Super Group (SGHC) (NYSE:SGHC) Given New $16.00 Price Target at BTIG Research

Super Group (SGHC) (NYSE:SGHC) had its price target decreased by BTIG Research from $19.00 to $16.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research‘s price objective would indicate a potential upside of 37.19% from the stock’s current price.

A number of other brokerages have also recently commented on SGHC. Needham & Company LLC raised their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings downgraded shares of Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 24th. Benchmark raised their price target on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Wall Street Zen cut shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Finally, Barclays initiated coverage on shares of Super Group (SGHC) in a research note on Friday, October 23rd. They set an “equal weight” rating and a $13.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.50.

Super Group (SGHC) Trading Up 4.1%

Shares of Super Group (SGHC) stock traded up $0.46 on Wednesday, hitting $11.66. 4,544,043 shares of the company traded hands, compared to its average volume of 2,995,023. 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 company has a market cap of $5.90 billion, a PE ratio of 16.15 and a beta of 1.09. The stock’s 50 day moving average price is $12.16 and its 200-day moving average price is $12.14. Super Group has a 52 week low of $8.46 and a 52 week high of $15.86.

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

Insider Buying and Selling at Super Group (SGHC)

In other news, COO Kirsty Ross sold 40,000 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were 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 of the company’s stock, valued at approximately $675,654. The trade was a 45.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Alon Ben – David sold 23,300 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were 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 directly owned 7,814 shares of the company’s stock, valued at $107,755.06. This represents a 74.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 10.41% of the stock is owned by insiders.

Institutional Trading of Super Group (SGHC)

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Point Nemo Capital LLC increased its position in shares of Super Group (SGHC) by 2.0% during the third quarter. Point Nemo Capital LLC now owns 117,367 shares of the company’s stock valued at $1,332,000 after acquiring an additional 2,353 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Super Group (SGHC) by 840.3% during the 3rd quarter. Sterling Capital Management LLC now owns 5,416 shares of the company’s stock worth $61,000 after purchasing an additional 4,840 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Super Group (SGHC) in the 2nd quarter valued at approximately $674,000. Globeflex Capital L P acquired a new stake in Super Group (SGHC) in the 2nd quarter valued at approximately $1,265,000. Finally, Baron Wealth Management LLC acquired a new stake in Super Group (SGHC) in the 2nd quarter valued at approximately $158,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

Key Super Group (SGHC) News

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.