Super Group (SGHC) (NYSE:SGHC) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Super Group (SGHC) (NYSE:SGHC) from a hold rating to a strong-buy rating in a report published on Thursday,Zacks reports.

Several other equities research analysts have also issued reports on SGHC. Weiss Ratings lowered Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. Benchmark lifted their price objective on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Barclays initiated coverage on Super Group (SGHC) in a research report on Friday, October 23rd. They set an “equal weight” rating and a $13.00 price target on the stock. Needham & Company LLC increased their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.20.

Super Group (SGHC) Stock Performance

Shares of NYSE SGHC traded down $0.22 during midday trading on Thursday, reaching $11.34. 2,577,100 shares of the company were exchanged, compared to its average volume of 2,920,884. The stock has a market cap of $5.74 billion, a P/E ratio of 13.95 and a beta of 1.09. The stock has a fifty day simple moving average of $12.01 and a 200 day simple moving average of $12.17. The company has a current ratio of 1.83, a quick ratio of 1.83 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.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. The firm had revenue of $611.00 million during the quarter, compared to analysts’ expectations of $623.50 million. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. On average, research analysts forecast that Super Group will post 0.92 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 Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 22nd. Super Group (SGHC)’s dividend payout ratio (DPR) is 24.69%.

Insider Activity at Super Group (SGHC)

In related news, CTO Alon Ben – David sold 23,300 shares of Super Group (SGHC) stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $13.79, for a total value of $321,307.00. Following the sale, the chief technology officer owned 7,814 shares of the company’s stock, valued at approximately $107,755.06. The trade was a 74.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kirsty Ross sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $14.00, for a total value of $560,000.00. Following the completion of the transaction, the chief operating officer directly owned 48,261 shares in the company, valued at $675,654. The trade was a 45.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 66,024 shares of company stock worth $910,563 over the last 90 days. 10.41% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Super Group (SGHC)

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its holdings in Super Group (SGHC) by 12.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company’s stock worth $141,000 after buying an additional 1,418 shares during the period. Bleakley Financial Group LLC increased its position in shares of Super Group (SGHC) by 8.0% during the first quarter. Bleakley Financial Group LLC now owns 27,424 shares of the company’s stock valued at $296,000 after acquiring an additional 2,024 shares during the last quarter. Point Nemo Capital LLC boosted its stake in Super Group (SGHC) by 2.0% in the third quarter. Point Nemo Capital LLC now owns 117,367 shares of the company’s stock valued at $1,332,000 after acquiring an additional 2,353 shares during the last quarter. Jacobi Capital Management LLC purchased a new position in shares of Super Group (SGHC) during the 3rd quarter valued at $41,000. Finally, Sterling Capital Management LLC increased its stake in shares of Super Group (SGHC) by 840.3% in the third quarter. Sterling Capital Management LLC now owns 5,416 shares of the company’s stock worth $61,000 after purchasing an additional 4,840 shares in the last quarter. Institutional investors own 5.09% of the company’s stock.

About Super Group (SGHC)

Super Group (SGHC) Ltd. is a global online sports betting and gaming company. Its principal brands are Betway, an online sportsbook and casino operator, and Spin, an online casino brand. Through these businesses, Super Group offers sports wagering, casino games, live casino products and related digital gaming services.

The company serves customers across multiple international markets, including regions in Africa, Asia, Europe, North America and South America, subject to local regulatory requirements.