Super Group (SGHC) (NYSE:SGHC) Coverage Initiated by Analysts at Barclays

Investment analysts at Barclays began coverage on shares of Super Group (SGHC) (NYSE:SGHC) in a note issued to investors on Friday, Marketbeat.com reports. The brokerage set an “equal weight” rating and a $13.00 price target on the stock. Barclays‘s price target would suggest a potential upside of 19.86% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Weiss Ratings lowered 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. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a research report on Wednesday, July 8th. BTIG Research upped their price target on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $19.00 price target on shares of Super Group (SGHC) in a report on Monday, August 31st. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Super Group (SGHC) Stock Performance

Super Group (SGHC) stock traded down $0.50 during mid-day trading on Friday, reaching $10.85. 5,306,861 shares of the company traded hands, compared to its average volume of 2,546,794. The firm’s fifty day moving average is $12.52 and its two-hundred day moving average is $13.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 15.00 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.

Super Group (SGHC) (NYSE:SGHC) last posted its earnings results 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 return on equity of 47.37% and a net margin of 15.22%. The firm had revenue of $684.00 million for the quarter, compared to analysts’ expectations of $659.90 million. On average, equities research analysts expect that Super Group will post 0.80 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Kirsty Ross sold 54,551 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $13.97, for a total value of $762,077.47. Following the completion of the sale, the chief operating officer owned 88,261 shares in the company, valued at $1,233,006.17. This represents a 38.20% decrease in their ownership of the stock. 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, CFO Wyk Van sold 22,644 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $13.97, for a total value of $316,336.68. Following the completion of the sale, the chief financial officer directly owned 27,566 shares of the company’s stock, valued at approximately $385,097.02. This represents a 45.10% decrease in their ownership of the stock. 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 90 days, insiders sold 188,935 shares of company stock valued at $2,636,428. 10.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Super Group (SGHC)

Hedge funds and other institutional investors have recently modified their holdings of the stock. Globeflex Capital L P acquired a new stake in Super Group (SGHC) in the 2nd quarter worth $1,265,000. Prospect Capital Advisors LLC lifted its position in shares of Super Group (SGHC) by 42.9% in the 1st quarter. Prospect Capital Advisors LLC now owns 1,042,100 shares of the company’s stock worth $11,255,000 after acquiring an additional 313,100 shares during the period. Quantinno Capital Management LP grew its holdings in shares of Super Group (SGHC) by 579.3% during the 1st quarter. Quantinno Capital Management LP now owns 111,764 shares of the company’s stock worth $1,207,000 after purchasing an additional 95,311 shares in the last quarter. Anson Funds Management LP increased its position in shares of Super Group (SGHC) by 108.3% during the first quarter. Anson Funds Management LP now owns 531,214 shares of the company’s stock valued at $5,737,000 after purchasing an additional 276,214 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Super Group (SGHC) in the first quarter valued at $2,662,000. Institutional investors and hedge funds 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.