Super Group (SGHC) (NYSE:SGHC) Given New $19.00 Price Target at Citizens Jmp

Super Group (SGHC) (NYSE:SGHC) had its price target raised by analysts at Citizens Jmp from $17.00 to $19.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price target would suggest a potential upside of 28.08% from the stock’s previous close.

Other research analysts have also issued reports about the company. BTIG Research reissued a “buy” rating and set a $16.00 price target on shares of Super Group (SGHC) in a research report on Thursday, April 16th. Zacks Research downgraded Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings raised shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday. Finally, 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. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.86.

Super Group (SGHC) Stock Up 1.1%

SGHC stock opened at $14.84 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market capitalization of $7.50 billion, a P/E ratio of 30.71 and a beta of 1.06. Super Group has a 52-week low of $8.46 and a 52-week high of $14.86. The company’s 50 day simple moving average is $13.36 and its 200-day simple moving average is $11.57.

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

Insider Buying and Selling

In related news, CFO Wyk Alinda Van sold 78,837 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total transaction of $1,080,066.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Kirsty Farrah Ross sold 25,356 shares of Super Group (SGHC) stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $13.00, for a total transaction of $329,628.00. Following the completion of the sale, the chief operating officer owned 27,000 shares of the company’s stock, valued at $351,000. This trade represents a 48.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 104,201 shares of company stock worth $1,409,805 in the last 90 days. 10.41% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Super Group (SGHC)

Several hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC acquired a new stake in shares of Super Group (SGHC) in the fourth quarter worth about $28,000. SBI Securities Co. Ltd. lifted its holdings in Super Group (SGHC) by 119.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company’s stock worth $71,000 after purchasing an additional 3,244 shares during the last quarter. Wealthspire Advisors LLC bought a new stake in Super Group (SGHC) during the fourth quarter worth approximately $120,000. Independent Financial Group LLC bought a new stake in Super Group (SGHC) during the first quarter worth approximately $114,000. Finally, Cibc World Markets Corp acquired a new position in Super Group (SGHC) during the fourth quarter valued at approximately $126,000. 5.09% of the stock is owned by institutional investors and hedge funds.

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.