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

Key Points

• Wall Street Zen downgraded Super Group (SGHC) from a "buy" to a "hold" in a report released Saturday.
• Despite the downgrade, the MarketBeat consensus remains a "Buy" with a $16.75 average price target and several analysts either raising targets or reaffirming buy ratings.
• Insiders have sold 181,786 shares (~$1.95M) in the past three months to cover tax obligations, while SGHC trades around $12.53 with a 52‑week range of $7.86–$14.38 and a $6.34B market cap.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

A number of other equities analysts have also recently issued reports on SGHC. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Benchmark raised their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, February 24th. Zacks Research raised shares of Super Group (SGHC) from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 25th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Super Group (SGHC) in a research note on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $16.75.

Super Group (SGHC) Price Performance

Shares of SGHC stock opened at $12.53 on Friday. Super Group has a 52-week low of $7.86 and a 52-week high of $14.38. The stock has a market cap of $6.34 billion, a PE ratio of 28.93 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 1.75. The firm's 50 day moving average price is $10.77 and its two-hundred day moving average price is $11.06.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last announced its quarterly earnings data on Friday, April 17th. The company reported $0.13 earnings per share (EPS) for the quarter. Super Group (SGHC) had a net margin of 9.77% and a return on equity of 41.90%. The firm had revenue of $578.00 million for the quarter. As a group, analysts forecast that Super Group will post 0.8 EPS for the current year.

Insider Activity

In other news, General Counsel Martine Nathan sold 4,761 shares of Super Group (SGHC) stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $10.71, for a total transaction of $50,990.31. Following the transaction, the general counsel directly owned 30,172 shares of the company's stock, valued at $323,142.12. This trade represents a 13.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Kirsty Farrah Ross sold 47,391 shares of Super Group (SGHC) stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total transaction of $507,557.61. Following the transaction, the insider directly owned 96,984 shares in the company, valued at approximately $1,038,698.64. This represents a 32.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 181,786 shares of company stock valued at $1,946,928. 10.41% of the stock is owned by company insiders.

Hedge Funds Weigh In On Super Group (SGHC)

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ninety One UK Ltd bought a new stake in Super Group (SGHC) in the 4th quarter valued at $4,987,000. Abacus FCF Advisors LLC bought a new stake in Super Group (SGHC) in the 3rd quarter valued at $4,869,000. Algert Global LLC lifted its position in Super Group (SGHC) by 2,639.6% in the 3rd quarter. Algert Global LLC now owns 733,109 shares of the company's stock valued at $9,677,000 after acquiring an additional 706,349 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Super Group (SGHC) in the 4th quarter valued at $1,509,000. Finally, Zweig DiMenna Associates LLC bought a new stake in Super Group (SGHC) in the 3rd quarter valued at $8,217,000. 5.09% of the stock is owned by 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.

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