Benchmark Forecasts Strong Price Appreciation for Super Group (SGHC) (NYSE:SGHC) Stock

Super Group (SGHC) (NYSE:SGHC) had its price objective raised by equities research analysts at Benchmark from $18.00 to $19.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 28.42% from the company’s previous close.

Several other brokerages also recently weighed in on SGHC. BTIG Research restated a “buy” rating and set a $16.00 price objective on shares of Super Group (SGHC) in a research report on Thursday, April 16th. Zacks Research cut Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings raised Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen raised Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Citizens Jmp increased their target price on shares of Super Group (SGHC) from $17.00 to $19.00 and gave the stock a “market outperform” rating in a report on Wednesday. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Super Group (SGHC) presently has an average rating of “Moderate Buy” and an average price target of $18.00.

Super Group (SGHC) Stock Down 4.6%

Shares of SGHC opened at $14.79 on Friday. The firm has a 50 day simple moving average of $13.47 and a two-hundred day simple moving average of $11.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.61. Super Group has a one year low of $8.46 and a one year high of $15.73. The company has a market cap of $7.48 billion, a P/E ratio of 30.63 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last issued its earnings results on Saturday, April 18th. The company reported $0.13 earnings per share for the quarter. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%.The firm had revenue of $578.00 million for the quarter. Research analysts forecast that Super Group will post 0.8 EPS for the current fiscal year.

Insider Activity at Super Group (SGHC)

In related news, CFO Wyk Alinda Van sold 78,837 shares of Super Group (SGHC) 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Kirsty Farrah Ross sold 25,356 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $13.00, for a total transaction of $329,628.00. Following the sale, the chief operating officer directly owned 27,000 shares in the company, valued at $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. Over the last quarter, insiders have sold 104,201 shares of company stock worth $1,409,805. 10.41% of the stock is owned by corporate insiders.

Institutional Trading of Super Group (SGHC)

Several institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV grew its stake 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 purchasing an additional 1,078 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Super Group (SGHC) by 12.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company’s stock valued at $141,000 after buying an additional 1,418 shares during the last quarter. Mariner LLC increased its stake 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 valued at $1,363,000 after buying an additional 1,471 shares during the period. ProShare Advisors LLC increased its stake 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 valued at $348,000 after buying an additional 1,865 shares during the period. Finally, Advisory Research Inc. raised its position in shares of Super Group (SGHC) by 5.4% during the fourth quarter. Advisory Research Inc. now owns 37,688 shares of the company’s stock worth $450,000 after acquiring an additional 1,923 shares during 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.