Super Group (SGHC) (NYSE:SGHC) Stock Rating Lowered by Zacks Research

Super Group (SGHC) (NYSE:SGHC) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other brokerages also recently issued reports on SGHC. Benchmark lifted their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. BTIG Research reissued a “buy” rating and set a $16.00 target price on shares of Super Group (SGHC) in a research note on Thursday, April 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Finally, Wall Street Zen downgraded Super Group (SGHC) from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.75.

Super Group (SGHC) Stock Down 1.1%

SGHC stock opened at $12.35 on Monday. Super Group has a twelve month low of $7.91 and a twelve month high of $14.38. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.02. The stock has a market cap of $6.24 billion, a P/E ratio of 28.51 and a beta of 1.05. The business’s 50-day moving average price is $10.90 and its 200-day moving average price is $11.01.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings data on Saturday, April 18th. The company reported $0.13 earnings per share for the quarter. Super Group (SGHC) had a return on equity of 40.15% and a net margin of 9.77%.The firm had revenue of $578.00 million for the quarter. On average, equities research analysts forecast that Super Group will post 0.8 EPS for the current year.

Insiders Place Their Bets

In other Super Group (SGHC) news, insider Kirsty Farrah Ross sold 47,391 shares of Super Group (SGHC) stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $507,557.61. Following the sale, the insider owned 96,984 shares of the company’s stock, valued at $1,038,698.64. The trade was a 32.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Martine Nathan sold 4,761 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $50,990.31. Following the sale, the general counsel directly owned 30,172 shares in the company, valued at $323,142.12. This trade represents a 13.63% 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. Insiders sold a total of 181,786 shares of company stock worth $1,946,928 over the last quarter. Company insiders own 10.41% of the company’s stock.

Institutional Trading of Super Group (SGHC)

Hedge funds have recently modified their holdings of the company. CIBC Private Wealth Group LLC purchased a new stake in shares of Super Group (SGHC) during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. raised its holdings in shares of Super Group (SGHC) by 67,900.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after acquiring an additional 2,716 shares in the last quarter. Wealthspire Advisors LLC purchased a new stake in shares of Super Group (SGHC) during the 4th quarter worth approximately $120,000. Pacer Advisors Inc. raised its holdings in shares of Super Group (SGHC) by 78.9% during the 3rd quarter. Pacer Advisors Inc. now owns 10,352 shares of the company’s stock worth $137,000 after acquiring an additional 4,567 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Super Group (SGHC) during the 4th quarter worth approximately $126,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

About Super Group (SGHC)

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.