Brokerages Set Super Group (SGHC) Limited (NYSE:SGHC) PT at $16.30

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have earned a consensus rating of “Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $16.7778.

A number of research analysts recently weighed in on the company. Wall Street Zen cut shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 12th. Macquarie reissued an “outperform” rating and set a $19.00 price target on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Benchmark decreased their target price on shares of Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Needham & Company LLC raised their target price on Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, BTIG Research restated a “buy” rating and issued a $19.00 price target on shares of Super Group (SGHC) in a research note on Friday.

Super Group (SGHC) Trading Down 6.0%

Shares of NYSE SGHC opened at $9.47 on Monday. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 22.01 and a beta of 1.08. Super Group has a twelve month low of $5.59 and a twelve month high of $14.38. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average is $10.99 and its 200-day moving average is $11.68.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%.The firm had revenue of $557.00 million for the quarter, compared to the consensus estimate of $436.19 million. Equities research analysts predict that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The company also recently declared a special dividend, which will be paid on Monday, February 9th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, February 2nd. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 37.21%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in Super Group (SGHC) by 132.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock valued at $27,000 after buying an additional 1,396 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Super Group (SGHC) by 67,900.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after acquiring an additional 2,716 shares in the last quarter. Greenwich Wealth Management LLC bought a new stake in shares of Super Group (SGHC) in the 2nd quarter worth $112,000. Scotia Capital Inc. purchased a new stake in shares of Super Group (SGHC) in the second quarter valued at about $113,000. Finally, Pacer Advisors Inc. lifted its position in shares of Super Group (SGHC) by 78.9% during the third quarter. Pacer Advisors Inc. now owns 10,352 shares of the company’s stock valued at $137,000 after purchasing an additional 4,567 shares in the last quarter. 5.09% of the stock is owned by institutional investors and hedge funds.

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.