Super Group (SGHC) (NYSE:SGHC) Price Target Raised to $19.00

Super Group (SGHC) (NYSE:SGHC) had its price target hoisted by BTIG Research from $16.00 to $19.00 in a report issued on Friday, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other research analysts also recently weighed in on the company. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Benchmark boosted their price objective on Super Group (SGHC) from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Zacks Research downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Citizens Jmp upped their price objective on shares of Super Group (SGHC) from $17.00 to $19.00 and gave the company a “market outperform” rating in a 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 report on Saturday, May 16th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.43.

Super Group (SGHC) Price Performance

Super Group (SGHC) stock opened at $14.71 on Friday. The business’s 50 day simple moving average is $13.69 and its 200 day simple moving average is $11.73. Super Group has a 12 month low of $8.46 and a 12 month high of $15.73. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 30.46 and a beta of 1.06. 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 (SGHC) (NYSE:SGHC) last released its earnings results on Saturday, April 18th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $578.00 million during the quarter. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%. Sell-side analysts forecast that Super Group will post 0.8 EPS for the current year.

Super Group (SGHC) Dividend Announcement

The business also recently announced 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 dividend yield of 1.4%. Super Group (SGHC)’s dividend payout ratio is currently 41.67%.

Insider Buying and Selling at Super Group (SGHC)

In other news, COO Kirsty Farrah Ross sold 25,356 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total value of $329,628.00. Following the completion of the transaction, the chief operating officer directly owned 27,000 shares of the company’s stock, valued at $351,000. This trade represents a 48.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Wyk Alinda Van sold 78,837 shares of Super Group (SGHC) stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total value of $1,080,066.90. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 104,201 shares of company stock worth $1,409,805. Company insiders own 10.41% of the company’s stock.

Institutional Trading of Super Group (SGHC)

A number of institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. grew its holdings in Super Group (SGHC) by 324.3% during the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock valued at $55,828,000 after buying an additional 3,570,825 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Super Group (SGHC) by 97.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock valued at $58,575,000 after buying an additional 2,193,989 shares during the period. Norges Bank purchased a new stake in shares of Super Group (SGHC) in the fourth quarter worth about $23,791,000. Millennium Management LLC lifted its holdings in shares of Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after buying an additional 1,532,666 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Super Group (SGHC) by 74.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock worth $22,946,000 after buying an additional 818,455 shares in the last quarter. Hedge funds and other institutional investors 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.