Super Group (SGHC) Limited (NYSE:SGHC) Receives Average Recommendation of “Moderate Buy” from Analysts

Super Group (SGHC) Limited (NYSE:SGHC) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $17.5714.

Several equities analysts recently weighed in on SGHC shares. Citizens Jmp increased their target price on Super Group (SGHC) from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 20th. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, May 20th. Wall Street Zen upgraded Super Group (SGHC) from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Zacks Research downgraded Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, BTIG Research restated a “buy” rating and issued a $16.00 price objective on shares of Super Group (SGHC) in a report on Thursday, April 16th.

Insider Transactions at Super Group (SGHC)

In other news, insider Kirsty Farrah Ross sold 47,391 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $507,557.61. Following the transaction, the insider directly owned 96,984 shares in the company, valued at $1,038,698.64. This trade represents a 32.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total value of $50,990.31. Following the completion of the sale, the general counsel owned 30,172 shares of the company’s stock, valued at approximately $323,142.12. This trade represents a 13.63% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 285,979 shares of company stock valued at $3,356,623. 10.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On Super Group (SGHC)

A number of large investors have recently modified their holdings of SGHC. AQR Capital Management LLC grew its stake in shares of Super Group (SGHC) by 235.3% in the first quarter. AQR Capital Management LLC now owns 167,969 shares of the company’s stock valued at $1,082,000 after buying an additional 117,869 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Super Group (SGHC) by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,062 shares of the company’s stock valued at $574,000 after buying an additional 3,783 shares in the last quarter. Millennium Management LLC grew its stake 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 valued at $17,628,000 after buying an additional 1,532,666 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Super Group (SGHC) in the first quarter valued at about $1,523,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Super Group (SGHC) by 30.4% in the second quarter. JPMorgan Chase & Co. now owns 722,660 shares of the company’s stock valued at $7,928,000 after buying an additional 168,622 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group (SGHC) Stock Performance

NYSE SGHC opened at $12.92 on Friday. The business’s 50-day moving average price is $12.19 and its 200 day moving average price is $11.21. Super Group has a twelve month low of $8.46 and a twelve month high of $14.38. The company has a market capitalization of $6.54 billion, a PE ratio of 26.75 and a beta of 1.08. 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 for the quarter. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%.The firm had revenue of $578.00 million for the quarter. On average, research analysts predict that Super Group will post 0.8 earnings per share for the current year.

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.