Key Points
- Super Group CTO Alon Ben-David sold 23,300 shares at an average price of $13.79, generating $321,307. After the sale, his direct ownership fell 74.89% to 7,814 shares.
- Super Group reported quarterly revenue of $684 million, exceeding estimates, but its $0.22 EPS missed consensus by $0.01. The company also declared a quarterly dividend of $0.05 per share, yielding approximately 1.4% annually.
- Analysts maintain a generally positive outlook, with seven Buy ratings and two Holds; the stock has a consensus “Moderate Buy” rating and an average price target of $18.71 versus its recent price near $13.85.
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Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) CTO Alon Ben - David sold 23,300 shares of the business's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $13.79, for a total transaction of $321,307.00. Following the sale, the chief technology officer directly owned 7,814 shares in the company, valued at approximately $107,755.06. This represents a 74.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
David Alon Ben also recently made the following trade(s):
- On Tuesday, June 30th, Alon Ben - David sold 8 shares of Super Group (SGHC) stock. The stock was sold at an average price of $13.74, for a total transaction of $109.92.
Super Group (SGHC) Trading Up 0.1%
NYSE:SGHC opened at $13.85 on Tuesday. The company has a market capitalization of $7.00 billion, a P/E ratio of 19.15 and a beta of 1.06. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. Super Group has a 12 month low of $8.46 and a 12 month high of $15.86. The firm has a fifty day simple moving average of $14.01 and a 200-day simple moving average of $12.85.
Super Group (SGHC) (NYSE:SGHC - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $684.00 million during the quarter, compared to analyst estimates of $659.90 million. Super Group (SGHC) had a net margin of 15.22% and a return on equity of 47.37%. On average, equities research analysts anticipate that Super Group will post 0.8 earnings per share for the current year.
Super Group (SGHC) Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 22nd. Super Group (SGHC)'s payout ratio is presently 27.78%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of SGHC. Independent Financial Group LLC purchased a new stake in Super Group (SGHC) in the 1st quarter worth approximately $114,000. PNC Financial Services Group Inc. grew its stake in shares of Super Group (SGHC) by 12.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,012 shares of the company's stock worth $141,000 after purchasing an additional 1,418 shares during the period. Baron Wealth Management LLC purchased a new position in shares of Super Group (SGHC) during the 2nd quarter valued at approximately $158,000. Baer Investment Advisory LLC purchased a new position in shares of Super Group (SGHC) during the 1st quarter valued at approximately $233,000. Finally, GM Advisory Group LLC acquired a new position in shares of Super Group (SGHC) in the 1st quarter valued at $271,000. 5.09% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on SGHC. Citizens Jmp restated a "market outperform" rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research note on Monday, August 31st. Benchmark upped their target price on Super Group (SGHC) from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. BTIG Research increased their price target on shares of Super Group (SGHC) from $16.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, July 17th. Weiss Ratings reissued a "hold (c+)" rating on shares of Super Group (SGHC) in a research report on Thursday, August 13th. Finally, Citigroup restated an "outperform" rating on shares of Super Group (SGHC) in a research note on Wednesday, July 8th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.71.
Get Our Latest Stock Report on Super Group (SGHC)
Super Group (SGHC) Company Profile
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Get Free Report)
Super Group (SGHC) Limited is a global online sports betting and gaming company that operates primarily through the Betway and Spin brands. Its offerings include online sports wagering, casino games, live dealer products and other digital gaming services delivered through websites and mobile platforms.
Betway is the company's principal sports betting and online gaming brand, while Spin focuses on online casino and related gaming entertainment. Super Group serves customers in multiple regulated markets across Africa, Europe, the Americas and other international jurisdictions, with the availability of products varying according to local laws and licensing requirements.
The company was formed through the combination of the Betway and Spin businesses and became a publicly traded company on the New York Stock Exchange in 2022.
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