Super Group (SGHC) Limited (NYSE:SGHC) Stock Has Average Price Target of $18.00 According to Brokerages

Super Group (SGHC) Limited (NYSE:SGHC) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $18.00.

SGHC has been the subject of several research analyst reports. Needham & Company LLC boosted their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings downgraded Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. Barclays initiated coverage on Super Group (SGHC) in a research note on Friday. They set an “equal weight” rating and a $13.00 price objective on the stock. Benchmark boosted 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. Finally, Wall Street Zen lowered Super Group (SGHC) from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th.

Insider Activity at Super Group (SGHC)

In other Super Group (SGHC) news, COO Kirsty Ross sold 40,000 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $14.00, for a total transaction of $560,000.00. Following the completion of the transaction, the chief operating officer owned 48,261 shares in the company, valued at approximately $675,654. This represents a 45.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Neal Menashe sold 48,440 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $13.97, for a total value of $676,706.80. Following the transaction, the chief executive officer owned 730,733 shares of the company’s stock, valued at approximately $10,208,340.01. This trade represents a 6.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 188,935 shares of company stock worth $2,636,428 over the last three months. 10.41% of the stock is currently owned by insiders.

Institutional Trading of Super Group (SGHC)

A number of institutional investors have recently modified their holdings of SGHC. PNC Financial Services Group Inc. lifted its holdings in shares of Super Group (SGHC) by 12.2% in the first quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company’s stock valued at $141,000 after purchasing an additional 1,418 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Super Group (SGHC) by 8.0% during the first quarter. Bleakley Financial Group LLC now owns 27,424 shares of the company’s stock worth $296,000 after buying an additional 2,024 shares during the period. Sterling Capital Management LLC boosted its position in shares of Super Group (SGHC) by 840.3% during the third quarter. Sterling Capital Management LLC now owns 5,416 shares of the company’s stock worth $61,000 after buying an additional 4,840 shares during the period. Gabelli Funds LLC grew its holdings in shares of Super Group (SGHC) by 9.0% during the first quarter. Gabelli Funds LLC now owns 73,000 shares of the company’s stock worth $788,000 after buying an additional 6,000 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Super Group (SGHC) by 5.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 156,289 shares of the company’s stock worth $1,688,000 after buying an additional 8,145 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors.

Super Group (SGHC) Price Performance

Shares of SGHC stock opened at $10.52 on Wednesday. The stock has a market cap of $5.32 billion, a PE ratio of 14.55 and a beta of 1.10. The stock has a 50-day moving average of $12.41 and a 200-day moving average of $12.13. Super Group has a one year low of $8.46 and a one year high of $15.86.

Super Group (SGHC) (NYSE:SGHC) last posted its earnings results 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 business had revenue of $684.00 million for the quarter, compared to the consensus estimate of $659.90 million. As a group, research analysts anticipate that Super Group will post 0.80 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. Super Group (SGHC)’s dividend payout ratio is currently 27.78%.

Super Group (SGHC) Company Profile

Super Group (SGHC) Ltd. is a global online sports betting and gaming company. Its principal brands are Betway, an online sportsbook and casino operator, and Spin, an online casino brand. Through these businesses, Super Group offers sports wagering, casino games, live casino products and related digital gaming services.

The company serves customers across multiple international markets, including regions in Africa, Asia, Europe, North America and South America, subject to local regulatory requirements.