Super Group (SGHC) (NYSE:SGHC) Trading Up 6.2% – Still a Buy?

Super Group (SGHC) Limited (NYSE:SGHC)’s stock price rose 6.2% on Tuesday . The stock traded as high as $13.75 and last traded at $13.6680. Approximately 2,806,147 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 3,072,903 shares. The stock had previously closed at $12.87.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SGHC shares. Citigroup reaffirmed an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, May 20th. Wall Street Zen raised Super Group (SGHC) from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Zacks Research cut shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Benchmark increased their price target on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $16.00 target price on shares of Super Group (SGHC) in a report on Thursday, April 16th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.57.

Super Group (SGHC) Price Performance

The stock has a fifty day moving average of $12.24 and a two-hundred day moving average of $11.21. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 27.78 and a beta of 1.08. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02.

Super Group (SGHC) (NYSE:SGHC) last issued its earnings results on Saturday, April 18th. The company reported $0.13 EPS for the quarter. The company had revenue of $578.00 million for the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. On average, equities research analysts anticipate that Super Group will post 0.8 earnings per share 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 stock was sold at an average price of $10.71, for a total value of $50,990.31. Following the completion of the sale, the general counsel owned 30,172 shares of the company’s stock, valued at $323,142.12. The trade was a 13.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Wyk Alinda Van sold 78,837 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $13.70, for a total transaction of $1,080,066.90. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 285,979 shares of company stock valued at $3,356,623 over the last quarter. Insiders own 10.41% of the company’s stock.

Institutional Trading of Super Group (SGHC)

A number of large investors have recently added to or reduced their stakes in SGHC. CIBC Private Wealth Group LLC bought a new stake in Super Group (SGHC) during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. lifted its stake in shares of Super Group (SGHC) by 67,900.0% in the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock valued at $36,000 after buying an additional 2,716 shares in the last quarter. Independent Financial Group LLC bought a new stake in Super Group (SGHC) during the first quarter worth $114,000. Wealthspire Advisors LLC bought a new position in shares of Super Group (SGHC) during the 4th quarter worth $120,000. Finally, Teza Capital Management LLC bought a new position in shares of Super Group (SGHC) in the second quarter worth $121,000. 5.09% of the stock is currently owned by 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.