Streetbeat News

SGHC

Super Group (SGHC) Limited

https://www.sghc.com

Industry

Gambling, Resorts & Casinos

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. The company is based in Saint Peter Port, Guernsey.

Open

5.93

Mkt cap

3B

Volume

96K

High

6.07

P/E Ratio

602.09

52-wk high

6.07

Low

5.91

Div yield

0.02

52-wk low

2.63

Needham analyst Bernie McTernan reiterated a Buy rating on Super Group (SGHC) and maintained a $6 price target. The company is listed on the NYSE under the ticker SGHC.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:07 pm

Super Group (SGHC) reported Q1 earnings of $0.03 per share, meeting analyst estimates and marking a significant improvement from last year's loss of $(0.52) per share. Quarterly sales reached $411.89 million, exceeding expectations by 2.76% and showing a 13.37% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:20 pm

Super Group reported a Q1 2024 revenue of €379.3M, surpassing estimates and marking a 12% increase from the previous year, driven by growth in Africa and North America. The company's profit was €41.0M, including a significant gain from the disposal of the B2B division of Digital Gaming Corporation Limited. Adjusted EBITDA rose by 29% to €46.5M, and monthly active customers increased by 33%. Cash and cash equivalents grew to €289.2M, supported by strong operating inflows and despite outflows for investments and financing activities.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:56 am

Super Group has entered into definitive agreements to assume full control of its sportsbook software technology, previously licensed by Apricot, its long-standing software partner. This strategic move aims to consolidate its technology assets and enhance its operational capabilities in the sportsbook sector.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:29 am

In Tuesday's after-market session, several consumer discretionary stocks showed notable movements. Educational Development, Golden Sun Health, Worksport, Barnes & Noble Education, 2U, and Xponential Fitness were among the gainers, with increases ranging from 4.98% to 35.3%. On the downside, Allbirds, Latham Group, Super Group, ZHONGCHAO, PlayAGS, and GEN Restaurant Group experienced declines between 5.1% and 15.1%, with some attributing their drops to recent Q4 earnings releases.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 9:33 pm

Benchmark analyst Mike Hickey maintains a Buy rating on Super Group (SGHC) and raises the price target from $4.5 to $5.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:30 pm

Needham analyst Bernie McTernan maintains a Buy rating on Super Group (SGHC) and raises the price target from $5 to $6.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:39 am

Super Group shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:11 pm

Box, Inc. reported better-than-expected fourth-quarter EPS and announced a $100 million expansion of its stock repurchase program, leading to a 7.3% rise in its shares. Other companies like TRxADE HEALTH, American Public Education, and Dada Nexus also saw significant gains following positive financial results or announcements. Notably, MicroStrategy's shares rose 10% after a previous day's 21% drop due to a proposed convertible senior notes offering.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 4:45 pm

Super Group's Q4 2023 revenue saw a 9% increase to EUR359.9 million, with monthly average customers rising 38% year-over-year to 4.7 million.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:48 pm

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