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

Super Group (SGHC) Limited (NYSE:SGHC) has earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $17.5714.

A number of brokerages recently weighed in on SGHC. Citizens Jmp raised their target price on shares of Super Group (SGHC) from $16.00 to $17.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. BTIG Research reaffirmed a “buy” rating and issued a $16.00 target price on shares of Super Group (SGHC) in a research note on Thursday, April 16th. Zacks Research downgraded Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Benchmark raised their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th.

Insider Buying and Selling at Super Group (SGHC)

In related news, CEO Neal Menashe sold 78,530 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total transaction of $841,056.30. Following the completion of the sale, the chief executive officer directly owned 676,334 shares in the company, valued at $7,243,537.14. This represents a 10.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Martine Nathan sold 4,761 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total transaction of $50,990.31. Following the completion of the transaction, the general counsel owned 30,172 shares in the company, valued at $323,142.12. This represents a 13.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 260,623 shares of company stock worth $3,026,995 in the last quarter. 10.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SGHC. CIBC Private Wealth Group LLC bought a new position in Super Group (SGHC) in the 4th quarter worth $28,000. SBI Securities Co. Ltd. raised its holdings in Super Group (SGHC) by 67,900.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after purchasing an additional 2,716 shares in the last quarter. Wealthspire Advisors LLC bought a new position in Super Group (SGHC) in the 4th quarter worth $120,000. Independent Financial Group LLC bought a new position in Super Group (SGHC) in the 1st quarter worth $114,000. Finally, Cibc World Markets Corp bought a new position in Super Group (SGHC) in the 4th quarter worth $126,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

Super Group (SGHC) Trading Down 2.5%

Shares of SGHC stock opened at $12.44 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. Super Group has a 52-week low of $8.46 and a 52-week high of $14.38. The company has a market capitalization of $6.30 billion, a PE ratio of 25.76 and a beta of 1.11. The business’s fifty day moving average is $11.97 and its 200 day moving average is $11.19.

Super Group (SGHC) (NYSE:SGHC) last announced its earnings results on Saturday, April 18th. The company reported $0.13 earnings per share for the quarter. The business had revenue of $578.00 million for the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. On average, equities research analysts anticipate that Super Group will post 0.8 EPS for the current fiscal year.

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.