Super Group (SGHC) (NYSE:SGHC) Hits New 1-Year High on Analyst Upgrade

Super Group (SGHC) Limited (NYSE:SGHC) reached a new 52-week high during mid-day trading on Wednesday after Citizens Jmp raised their price target on the stock from $17.00 to $19.00. Citizens Jmp currently has a market outperform rating on the stock. Super Group (SGHC) traded as high as $14.86 and last traded at $14.8350, with a volume of 2802261 shares traded. The stock had previously closed at $14.67.

Several other research analysts have also weighed in on the stock. Zacks Research lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. BTIG Research reiterated a “buy” rating and set a $16.00 price target on shares of Super Group (SGHC) in a report on Thursday, April 16th. Wall Street Zen upgraded Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday. Finally, Weiss Ratings raised Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.86.

Insider Transactions at Super Group (SGHC)

In related news, CFO Wyk Alinda Van sold 78,837 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total value of $1,080,066.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Kirsty Farrah Ross sold 25,356 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.00, for a total transaction of $329,628.00. Following the completion of the transaction, the chief operating officer directly owned 27,000 shares in the company, valued at approximately $351,000. This represents a 48.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 104,201 shares of company stock worth $1,409,805. 10.41% of the stock is owned by company insiders.

Institutional Trading of Super Group (SGHC)

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

Super Group (SGHC) Trading Down 4.6%

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.61. The business’s 50-day moving average is $13.47 and its 200 day moving average is $11.61. The firm has a market capitalization of $7.48 billion, a P/E ratio of 30.63 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings data on Saturday, April 18th. The company reported $0.13 earnings per share (EPS) for the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. The firm had revenue of $578.00 million during the quarter. As a group, analysts anticipate that Super Group will post 0.8 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, June 23rd. Super Group (SGHC)’s payout ratio is 41.67%.

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.