BTIG Research Has Lowered Expectations for Super Group (SGHC) (NYSE:SGHC) Stock Price

Super Group (SGHC) (NYSE:SGHC) had its price objective dropped by analysts at BTIG Research from $19.00 to $16.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research‘s target price points to a potential upside of 37.19% from the stock’s current price.

SGHC has been the subject of several other research reports. Barclays started coverage on shares of Super Group (SGHC) in a research report on Friday, October 23rd. They issued an “equal weight” rating and a $13.00 price target for the company. Needham & Company LLC upped their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. Wall Street Zen downgraded shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Finally, Benchmark boosted their price target 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. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

Super Group (SGHC) Stock Up 4.1%

SGHC traded up $0.46 during trading hours on Wednesday, hitting $11.66. 4,544,043 shares of the company’s stock were exchanged, compared to its average volume of 2,995,023. Super Group has a 12-month low of $8.46 and a 12-month high of $15.86. The firm has a 50 day moving average of $12.16 and a 200 day moving average of $12.14. 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 firm has a market cap of $5.90 billion, a P/E ratio of 16.15 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last issued its earnings results on Tuesday, November 3rd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $611.00 million during the quarter, compared to the consensus estimate of $623.50 million. Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. Analysts predict that Super Group will post 0.80 EPS for the current fiscal year.

Insider Transactions at Super Group (SGHC)

In related news, CTO Alon Ben – David sold 23,300 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $13.79, for a total value 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. This trade represents a 74.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Kirsty Ross sold 40,000 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $14.00, for a total transaction of $560,000.00. Following the transaction, the chief operating officer owned 48,261 shares in the company, valued at $675,654. The trade was a 45.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 10.41% of the company’s stock.

Hedge Funds Weigh In On Super Group (SGHC)

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC grew its holdings in Super Group (SGHC) by 840.3% in the third quarter. Sterling Capital Management LLC now owns 5,416 shares of the company’s stock valued at $61,000 after purchasing an additional 4,840 shares during the last quarter. Independent Financial Group LLC purchased a new stake in shares of Super Group (SGHC) in the 1st quarter worth about $114,000. PNC Financial Services Group Inc. grew its stake in 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 acquiring an additional 1,418 shares during the last quarter. Baron Wealth Management LLC acquired a new stake in Super Group (SGHC) in the 2nd quarter valued at about $158,000. Finally, Hsbc Holdings PLC purchased a new position in Super Group (SGHC) during the 1st quarter valued at about $284,000. 5.09% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Super Group (SGHC)

Here are the key news stories impacting Super Group (SGHC) this week:

• Positive Sentiment: Super Group announced a $150 million share buyback, which could signal management confidence and return capital to shareholders. Article: Super Group Limited announces an Equity Buyback
• Positive Sentiment: Q3 earnings were $0.28 per share, above the $0.19 consensus cited in one report; revenue rose 10% year over year. Article: Super Group Tops Q3 EPS and Offers Guidance
• Negative Sentiment: Revenue of $611 million missed the $623.5 million analyst estimate. Sports results also led the company to revise its guidance, raising concerns about the near-term outlook. Article: Revenue Climbs 10% but Sports Results Prompt Guidance Revision

Super Group (SGHC) Company Profile

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.