Super Group (SGHC) (NYSE:SGHC) Stock Rating Upgraded by Barclays

Super Group (SGHC) (NYSE:SGHC) was upgraded by stock analysts at Barclays to a “hold” rating in a note issued to investors on Friday, Zacks reports.

A number of other equities analysts also recently commented on the stock. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. BTIG Research lifted their target price on Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Benchmark upped their target price on Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Citizens Jmp reissued a “market outperform” rating and set a $19.00 price target on shares of Super Group (SGHC) in a research report on Monday, August 31st. Finally, Weiss Ratings downgraded Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Super Group (SGHC) Stock Performance

Shares of SGHC opened at $10.85 on Friday. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86. The firm has a fifty day simple moving average of $12.52 and a 200 day simple moving average of $13.02. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 15.00 and a beta of 1.10. 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 (SGHC) (NYSE:SGHC) last released its earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. The business had revenue of $684.00 million during the quarter, compared to the consensus estimate of $659.90 million. Research analysts forecast that Super Group will post 0.80 EPS for the current fiscal year.

Insider Activity

In other Super Group (SGHC) news, CFO Wyk Van sold 22,644 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $13.97, for a total value of $316,336.68. Following the completion of the sale, the chief financial officer owned 27,566 shares in the company, valued at $385,097.02. This trade represents a 45.10% decrease in their ownership of the stock. 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, COO Kirsty Ross sold 40,000 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $14.00, for a total transaction of $560,000.00. Following the completion of the sale, the chief operating officer owned 48,261 shares of the company’s stock, valued at approximately $675,654. This represents a 45.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 188,935 shares of company stock valued at $2,636,428. 10.41% of the stock is owned by insiders.

Institutional Investors Weigh In On Super Group (SGHC)

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in Super Group (SGHC) by 172.5% during the first quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock worth $12,508,000 after purchasing an additional 733,073 shares during the period. Prospect Capital Advisors LLC increased its position in Super Group (SGHC) by 42.9% during the first quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after buying an additional 313,100 shares during the last quarter. Anson Funds Management LP increased its position in Super Group (SGHC) by 108.3% during the first quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock worth $5,737,000 after buying an additional 276,214 shares during the last quarter. Sei Investments Co. raised its stake in Super Group (SGHC) by 3.3% in the first quarter. Sei Investments Co. now owns 410,386 shares of the company’s stock valued at $4,432,000 after buying an additional 13,048 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new stake in Super Group (SGHC) in the first quarter valued at approximately $2,662,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

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.