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 research note issued on Friday, Zacks reports.

Other equities analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 24th. Wall Street Zen downgraded Super Group (SGHC) from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Citizens Jmp reiterated a “market outperform” rating and set a $19.00 target price on shares of Super Group (SGHC) in a report on Monday, August 31st. Benchmark boosted their target price on Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Super Group (SGHC) Stock Down 4.4%

Shares of NYSE SGHC opened at $10.85 on Friday. The stock has a market cap of $5.49 billion, a P/E ratio of 15.00 and a beta of 1.10. The firm has a 50 day moving average price of $12.52 and a 200 day moving average price of $13.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.83 and a current ratio of 1.83. Super Group has a 52-week low of $8.46 and a 52-week high of $15.86.

Super Group (SGHC) (NYSE:SGHC) last issued its earnings results on Tuesday, August 4th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $684.00 million during the quarter, compared to the consensus estimate of $659.90 million. Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. Analysts expect that Super Group will post 0.80 EPS for the current year.

Insider Activity at Super Group (SGHC)

In other news, CFO Wyk Van sold 22,644 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 27,566 shares in the company, valued at $385,097.02. This represents a 45.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kirsty Ross sold 54,551 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $762,077.47. Following the sale, the chief operating officer directly owned 88,261 shares of the company’s stock, valued at $1,233,006.17. This represents a 38.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 188,935 shares of company stock worth $2,636,428 over the last ninety days. 10.41% of the stock is owned by corporate insiders.

Institutional Trading of Super Group (SGHC)

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC lifted its holdings in shares of Super Group (SGHC) by 840.3% in the third quarter. Sterling Capital Management LLC now owns 5,416 shares of the company’s stock valued at $61,000 after purchasing an additional 4,840 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Super Group (SGHC) during the second quarter worth about $674,000. Globeflex Capital L P bought a new position in shares of Super Group (SGHC) during the second quarter worth about $1,265,000. Baron Wealth Management LLC bought a new position in shares of Super Group (SGHC) during the second quarter worth about $158,000. Finally, Prospect Capital Advisors LLC grew its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group (SGHC) Company Profile

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.