Super Group (SGHC)'s (SGHC) "Market Outperform" Rating Reiterated at Citizens Jmp

Key Points

• Citizens JMP reiterated its “Market Outperform” rating on Super Group, with a $19 price target implying approximately 36.5% upside from the prior close.
• Analyst sentiment remains positive: seven analysts rate the stock Buy and two Hold, producing a consensus “Moderate Buy” rating and average price target of $18.71.
• Super Group’s latest quarterly revenue of $684 million exceeded estimates, though adjusted earnings of $0.22 per share fell just short of the $0.23 consensus forecast.

Super Group (SGHC) (NYSE:SGHC - Get Free Report)'s stock had its "market outperform" rating reissued by investment analysts at Citizens Jmp in a report released on Monday,Benzinga reports. They presently have a $19.00 price target on the stock. Citizens Jmp's price objective suggests a potential upside of 36.49% from the company's previous close.

Several other research analysts also recently weighed in on the company. BTIG Research boosted their target price on Super Group (SGHC) from $16.00 to $19.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. Wall Street Zen upgraded Super Group (SGHC) from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. Benchmark raised their price target on Super Group (SGHC) from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Needham & Company LLC boosted their price target on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Super Group (SGHC) in a report on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $18.71.

Super Group (SGHC) Price Performance

Shares of SGHC opened at $13.92 on Monday. The company has a 50 day moving average of $14.02 and a two-hundred day moving average of $12.50. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.02. Super Group has a twelve month low of $8.46 and a twelve month high of $15.86. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 19.25 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $684.00 million for the quarter, compared to analyst estimates of $659.90 million. As a group, analysts predict that Super Group will post 0.8 earnings per share for the current fiscal year.

Insider Activity at Super Group (SGHC)

In other Super Group (SGHC) news, CFO Wyk Alinda Van sold 22,644 shares of Super Group (SGHC) stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $316,336.68. Following the completion of the sale, the chief financial officer owned 27,566 shares of the company's stock, valued at approximately $385,097.02. The trade was a 45.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Neal Menashe sold 48,440 shares of the business's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $13.97, for a total value of $676,706.80. Following the sale, the chief executive officer owned 730,733 shares in the company, valued at approximately $10,208,340.01. The trade was a 6.22% 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. Insiders have sold a total of 150,999 shares of company stock valued at $2,084,859 in the last ninety days. Company insiders own 10.41% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC purchased a new stake in Super Group (SGHC) in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. raised its position in Super Group (SGHC) by 119.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company's stock worth $71,000 after buying an additional 3,244 shares during the last quarter. Independent Financial Group LLC purchased a new position in Super Group (SGHC) during the 1st quarter worth approximately $114,000. Wealthspire Advisors LLC acquired a new stake in Super Group (SGHC) during the 4th quarter valued at approximately $120,000. Finally, Teza Capital Management LLC acquired a new stake in Super Group (SGHC) during the 2nd quarter valued at approximately $121,000. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Super Group (SGHC) Company Profile

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.

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