Super Group (SGHC) Limited (NYSE:SGHC) Receives $16.75 Consensus Price Target from Brokerages

Super Group (SGHC) Limited (NYSE:SGHC) has earned a consensus rating of “Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $16.75.

Several equities analysts have weighed in on the company. Zacks Research upgraded Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Benchmark raised their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. BTIG Research cut their price target on Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Weiss Ratings restated a “hold (c)” rating on shares of Super Group (SGHC) in a report on Tuesday, January 27th. Finally, Wall Street Zen cut Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a report on Monday, January 12th.

Super Group (SGHC) Stock Performance

NYSE SGHC opened at $10.82 on Friday. The stock has a market capitalization of $5.44 billion, a PE ratio of 25.15 and a beta of 1.05. The business has a 50 day simple moving average of $10.25 and a two-hundred day simple moving average of $11.14. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. Super Group has a 1-year low of $6.95 and a 1-year high of $14.38.

Super Group (SGHC) Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a $0.05 dividend. This is a positive change from Super Group (SGHC)’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 46.51%.

Insider Buying and Selling

In other news, General Counsel Martine Nathan sold 4,761 shares of Super Group (SGHC) stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $50,990.31. Following the completion of the transaction, the general counsel owned 30,172 shares in the company, valued at approximately $323,142.12. The trade was a 13.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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, CFO Wyk Alinda Van sold 51,104 shares of Super Group (SGHC) stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $547,323.84. Following the completion of the transaction, the chief financial officer owned 78,837 shares of the company’s stock, valued at approximately $844,344.27. This trade represents a 39.33% 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. Insiders have sold a total of 181,786 shares of company stock worth $1,946,928 in the last 90 days. Company insiders own 10.41% of the company’s stock.

Hedge Funds Weigh In On Super Group (SGHC)

Institutional investors and hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC boosted its holdings in shares of Super Group (SGHC) by 321.6% in the 2nd quarter. Squarepoint Ops LLC now owns 625,421 shares of the company’s stock worth $6,861,000 after purchasing an additional 477,084 shares during the period. Abacus FCF Advisors LLC purchased a new position in shares of Super Group (SGHC) in the 3rd quarter worth approximately $4,869,000. Algert Global LLC boosted its holdings in shares of Super Group (SGHC) by 2,639.6% in the 3rd quarter. Algert Global LLC now owns 733,109 shares of the company’s stock worth $9,677,000 after purchasing an additional 706,349 shares during the period. Zweig DiMenna Associates LLC purchased a new position in shares of Super Group (SGHC) in the 3rd quarter worth approximately $8,217,000. Finally, American Century Companies Inc. boosted its holdings in shares of Super Group (SGHC) by 3.0% in the 3rd quarter. American Century Companies Inc. now owns 5,366,058 shares of the company’s stock worth $70,832,000 after purchasing an additional 156,351 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.