Analysts Set Super Group (SGHC) Limited (NYSE:SGHC) Price Target at $18.71

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $18.7143.

A number of equities research analysts have weighed in on the company. Needham & Company LLC raised their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Benchmark raised their price target 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, August 5th. BTIG Research lifted their price objective on Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Super Group (SGHC) in a research report on Thursday, August 13th. 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.

Insider Buying and Selling at Super Group (SGHC)

In other Super Group (SGHC) news, CFO Wyk Van sold 22,644 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $316,336.68. Following the completion of the sale, the chief financial officer owned 27,566 shares in the company, valued at approximately $385,097.02. The trade was a 45.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction 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. The trade was a 6.22% decrease in their ownership of the stock. 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 90 days, insiders have sold 188,943 shares of company stock worth $2,636,538. Company insiders own 10.41% of the company’s stock.

Institutional Investors Weigh In On Super Group (SGHC)

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Super Group (SGHC) during the fourth quarter valued at approximately $23,791,000. Bank of America Corp DE increased its position in shares of Super Group (SGHC) by 172.5% during the first quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock valued at $12,508,000 after buying an additional 733,073 shares during the period. AYAL Capital Advisors Ltd purchased a new stake in shares of Super Group (SGHC) in the 4th quarter valued at about $4,510,000. Prospect Capital Advisors LLC lifted its holdings in shares of Super Group (SGHC) by 42.9% during 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, Anson Funds Management LP lifted its position in Super Group (SGHC) by 108.3% in the 1st quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock worth $5,737,000 after buying an additional 276,214 shares during the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Trading Up 0.1%

Shares of NYSE:SGHC opened at $13.85 on Tuesday. The company has a market capitalization of $7.00 billion, a P/E ratio of 19.15 and a beta of 1.06. Super Group has a 1 year low of $8.46 and a 1 year high of $15.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83. The business’s 50 day simple moving average is $14.01 and its 200 day simple moving average is $12.85.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%.The company had revenue of $684.00 million during the quarter, compared to the consensus estimate of $659.90 million. On average, research analysts anticipate that Super Group will post 0.8 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 22nd. Super Group (SGHC)’s dividend payout ratio (DPR) is 27.78%.

Super Group (SGHC) Company Profile

Super Group (SGHC) Limited is a global online sports betting and gaming company that operates primarily through the Betway and Spin brands. Its offerings include online sports wagering, casino games, live dealer products and other digital gaming services delivered through websites and mobile platforms.

Betway is the company’s principal sports betting and online gaming brand, while Spin focuses on online casino and related gaming entertainment. Super Group serves customers in multiple regulated markets across Africa, Europe, the Americas and other international jurisdictions, with the availability of products varying according to local laws and licensing requirements.

The company was formed through the combination of the Betway and Spin businesses and became a publicly traded company on the New York Stock Exchange in 2022.