Super Group (SGHC) (NYSE:SGHC) Upgraded to Strong-Buy at Zacks Research

Super Group (SGHC) (NYSE:SGHC) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

A number of other research analysts have also issued reports on SGHC. Weiss Ratings lowered shares of Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. Barclays initiated coverage on shares of Super Group (SGHC) in a report on Friday, October 23rd. They set an “equal weight” rating and a $13.00 price objective on the stock. Benchmark upped their target price on Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Finally, Needham & Company LLC raised their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.20.

Super Group (SGHC) Stock Down 1.9%

Shares of SGHC stock traded down $0.22 during trading hours on Thursday, reaching $11.34. 2,577,100 shares of the company’s stock were exchanged, compared to its average volume of 2,920,884. Super Group has a 1 year low of $8.46 and a 1 year high of $15.86. The stock has a market cap of $5.74 billion, a PE ratio of 13.95 and a beta of 1.09. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $12.01 and its two-hundred day moving average price is $12.17.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. The firm had revenue of $611.00 million during the quarter, compared to analyst estimates of $623.50 million. Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. Research analysts predict that Super Group will post 0.92 EPS for the current year.

Insider Activity at Super Group (SGHC)

In other news, COO Kirsty Ross sold 2,724 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $10.74, for a total value of $29,255.76. Following the sale, the chief operating officer directly owned 51,316 shares of the company’s stock, valued at $551,133.84. This represents a 5.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Alon Ben – David sold 23,300 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $13.79, for a total transaction of $321,307.00. Following the completion of the sale, the chief technology officer owned 7,814 shares in the company, valued at $107,755.06. The trade was a 74.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 66,024 shares of company stock valued at $910,563. Company insiders own 10.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SGHC. Bank of America Corp DE boosted its holdings in Super Group (SGHC) by 172.5% in the first quarter. Bank of America Corp DE now owns 1,158,102 shares of the company’s stock valued at $12,508,000 after purchasing an additional 733,073 shares during the last quarter. Prospect Capital Advisors LLC raised its stake 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 valued at $11,255,000 after buying an additional 313,100 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Super Group (SGHC) by 5.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 718,891 shares of the company’s stock valued at $8,159,000 after buying an additional 39,616 shares during the period. Anson Funds Management LP lifted its holdings in shares of Super Group (SGHC) by 108.3% in the 1st quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock valued at $5,737,000 after buying an additional 276,214 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Super Group (SGHC) by 3.3% in the 1st quarter. Sei Investments Co. now owns 410,386 shares of the company’s stock valued at $4,432,000 after buying an additional 13,048 shares during the period. Hedge funds and other institutional investors own 5.09% of the company’s stock.

About Super Group (SGHC)

Super Group (SGHC) Ltd. is a global online sports betting and gaming company. Its principal brands are Betway, an online sportsbook and casino operator, and Spin, an online casino brand. Through these businesses, Super Group offers sports wagering, casino games, live casino products and related digital gaming services.

The company serves customers across multiple international markets, including regions in Africa, Asia, Europe, North America and South America, subject to local regulatory requirements.