BTIG Research Increases Super Group (SGHC) (NYSE:SGHC) Price Target to $19.00

Super Group (SGHC) (NYSE:SGHC) had its price target hoisted by BTIG Research from $16.00 to $19.00 in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s target price would suggest a potential upside of 29.16% from the stock’s current price.

Other research analysts also recently issued reports about the company. Zacks Research downgraded Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Weiss Ratings raised Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Citizens Jmp lifted their price objective on Super Group (SGHC) from $17.00 to $19.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 8th. Finally, Benchmark upped their target price 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. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Super Group (SGHC) currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.43.

Super Group (SGHC) Price Performance

Super Group (SGHC) stock opened at $14.71 on Friday. The stock has a market capitalization of $7.44 billion, a P/E ratio of 30.46 and a beta of 1.06. Super Group has a 12-month low of $8.46 and a 12-month high of $15.73. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.61. The firm’s 50-day moving average is $13.69 and its two-hundred day moving average is $11.74.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings data on Saturday, April 18th. The company reported $0.13 earnings per share for the quarter. The business had revenue of $578.00 million during the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. Equities analysts predict that Super Group will post 0.8 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Super Group (SGHC)

Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in Super Group (SGHC) by 235.3% during the first quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock worth $1,082,000 after acquiring an additional 117,869 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Super Group (SGHC) by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock valued at $574,000 after purchasing an additional 3,783 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the period. Jane Street Group LLC purchased a new stake in shares of Super Group (SGHC) during the 1st quarter worth about $1,523,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Super Group (SGHC) by 30.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock worth $7,928,000 after purchasing an additional 168,622 shares during the period. 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.