Super Group (SGHC) Limited (NYSE:SGHC) Receives $17.57 Average PT from Brokerages

Super Group (SGHC) Limited (NYSE:SGHC) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $17.5714.

SGHC has been the topic of a number of research reports. Benchmark raised their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. BTIG Research reissued a “buy” rating and issued a $16.00 target price on shares of Super Group (SGHC) in a research note on Thursday, April 16th. Citizens Jmp raised their target price on shares of Super Group (SGHC) from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 20th. Weiss Ratings raised shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Zacks Research lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th.

Super Group (SGHC) Trading Up 2.5%

SGHC stock opened at $13.05 on Friday. 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 has a 12-month low of $8.46 and a 12-month high of $14.38. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 27.01 and a beta of 1.08. The business’s 50-day moving average is $12.14 and its 200 day moving average is $11.20.

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

Insider Buying and Selling at Super Group (SGHC)

In other Super Group (SGHC) news, CEO Neal Menashe sold 78,530 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total value of $841,056.30. Following the transaction, the chief executive officer directly owned 676,334 shares of the company’s stock, valued at $7,243,537.14. This trade represents a 10.40% 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, insider Kirsty Farrah Ross sold 47,391 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 $507,557.61. Following the completion of 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 ownership of the stock. 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. Over the last 90 days, insiders sold 285,979 shares of company stock valued at $3,356,623. Company insiders own 10.41% of the company’s stock.

Institutional Trading of Super Group (SGHC)

Several institutional investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its position in Super Group (SGHC) by 7.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 16,363 shares of the company’s stock valued at $216,000 after purchasing an additional 1,078 shares during the period. PNC Financial Services Group Inc. raised its position in Super Group (SGHC) by 12.2% in the first quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company’s stock valued at $141,000 after purchasing an additional 1,418 shares during the period. Mariner LLC raised its position in Super Group (SGHC) by 1.4% in the third quarter. Mariner LLC now owns 103,271 shares of the company’s stock valued at $1,363,000 after purchasing an additional 1,471 shares during the period. ProShare Advisors LLC raised its position in Super Group (SGHC) by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 29,112 shares of the company’s stock valued at $348,000 after purchasing an additional 1,865 shares during the period. Finally, Advisory Research Inc. grew its stake in shares of Super Group (SGHC) by 5.4% in the fourth quarter. Advisory Research Inc. now owns 37,688 shares of the company’s stock worth $450,000 after acquiring an additional 1,923 shares in the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

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.