Key Points
- COO Kirsty Ross sold 2,724 shares for about $29,256 at $10.74 per share to cover tax withholding on vested equity awards; she retained 51,316 shares.
- Super Group reported quarterly EPS of $0.28, beating the $0.19 consensus, while revenue of $611 million fell short of the $623.5 million estimate.
- Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $17.20; BTIG cut its target from $19 to $16 while keeping its Buy rating.
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Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) COO Kirsty Ross sold 2,724 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $10.74, for a total value of $29,255.76. Following the completion of the sale, the chief operating officer owned 51,316 shares of the company's stock, valued at approximately $551,133.84. This trade represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Kirsty Farrah Ross also recently made the following trade(s):
- On Friday, August 28th, Kirsty Ross sold 40,000 shares of Super Group (SGHC) stock. The stock was sold at an average price of $14.00, for a total value of $560,000.00.
Super Group (SGHC) Price Performance
Shares of SGHC stock opened at $11.45 on Thursday. Super Group has a fifty-two week low of $8.46 and a fifty-two week high of $15.86. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 14.08 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.83 and a current ratio of 1.83. The stock's 50-day simple moving average is $12.11 and its 200-day simple moving average is $12.15.
Super Group (SGHC) (NYSE:SGHC - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. The firm had revenue of $611.00 million for the quarter, compared to the consensus estimate of $623.50 million. Super Group (SGHC) had a net margin of 16.74% and a return on equity of 52.59%. As a group, equities analysts forecast that Super Group will post 0.80 earnings per share for the current fiscal year.
Super Group (SGHC) Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 22nd. Super Group (SGHC)'s payout ratio is currently 27.78%.
Analyst Ratings Changes
A number of research analysts have issued reports on SGHC shares. Benchmark upped their price target on shares of Super Group (SGHC) from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Citizens Jmp reiterated a "market outperform" rating and set a $19.00 price objective on shares of Super Group (SGHC) in a research note on Monday, August 31st. Wall Street Zen downgraded shares of Super Group (SGHC) from a "buy" rating to a "hold" rating in a research note on Saturday, October 10th. Weiss Ratings lowered shares of Super Group (SGHC) from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, September 24th. Finally, BTIG Research cut their target price on Super Group (SGHC) from $19.00 to $16.00 and set a "buy" rating on the stock in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.20.
Get Our Latest Stock Report on SGHC
Key Super Group (SGHC) News
Here are the key news stories impacting Super Group (SGHC) this week:
- Positive Sentiment: Third-quarter earnings were $0.28 per share, above the roughly $0.19 consensus estimate and up from $0.19 a year earlier. The company also reported revenue growth of about 10% year over year. Super Group Q3 financial results
- Positive Sentiment: Super Group announced a $150 million share buyback, which may support shareholder returns and signal management’s confidence in the business. Share buyback announcement
- Neutral Sentiment: BTIG lowered its price target from $19 to $16 but maintained a Buy rating, leaving the analyst positive while reflecting a more cautious valuation outlook. BTIG analyst rating
- Neutral Sentiment: COO Kirsty Ross sold 2,724 shares to cover tax withholding on vested equity awards; the stated reason makes this less clearly a bearish signal. SEC Form 4 filing
- Negative Sentiment: Revenue of $611 million came in below the approximately $623.5 million consensus estimate. Reports also said sports results prompted a guidance revision, tempering the earnings beat and adding uncertainty about near-term performance. Revenue and guidance report
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its position in Super Group (SGHC) by 4.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 124,015 shares of the company's stock valued at $1,409,000 after purchasing an additional 4,920 shares during the period. Point Nemo Capital LLC boosted its holdings in Super Group (SGHC) by 2.0% in the third quarter. Point Nemo Capital LLC now owns 117,367 shares of the company's stock valued at $1,332,000 after purchasing an additional 2,353 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Super Group (SGHC) by 840.3% in the third quarter. Sterling Capital Management LLC now owns 5,416 shares of the company's stock valued at $61,000 after purchasing an additional 4,840 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Super Group (SGHC) during the 2nd quarter worth about $674,000. Finally, Globeflex Capital L P acquired a new stake in Super Group (SGHC) during the 2nd quarter worth about $1,265,000. Hedge funds and other institutional investors own 5.09% of the company's stock.
About Super Group (SGHC)
(
Get Free Report)
Super Group (SGHC) Ltd. is a global online sports betting and gaming company. Its principal brands are Betway, an online sportsbook and casino operator, and Spin, an online casino brand. Through these businesses, Super Group offers sports wagering, casino games, live casino products and related digital gaming services.
The company serves customers across multiple international markets, including regions in Africa, Asia, Europe, North America and South America, subject to local regulatory requirements.
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