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Super Group (SGHC) (NYSE:SGHC – Get Free Report) had its target price upped by investment analysts at Citizens Jmp from $17.00 to $19.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s target price would indicate a potential upside of 28.08% from the company’s current price.
SGHC has been the topic of several other reports. BTIG Research restated a “buy” rating and set a $16.00 price objective on shares of Super Group (SGHC) in a report on Thursday, April 16th. Citigroup reissued an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday. Weiss Ratings upgraded shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Zacks Research downgraded Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.86.
View Our Latest Stock Report on Super Group (SGHC)
Super Group (SGHC) Price Performance
Super Group (SGHC) (NYSE:SGHC – Get Free Report) last issued its quarterly earnings data on Saturday, April 18th. The company reported $0.13 EPS for the quarter. The firm had revenue of $578.00 million for the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. Equities research analysts anticipate that Super Group will post 0.8 earnings per share for the current fiscal year.
Insider Buying and Selling at Super Group (SGHC)
In related news, CFO Wyk Alinda Van sold 78,837 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total transaction of $1,080,066.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kirsty Farrah Ross sold 25,356 shares of Super Group (SGHC) stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total value of $329,628.00. Following the transaction, the chief operating officer directly owned 27,000 shares in the company, valued at approximately $351,000. The trade was a 48.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 104,201 shares of company stock valued at $1,409,805. Insiders own 10.41% of the company’s stock.
Institutional Trading of Super Group (SGHC)
A number of hedge funds and other institutional investors have recently made changes to their positions in SGHC. Ninety One UK Ltd bought a new position in shares of Super Group (SGHC) in the fourth quarter valued at $4,987,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Super Group (SGHC) during the 4th quarter valued at $1,509,000. Algert Global LLC boosted its stake in shares of Super Group (SGHC) by 2,639.6% during the 3rd quarter. Algert Global LLC now owns 733,109 shares of the company’s stock worth $9,677,000 after acquiring an additional 706,349 shares in the last quarter. Norges Bank acquired a new position in shares of Super Group (SGHC) in the 4th quarter worth $23,791,000. Finally, AYAL Capital Advisors Ltd acquired a new position in shares of Super Group (SGHC) in the 4th quarter worth $4,510,000. 5.09% of the stock is currently owned by institutional investors.
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.
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