Group (SGHC) in the second quarter worth about $674,000. Globeflex Capital L P acquired a new position in Super Group (SGHC) during the 2nd quarter worth $1,265,000. Baron Wealth Management LLC bought a new stake in shares of Super Group (SGHC) in the 2nd quarter worth about $158,000. Prospect Capital Advisors LLC increased its position in shares of Super Group (SGHC) by 42.9% in the 1st quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after purchasing an additional 313,100 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Super Group (SGHC) in the 1st quarter valued at about $2,662,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Price Performance

SGHC stock opened at $13.19 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.83 and a current ratio of 1.83. Super Group has a 1 year low of $8.46 and a 1 year high of $15.86. The stock’s 50 day moving average price is $13.98 and its 200 day moving average price is $12.30. The firm has a market cap of $6.67 billion, a P/E ratio of 18.24 and a beta of 1.07.

Super Group (SGHC) (NYSE:SGHC) last announced its earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $684.00 million during the quarter, compared to analyst estimates of $659.90 million. Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. On average, sell-side analysts expect that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

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

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.