Super Group (SGHC) (NYSE:SGHC) Raised to “Buy” at Wall Street Zen

Super Group (SGHC) (NYSE:SGHC) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other research analysts have also recently weighed in on SGHC. Weiss Ratings cut Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 24th. Needham & Company LLC boosted their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 6th. 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. BTIG Research decreased their price objective on shares of Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, November 4th. Finally, Barclays started coverage on shares of Super Group (SGHC) in a research note on Friday, October 23rd. They issued an “equal weight” rating and a $13.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

Super Group (SGHC) Trading Down 0.1%

Shares of Super Group (SGHC) stock opened at $11.34 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.34 and a current ratio of 2.34. The company has a market cap of $5.74 billion, a P/E ratio of 13.95 and a beta of 1.09. The firm has a 50-day simple moving average of $12.01 and a two-hundred day simple moving average of $12.17. Super Group has a fifty-two week low of $8.46 and a fifty-two week high of $15.86.

Super Group (SGHC) (NYSE:SGHC) last announced its earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Super Group (SGHC) had a return on equity of 49.92% and a net margin of 16.74%. The firm had revenue of $611.00 million for the quarter, compared to analyst estimates of $623.50 million. As a group, equities analysts predict that Super Group will post 0.92 earnings per share for the current fiscal year.

Insider Transactions at Super Group (SGHC)

In other Super Group (SGHC) news, COO Kirsty Ross sold 40,000 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $14.00, for a total value of $560,000.00. Following the completion of the transaction, the chief operating officer directly owned 48,261 shares of the company’s stock, valued at approximately $675,654. This trade represents a 45.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Alon Ben – David sold 23,300 shares of Super Group (SGHC) stock in a transaction on Monday, September 14th. The stock was sold at an average price of $13.79, for a total value of $321,307.00. Following the transaction, the chief technology officer directly owned 7,814 shares of the company’s stock, valued at $107,755.06. This trade represents a 74.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 66,024 shares of company stock valued at $910,563 in the last quarter. Insiders own 10.41% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Globeflex Capital L P purchased a new position in Super Group (SGHC) during the second quarter worth about $1,265,000. Prospect Capital Advisors LLC boosted its position in shares of Super Group (SGHC) by 42.9% in the first quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after acquiring an additional 313,100 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Super Group (SGHC) by 579.3% during the 1st quarter. Quantinno Capital Management LP now owns 111,764 shares of the company’s stock valued at $1,207,000 after buying an additional 95,311 shares during the period. Anson Funds Management LP increased its position in Super Group (SGHC) by 108.3% during the 1st quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock worth $5,737,000 after purchasing an additional 276,214 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Super Group (SGHC) in the 1st quarter valued at $2,662,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

About Super Group (SGHC)