Super Group (SGHC) (NYSE:SGHC) Rating Lowered to Hold at Wall Street Zen

Super Group (SGHC) (NYSE:SGHC) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other research analysts have also recently weighed in on the company. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, July 8th. Weiss Ratings downgraded Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. Benchmark upped their price target on 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 raised their price objective on Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, Needham & Company LLC raised their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Super Group (SGHC) currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Super Group (SGHC) Stock Performance

NYSE:SGHC opened at $11.32 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.72 billion, a P/E ratio of 15.65 and a beta of 1.10. Super Group has a fifty-two week low of $8.46 and a fifty-two week high of $15.86. The firm’s 50 day moving average is $12.93 and its two-hundred day moving average is $13.00.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates 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. Analysts expect that Super Group will post 0.80 EPS for the current year.

Insider Buying and Selling at Super Group (SGHC)

In related news, CTO Alon Ben – David sold 23,300 shares of Super Group (SGHC) stock in a transaction on Monday, September 14th. The shares were sold at an average price of $13.79, for a total transaction of $321,307.00. Following the transaction, the chief technology officer owned 7,814 shares in the company, valued at approximately $107,755.06. The trade was a 74.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Kirsty Ross sold 54,551 shares of Super Group (SGHC) stock in a transaction on Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $762,077.47. Following the transaction, the chief operating officer owned 88,261 shares in the company, valued at $1,233,006.17. The trade was a 38.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 188,935 shares of company stock worth $2,636,428. 10.41% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in shares of 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 worth $12,508,000 after buying an additional 733,073 shares during the period. Prospect Capital Advisors LLC grew its stake in shares of Super Group (SGHC) by 42.9% in the first 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 in the last quarter. Findell Capital Management LLC grew its stake in shares of Super Group (SGHC) by 40.3% in the fourth quarter. Findell Capital Management LLC now owns 940,000 shares of the company’s stock valued at $11,233,000 after buying an additional 269,901 shares in the last quarter. Anson Funds Management LP raised its holdings in shares of Super Group (SGHC) by 108.3% during 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. raised its holdings in shares of Super Group (SGHC) by 3.3% during 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. 5.09% of the stock is owned by hedge funds and other institutional investors.

About Super Group (SGHC)

Super Group (SGHC) Limited is a global online sports betting and gaming company. Its principal brands include Betway, an online sportsbook and casino operator, and Spin, an online casino and gaming platform. Through these brands, the company offers sports wagering, casino games, live dealer products, poker and related digital entertainment services, subject to local regulations.

Super Group serves customers across multiple international markets, with operations and licenses spanning regions including Europe, Africa, the Americas and other parts of the world.