BTIG Research Issues Positive Forecast for Super Group (SGHC) (NYSE:SGHC) Stock Price

Super Group (SGHC) (NYSE:SGHC) had its price objective raised by BTIG Research from $16.00 to $19.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

SGHC has been the topic of several other research reports. Weiss Ratings raised shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Benchmark increased their price objective on shares of Super Group (SGHC) from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 10th. Zacks Research cut shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen raised shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.43.

Super Group (SGHC) Price Performance

Shares of SGHC stock opened at $14.71 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $7.44 billion, a PE ratio of 30.46 and a beta of 1.06. Super Group has a 52 week low of $8.46 and a 52 week high of $15.73. The stock’s fifty day moving average is $13.69 and its 200-day moving average is $11.74.

Super Group (SGHC) (NYSE:SGHC) last announced its earnings results on Saturday, April 18th. The company reported $0.13 earnings per share (EPS) for the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. The company had revenue of $578.00 million for the quarter. Equities research analysts expect that Super Group will post 0.8 EPS for the current fiscal year.

Super Group (SGHC) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.20 annualized dividend and a yield of 1.4%. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 41.67%.

Insiders Place Their Bets

In other news, COO Kirsty Farrah Ross sold 25,356 shares of Super Group (SGHC) stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total transaction of $329,628.00. Following the completion of the sale, the chief operating officer owned 27,000 shares of the company’s stock, valued at approximately $351,000. This trade represents a 48.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Wyk Alinda Van sold 78,837 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total transaction of $1,080,066.90. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 104,201 shares of company stock valued at $1,409,805 in the last three months. Insiders own 10.41% of the company’s stock.

Institutional Investors Weigh In On Super Group (SGHC)

Large investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC bought a new position in Super Group (SGHC) in the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. raised its holdings in shares of Super Group (SGHC) by 119.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company’s stock worth $71,000 after buying an additional 3,244 shares in the last quarter. Independent Financial Group LLC bought a new stake in shares of Super Group (SGHC) during the 1st quarter worth $114,000. Wealthspire Advisors LLC bought a new stake in shares of Super Group (SGHC) during the 4th quarter worth $120,000. Finally, Teza Capital Management LLC acquired a new stake in Super Group (SGHC) in the second quarter valued at about $121,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group (SGHC) Company Profile

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.