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

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $16.75.

Several research firms have recently issued reports on SGHC. Wall Street Zen downgraded Super Group (SGHC) from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Benchmark lifted their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. BTIG Research reaffirmed a “buy” rating and set a $16.00 price target on shares of Super Group (SGHC) in a research note on Thursday, April 16th. Finally, Zacks Research downgraded Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th.

Insider Activity

In related news, insider Kirsty Farrah Ross sold 47,391 shares of the business’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total value of $507,557.61. Following the completion of the transaction, the insider owned 96,984 shares of the company’s stock, valued at approximately $1,038,698.64. The trade was a 32.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Neal Menashe sold 78,530 shares of the business’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $841,056.30. Following the completion of the transaction, the chief executive officer directly owned 676,334 shares of the company’s stock, valued at $7,243,537.14. The trade was a 10.40% decrease in their position. 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 quarter, insiders sold 181,786 shares of company stock worth $1,946,928. Company insiders own 10.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SGHC. AQR Capital Management LLC raised its stake in Super Group (SGHC) by 235.3% in the 1st quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock valued at $1,082,000 after purchasing an additional 117,869 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Super Group (SGHC) by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock worth $574,000 after purchasing an additional 3,783 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Super Group (SGHC) during the first quarter worth $1,523,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Super Group (SGHC) by 30.4% during the second quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock worth $7,928,000 after purchasing an additional 168,622 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group (SGHC) Trading Down 0.1%

NYSE:SGHC opened at $13.07 on Wednesday. The company has a market capitalization of $6.61 billion, a PE ratio of 30.17 and a beta of 1.11. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.02. Super Group has a 52-week low of $8.08 and a 52-week high of $14.38. The stock has a fifty day simple moving average of $11.22 and a 200-day simple moving average of $11.01.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings results on Saturday, April 18th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $578.00 million during the quarter. Super Group (SGHC) had a return on equity of 40.15% and a net margin of 9.77%. On average, equities research analysts expect that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a dividend of $0.05 per share. This is a boost from Super Group (SGHC)’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.20 annualized dividend and a dividend yield of 1.5%. Super Group (SGHC)’s dividend payout ratio is presently 46.51%.

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.