Super Group (SGHC) (NYSE:SGHC) Stock Gets Price Target Cut from BTIG Research

Super Group (SGHC) (NYSE:SGHC) had its price objective trimmed by BTIG Research from $19.00 to $16.00 in a report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms also recently commented on SGHC. Weiss Ratings downgraded shares of Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 24th. Needham & Company LLC lifted their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Barclays assumed coverage on shares of Super Group (SGHC) in a research report on Friday, October 23rd. They issued an “equal weight” rating and a $13.00 price target on the stock. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Finally, Benchmark lifted their price objective on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.20.

Super Group (SGHC) Stock Performance

Shares of SGHC traded down $0.22 during mid-day trading on Wednesday, hitting $11.34. The stock had a trading volume of 2,577,100 shares, compared to its average volume of 2,920,884. Super Group has a 52 week low of $8.46 and a 52 week 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 1.83. The business has a fifty day moving average price of $12.01 and a 200-day moving average price of $12.17. The firm has a market cap of $5.74 billion, a P/E ratio of 13.95 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $611.00 million for the quarter, compared to analysts’ expectations of $623.50 million. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. On average, equities research analysts expect that Super Group will post 0.92 EPS for the current year.

Super Group (SGHC) Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. Super Group (SGHC)’s dividend payout ratio is currently 24.69%.

Insider Transactions at Super Group (SGHC)

In related news, CTO Alon Ben – David sold 23,300 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $13.79, for a total transaction of $321,307.00. Following the completion of the transaction, the chief technology officer owned 7,814 shares of the company’s stock, valued at approximately $107,755.06. The trade was a 74.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Kirsty Ross sold 2,724 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $10.74, for a total transaction of $29,255.76. Following the completion of the transaction, the chief operating officer directly owned 51,316 shares of the company’s stock, valued at approximately $551,133.84. The trade was a 5.04% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 66,024 shares of company stock worth $910,563. Insiders own 10.41% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jacobi Capital Management LLC purchased a new stake in shares of Super Group (SGHC) in the third quarter worth $41,000. Sterling Capital Management LLC increased its stake in Super Group (SGHC) by 840.3% in the 3rd quarter. Sterling Capital Management LLC now owns 5,416 shares of the company’s stock worth $61,000 after acquiring an additional 4,840 shares during the last quarter. Independent Financial Group LLC bought a new position in Super Group (SGHC) in the 1st quarter worth about $114,000. Baron Wealth Management LLC bought a new position in Super Group (SGHC) in the 2nd quarter worth about $158,000. Finally, PNC Financial Services Group Inc. increased its stake in Super Group (SGHC) by 12.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company’s stock worth $141,000 after acquiring an additional 1,418 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Company Profile

Super Group (SGHC) Ltd. is a global online sports betting and gaming company. Its principal brands are Betway, an online sportsbook and casino operator, and Spin, an online casino brand. Through these businesses, Super Group offers sports wagering, casino games, live casino products and related digital gaming services.

The company serves customers across multiple international markets, including regions in Africa, Asia, Europe, North America and South America, subject to local regulatory requirements.