Brokerages Set Super Group (SGHC) Limited (NYSE:SGHC) Price Target at $18.43

Super Group (SGHC) Limited (NYSE:SGHC) has earned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have assigned a 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 $18.4286.

Several analysts recently issued reports on the company. Citizens Jmp upped their target price on Super Group (SGHC) from $17.00 to $19.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 8th. BTIG Research raised their price target on Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Benchmark boosted their target price on shares of Super Group (SGHC) from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. Finally, Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th.

Super Group (SGHC) Stock Down 7.0%

Super Group (SGHC) stock opened at $14.49 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.02. Super Group has a 1-year low of $8.46 and a 1-year high of $15.86. The company has a fifty day simple moving average of $13.82 and a 200 day simple moving average of $11.80. The company has a market cap of $7.33 billion, a P/E ratio of 30.00 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $612.00 million for the quarter, compared to analysts’ expectations of $584.75 million. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. Research analysts anticipate that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, June 23rd. Super Group (SGHC)’s dividend payout ratio is presently 41.67%.

Insider Activity

In other Super Group (SGHC) news, CFO Wyk Alinda Van sold 78,837 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total transaction of $1,080,066.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Kirsty Farrah Ross sold 25,356 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $13.00, for a total value of $329,628.00. Following the completion of the sale, the chief operating officer owned 27,000 shares in the company, valued at $351,000. This represents a 48.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 104,201 shares of company stock valued at $1,409,805 over the last quarter. 10.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SGHC. CIBC Private Wealth Group LLC bought a new stake in Super Group (SGHC) in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. boosted its position in Super Group (SGHC) by 119.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company’s stock worth $71,000 after purchasing an additional 3,244 shares during the period. Wealthspire Advisors LLC bought a new position in Super Group (SGHC) during the fourth quarter worth $120,000. Independent Financial Group LLC bought a new position in Super Group (SGHC) during the first quarter worth $114,000. Finally, Cibc World Markets Corp acquired a new position in shares of Super Group (SGHC) in the fourth quarter valued at $126,000. 5.09% of the stock is currently owned by institutional investors.

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.