Citizens Jmp Reiterates Market Outperform Rating for Super Group (SGHC) (NYSE:SGHC)

Super Group (SGHC) (NYSE:SGHC)‘s stock had its “market outperform” rating restated by analysts at Citizens Jmp in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $19.00 price target on the stock. Citizens Jmp’s target price suggests a potential upside of 36.49% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Super Group (SGHC) in a research report on Thursday, August 13th. Needham & Company LLC upped their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Benchmark raised their price objective on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. BTIG Research lifted their target price on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 17th. 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Super Group (SGHC) has an average rating of “Moderate Buy” and an average target price of $18.71.

Super Group (SGHC) Stock Performance

NYSE SGHC opened at $13.92 on Monday. The stock has a 50-day simple moving average of $14.02 and a two-hundred day simple moving average of $12.50. The firm has a market capitalization of $7.04 billion, a P/E ratio of 19.25 and a beta of 1.06. Super Group has a fifty-two week low of $8.46 and a fifty-two week high of $15.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.83 and a current ratio of 1.83.

Super Group (SGHC) (NYSE:SGHC) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. The company had revenue of $684.00 million during the quarter, compared to analyst estimates of $659.90 million. On average, equities analysts forecast that Super Group will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Super Group (SGHC)

In other news, COO Kirsty Farrah Ross sold 54,551 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $762,077.47. Following the completion of the transaction, the chief operating officer directly owned 88,261 shares of the company’s stock, valued at $1,233,006.17. This represents a 38.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Neal Menashe sold 48,440 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $13.97, for a total value of $676,706.80. Following the transaction, the chief executive officer owned 730,733 shares in the company, valued at $10,208,340.01. This trade represents a 6.22% decrease in their position. 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 three months, insiders have sold 150,999 shares of company stock valued at $2,084,859. Company insiders own 10.41% of the company’s stock.

Institutional Investors Weigh In On Super Group (SGHC)

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its holdings in Super Group (SGHC) by 250.7% during the second quarter. California State Teachers Retirement System now owns 30,244 shares of the company’s stock valued at $410,000 after purchasing an additional 21,621 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Super Group (SGHC) during the second quarter worth about $674,000. Globeflex Capital L P acquired a new position in shares of Super Group (SGHC) during the 2nd quarter worth about $1,265,000. Baron Wealth Management LLC acquired a new position in shares of Super Group (SGHC) during the 2nd quarter worth about $158,000. Finally, Prospect Capital Advisors LLC raised its position in shares of Super Group (SGHC) by 42.9% during the 1st quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after purchasing an additional 313,100 shares during the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

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.