Super Group (SGHC) Limited (NYSE:SGHC) Stock Has Average Target Price of $19.00 According to Brokerages

Super Group (SGHC) Limited (NYSE:SGHC) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $19.00.

Several equities research analysts recently issued reports on the stock. BTIG Research raised their price objective on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Weiss Ratings lowered shares of Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 24th. Needham & Company LLC increased their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Citizens Jmp restated a “market outperform” rating and set a $19.00 price target on shares of Super Group (SGHC) in a report on Monday, August 31st.

Insiders Place Their Bets

In other Super Group (SGHC) news, COO Kirsty Ross sold 54,551 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $762,077.47. Following the completion of the sale, the chief operating officer owned 88,261 shares of the company’s stock, valued at $1,233,006.17. This trade represents a 38.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Neal Menashe sold 48,440 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total value of $676,706.80. Following the sale, the chief executive officer directly 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 SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 188,935 shares of company stock valued at $2,636,428. 10.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Super Group (SGHC)

Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in Super Group (SGHC) in the second quarter valued at about $674,000. Globeflex Capital L P acquired a new stake in shares of Super Group (SGHC) during the second quarter valued at about $1,265,000. Baron Wealth Management LLC purchased a new stake in shares of Super Group (SGHC) in the 2nd quarter valued at approximately $158,000. Prospect Capital Advisors LLC lifted its holdings in shares of Super Group (SGHC) by 42.9% in the 1st quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after acquiring an additional 313,100 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Super Group (SGHC) in the 1st quarter worth approximately $2,662,000. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Super Group (SGHC) Stock Up 1.8%

Shares of NYSE:SGHC opened at $11.46 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average of $13.17 and a two-hundred day moving average of $12.98. The stock has a market cap of $5.80 billion, a P/E ratio of 15.85 and a beta of 1.10. Super Group has a 52-week low of $8.46 and a 52-week high of $15.86.

Super Group (SGHC) (NYSE:SGHC) last issued its earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $684.00 million during 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%. On average, research analysts expect that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

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

About Super Group (SGHC)

Super Group (SGHC) Limited is a global online sports betting and gaming company. Its principal brands include Betway, an online sportsbook and casino operator, and Spin, an online casino and gaming platform. Through these brands, the company offers sports wagering, casino games, live dealer products, poker and related digital entertainment services, subject to local regulations.

Super Group serves customers across multiple international markets, with operations and licenses spanning regions including Europe, Africa, the Americas and other parts of the world.