Super Group (SGHC) (NYSE:SGHC) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Super Group (SGHC) (NYSE:SGHC) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.

Other equities analysts also recently issued reports about the stock. BTIG Research increased their price objective on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Benchmark lowered their target price on Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, November 28th. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research report on Monday, September 22nd. Canaccord Genuity Group boosted their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, Macquarie restated an “outperform” rating and set a $19.00 price objective on shares of Super Group (SGHC) in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $16.30.

Super Group (SGHC) Stock Performance

Shares of Super Group (SGHC) stock opened at $11.91 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $11.66 and its 200-day moving average price is $11.69. The firm has a market cap of $6.00 billion, a P/E ratio of 27.70 and a beta of 1.09. Super Group has a 12 month low of $5.45 and a 12 month high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. The company had revenue of $557.00 million during the quarter, compared to analyst estimates of $436.19 million. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%. On average, equities research analysts expect that Super Group will post 0.29 earnings per share for the current fiscal year.

Super Group (SGHC) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 15th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 15th. Super Group (SGHC)’s dividend payout ratio is currently 37.21%.

Institutional Investors Weigh In On Super Group (SGHC)

A number of large investors have recently modified their holdings of the business. Jump Financial LLC purchased a new position in Super Group (SGHC) in the 1st quarter worth $120,000. Trexquant Investment LP lifted its holdings in shares of Super Group (SGHC) by 465.7% during the first quarter. Trexquant Investment LP now owns 413,801 shares of the company’s stock worth $2,665,000 after purchasing an additional 340,658 shares during the period. State of Wyoming lifted its holdings in shares of Super Group (SGHC) by 31.9% during the first quarter. State of Wyoming now owns 93,970 shares of the company’s stock worth $605,000 after purchasing an additional 22,715 shares during the period. Magnetar Financial LLC purchased a new stake in Super Group (SGHC) in the first quarter valued at approximately $78,000. Finally, Quarry LP increased its holdings in Super Group (SGHC) by 364.3% in the 1st quarter. Quarry LP now owns 3,988 shares of the company’s stock worth $26,000 after buying an additional 3,129 shares during the period. Hedge funds and other institutional investors own 5.09% of the company’s stock.

About Super Group (SGHC)

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.