Super Group (SGHC) Limited (NYSE:SGHC – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $19.00.
SGHC has been the subject of several research analyst reports. Needham & Company LLC boosted their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings downgraded Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. Citizens Jmp reiterated a “market outperform” rating and set a $19.00 price target on shares of Super Group (SGHC) in a report on Monday, August 31st. Benchmark increased their price objective on Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th.
Check Out Our Latest Report on Super Group (SGHC)
Insider Activity at Super Group (SGHC)
Institutional Trading of Super Group (SGHC)
Several institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in Super Group (SGHC) in the 4th quarter valued at $23,791,000. Bank of America Corp DE grew its stake in Super Group (SGHC) by 172.5% during the first quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock worth $12,508,000 after buying an additional 733,073 shares during the last quarter. Prospect Capital Advisors LLC increased its holdings in shares of Super Group (SGHC) by 42.9% during the first quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after buying an additional 313,100 shares in the last quarter. Findell Capital Management LLC increased its holdings in shares of Super Group (SGHC) by 40.3% during the fourth quarter. Findell Capital Management LLC now owns 940,000 shares of the company’s stock worth $11,233,000 after buying an additional 269,901 shares in the last quarter. Finally, Anson Funds Management LP raised its stake in shares of Super Group (SGHC) by 108.3% in the first quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock valued at $5,737,000 after acquiring an additional 276,214 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.
Super Group (SGHC) Trading Down 0.6%
NYSE:SGHC opened at $11.36 on Friday. The company’s 50 day moving average is $13.03 and its 200-day moving average is $12.99. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 15.71 and a beta of 1.10.
Super Group (SGHC) (NYSE:SGHC – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.22 EPS 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 the consensus estimate of $659.90 million. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. Equities analysts anticipate that Super Group will post 0.8 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. Shareholders of record on Tuesday, September 22nd were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 1.8%. Super Group (SGHC)’s dividend payout ratio is 27.78%.
Super Group (SGHC) Company Profile
Super Group (SGHC) Limited is a global online sports betting and gaming company. Its principal brands include Betway, an online sportsbook and casino operator, and Spin, an online casino and gaming platform. Through these brands, the company offers sports wagering, casino games, live dealer products, poker and related digital entertainment services, subject to local regulations.
Super Group serves customers across multiple international markets, with operations and licenses spanning regions including Europe, Africa, the Americas and other parts of the world.
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