Super Group (SGHC) Limited (NYSE:SGHC) Receives Consensus Rating of “Buy” from Brokerages

Shares of Super Group (SGHC) Limited (NYSE:SGHC) have been assigned a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $16.30.

A number of equities research analysts have weighed in on SGHC shares. Benchmark dropped their price target on shares of Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Wall Street Zen cut shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a report on Thursday, October 30th. BTIG Research upped their price target on Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Needham & Company LLC raised their price target on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th.

Super Group (SGHC) Price Performance

Shares of SGHC stock opened at $9.69 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market capitalization of $4.88 billion, a PE ratio of 22.53 and a beta of 1.08. The firm’s 50-day moving average is $11.21 and its two-hundred day moving average is $11.74. Super Group has a 12 month low of $5.59 and a 12 month high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last posted its earnings results on Monday, November 3rd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. The company had revenue of $557.00 million for the quarter, compared to the consensus estimate of $436.19 million. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%. Analysts predict that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Monday, February 9th. Investors of record on Monday, February 2nd will be issued a $0.25 dividend. The ex-dividend date is Monday, February 2nd. Super Group (SGHC)’s payout ratio is 37.21%.

Institutional Investors Weigh In On Super Group (SGHC)

Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its holdings in Super Group (SGHC) by 172.7% in the fourth quarter. State of Alaska Department of Revenue now owns 78,603 shares of the company’s stock valued at $938,000 after purchasing an additional 49,775 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Super Group (SGHC) in the 4th quarter valued at about $1,509,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Super Group (SGHC) by 35.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 103,390 shares of the company’s stock valued at $1,236,000 after buying an additional 26,989 shares during the period. SG Americas Securities LLC boosted its stake in shares of Super Group (SGHC) by 58.7% in the 4th quarter. SG Americas Securities LLC now owns 67,651 shares of the company’s stock valued at $808,000 after buying an additional 25,017 shares during the period. Finally, Cantor Fitzgerald L. P. acquired a new position in shares of Super Group (SGHC) during the third quarter worth about $669,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

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.