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

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

Several research firms recently weighed in on SGHC. Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. BTIG Research increased their price objective on Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Benchmark lifted their target price on Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Super Group (SGHC) in a research report on Thursday, August 13th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $19.00 price target on shares of Super Group (SGHC) in a research note on Monday, August 31st.

Insiders Place Their Bets

In related news, CEO Neal Menashe sold 48,440 shares of Super Group (SGHC) stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $676,706.80. Following the completion of the sale, the chief executive officer directly owned 730,733 shares of the company’s stock, valued at $10,208,340.01. The trade was a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kirsty Ross sold 40,000 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $14.00, for a total value of $560,000.00. Following the completion of the sale, the chief operating officer owned 48,261 shares of the company’s stock, valued at $675,654. This represents a 45.32% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 165,643 shares of company stock valued at $2,315,231. 10.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Super Group (SGHC)

Several institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC bought a new position in Super Group (SGHC) during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. lifted its holdings in shares of Super Group (SGHC) by 119.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company’s stock valued at $71,000 after purchasing an additional 3,244 shares in the last quarter. Wealthspire Advisors LLC bought a new position in shares of Super Group (SGHC) during the 4th quarter valued at about $120,000. Independent Financial Group LLC acquired a new position in shares of Super Group (SGHC) in the 1st quarter valued at approximately $114,000. Finally, Cibc World Markets Corp acquired a new position in shares of Super Group (SGHC) in the 4th quarter valued at approximately $126,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Super Group (SGHC) Trading Up 1.4%

Shares of Super Group (SGHC) stock opened at $13.83 on Tuesday. Super Group has a 12-month low of $8.46 and a 12-month high of $15.86. The stock has a market capitalization of $7.00 billion, a P/E ratio of 19.13 and a beta of 1.06. The company has a 50-day simple moving average of $14.02 and a 200 day simple moving average of $12.80. 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 (SGHC) (NYSE:SGHC) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $659.90 million. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. Research analysts expect that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, September 22nd. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 27.78%.

About Super Group (SGHC)

Super Group (SGHC) Limited is a global online sports betting and gaming company that operates primarily through the Betway and Spin brands. Its offerings include online sports wagering, casino games, live dealer products and other digital gaming services delivered through websites and mobile platforms.

Betway is the company’s principal sports betting and online gaming brand, while Spin focuses on online casino and related gaming entertainment. Super Group serves customers in multiple regulated markets across Africa, Europe, the Americas and other international jurisdictions, with the availability of products varying according to local laws and licensing requirements.

The company was formed through the combination of the Betway and Spin businesses and became a publicly traded company on the New York Stock Exchange in 2022.