Super Group (SGHC) (NYSE:SGHC) Stock Price Target Lowered at BTIG Research

Super Group (SGHC) (NYSE:SGHC) had its target price cut by BTIG Research from $19.00 to $16.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Needham & Company LLC increased their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Benchmark raised their price target on Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings downgraded shares of Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. Finally, Wall Street Zen lowered Super Group (SGHC) from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.20.

Super Group (SGHC) Trading Up 2.2%

NYSE:SGHC opened at $11.45 on Wednesday. Super Group has a 52 week low of $8.46 and a 52 week high of $15.86. The firm has a 50-day moving average price of $12.11 and a two-hundred day moving average price of $12.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 14.08 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. Super Group (SGHC) had a net margin of 16.74% and a return on equity of 52.59%. The business had revenue of $611.00 million for the quarter, compared to analyst estimates of $623.50 million. On average, equities analysts expect that Super Group will post 0.80 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 1.7%. Super Group (SGHC)’s payout ratio is 27.78%.

Insider Activity

In other Super Group (SGHC) news, COO Kirsty Ross sold 40,000 shares of Super Group (SGHC) stock in a transaction on Friday, August 28th. The shares were sold at an average price of $14.00, for a total value of $560,000.00. Following the transaction, the chief operating officer directly owned 48,261 shares of the company’s stock, valued at approximately $675,654. The trade was a 45.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Alon Ben – David sold 23,300 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $13.79, for a total value of $321,307.00. Following the sale, the chief technology officer owned 7,814 shares in the company, valued at $107,755.06. The trade was a 74.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 66,024 shares of company stock worth $910,563 in the last quarter. 10.41% of the stock is owned by insiders.

Hedge Funds Weigh In On Super Group (SGHC)

Hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC boosted its holdings in Super Group (SGHC) by 840.3% in the 3rd 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 last quarter. Independent Financial Group LLC acquired a new position in Super Group (SGHC) in the first quarter valued at approximately $114,000. PNC Financial Services Group Inc. grew its holdings in shares of Super Group (SGHC) by 12.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company’s stock worth $141,000 after purchasing an additional 1,418 shares during the period. Baron Wealth Management LLC purchased a new position in shares of Super Group (SGHC) during the 2nd quarter worth approximately $158,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Super Group (SGHC) during the first quarter worth $284,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) News Roundup

Here are the key news stories impacting Super Group (SGHC) this week:

• Positive Sentiment: Third-quarter earnings were $0.28 per share, above the roughly $0.19 consensus estimate and up from $0.19 a year earlier. The company also reported revenue growth of about 10% year over year. Super Group Q3 financial results
• Positive Sentiment: Super Group announced a $150 million share buyback, which may support shareholder returns and signal management’s confidence in the business. Share buyback announcement
• Neutral Sentiment: BTIG lowered its price target from $19 to $16 but maintained a Buy rating, leaving the analyst positive while reflecting a more cautious valuation outlook. BTIG analyst rating
• Neutral Sentiment: COO Kirsty Ross sold 2,724 shares to cover tax withholding on vested equity awards; the stated reason makes this less clearly a bearish signal. SEC Form 4 filing
• Negative Sentiment: Revenue of $611 million came in below the approximately $623.5 million consensus estimate. Reports also said sports results prompted a guidance revision, tempering the earnings beat and adding uncertainty about near-term performance. Revenue and guidance report

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.