Super Group (SGHC) (NYSE:SGHC) Price Target Raised to $17.00

Super Group (SGHC) (NYSE:SGHC) had its price objective increased by equities researchers at Citizens Jmp from $16.00 to $17.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price target would indicate a potential upside of 22.63% from the company’s previous close.

A number of other brokerages have also recently issued reports on SGHC. Weiss Ratings upgraded shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Benchmark upped their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday. Wall Street Zen upgraded Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, BTIG Research reissued a “buy” rating and issued a $16.00 price objective on shares of Super Group (SGHC) in a research note on Thursday, April 16th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.57.

Super Group (SGHC) Price Performance

Shares of SGHC opened at $13.86 on Wednesday. Super Group has a 12-month low of $8.12 and a 12-month high of $14.38. The business’s fifty day moving average is $11.58 and its 200 day moving average is $11.09. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. The stock has a market cap of $7.01 billion, a P/E ratio of 28.70 and a beta of 1.11.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings results on Saturday, April 18th. The company reported $0.13 EPS for the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. The business had revenue of $578.00 million during the quarter. Sell-side 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 other Super Group (SGHC) news, insider Kirsty Farrah Ross sold 47,391 shares of the stock in a transaction 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 sale, the insider owned 96,984 shares in the company, valued at $1,038,698.64. This represents a 32.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Alinda Van sold 51,104 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $547,323.84. Following the completion of the transaction, the chief financial officer directly owned 78,837 shares of the company’s stock, valued at $844,344.27. The trade was a 39.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 181,786 shares of company stock worth $1,946,928. 10.41% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV lifted its holdings in shares of 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 worth $216,000 after buying an additional 1,078 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of 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 worth $141,000 after purchasing an additional 1,418 shares during the period. Mariner LLC increased its holdings in shares of Super Group (SGHC) by 1.4% in the third quarter. Mariner LLC now owns 103,271 shares of the company’s stock worth $1,363,000 after purchasing an additional 1,471 shares during the period. ProShare Advisors LLC raised its position in shares of Super Group (SGHC) by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 29,112 shares of the company’s stock worth $348,000 after buying an additional 1,865 shares in the last quarter. Finally, Advisory Research Inc. raised its position 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 buying an additional 1,923 shares in the last quarter. Institutional investors own 5.09% of the company’s stock.

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.