Key Points
- Super Group CFO Wyk Alinda Van sold 78,837 shares on May 19 at an average price of $13.70, totaling about $1.08 million.
- This follows another insider sale by the same executive in April, when 51,104 shares were sold at an average price of $10.71 for roughly $547,324.
- Despite the insider selling, analysts remain broadly constructive: SGHC has a Moderate Buy consensus rating with an average price target of $17.57, and the company recently reported quarterly EPS of $0.13 on revenue of $578 million.
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Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) CFO Wyk Alinda Van sold 78,837 shares of Super Group (SGHC) stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $13.70, for a total value of $1,080,066.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Wyk Alinda Van also recently made the following trade(s):
- On Wednesday, April 8th, Wyk Alinda Van sold 51,104 shares of Super Group (SGHC) stock. The stock was sold at an average price of $10.71, for a total value of $547,323.84.
Super Group (SGHC) Price Performance
Shares of SGHC stock opened at $12.94 on Wednesday. The stock has a 50-day moving average price of $11.84 and a 200 day moving average price of $11.17. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 26.79 and a beta of 1.11. Super Group has a 12 month low of $8.46 and a 12 month high of $14.38.
Super Group (SGHC) (NYSE:SGHC - Get Free Report) last announced its quarterly earnings data on Saturday, April 18th. The company reported $0.13 EPS for the quarter. The firm had revenue of $578.00 million during the quarter. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%. Research analysts expect that Super Group will post 0.8 EPS for the current year.
Hedge Funds Weigh In On Super Group (SGHC)
Several institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. grew its position in shares of Super Group (SGHC) by 3.0% in the 3rd quarter. American Century Companies Inc. now owns 5,366,058 shares of the company's stock valued at $70,832,000 after purchasing an additional 156,351 shares during the period. Invesco Ltd. grew its position in shares of Super Group (SGHC) by 324.3% in the 4th quarter. Invesco Ltd. now owns 4,671,798 shares of the company's stock valued at $55,828,000 after purchasing an additional 3,570,825 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Super Group (SGHC) by 4.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,639,678 shares of the company's stock valued at $55,444,000 after purchasing an additional 202,144 shares during the period. Millennium Management LLC grew its position in shares of Super Group (SGHC) by 127.2% in the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock valued at $17,628,000 after purchasing an additional 1,532,666 shares during the period. Finally, Norges Bank acquired a new position in shares of Super Group (SGHC) in the 4th quarter valued at approximately $23,791,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently commented on SGHC. Zacks Research cut Super Group (SGHC) from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th. Benchmark upped their price target 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. Citigroup reaffirmed an "outperform" rating on shares of Super Group (SGHC) in a research note on Wednesday, May 20th. Citizens Jmp upped their price target on Super Group (SGHC) from $16.00 to $17.00 and gave the company a "market outperform" rating in a research note on Wednesday, May 20th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $16.00 price target on shares of Super Group (SGHC) in a research note on Thursday, April 16th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Super Group (SGHC) presently has an average rating of "Moderate Buy" and an average price target of $17.57.
Read Our Latest Report on SGHC
About Super Group (SGHC)
(
Get Free Report)
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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