Super Group (SGHC) (NYSE:SGHC) Stock: Insider Kirsty Farrah Ross Sells 2,724 Shares

Super Group (SGHC) Limited (NYSE:SGHC) COO Kirsty Ross sold 2,724 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $10.74, for a total transaction of $29,255.76. Following the completion of the sale, the chief operating officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 shares were sold at an average price of $14.00, for a total transaction of $560,000.00.

Super Group (SGHC) Stock Performance

NYSE SGHC opened at $11.52 on Friday. The company has a fifty day moving average of $12.06 and a two-hundred day moving average of $12.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.34 and a quick ratio of 1.83. Super Group has a 1 year low of $8.46 and a 1 year high of $15.86. The company has a market capitalization of $5.83 billion, a PE ratio of 14.17 and a beta of 1.09.

Super Group (SGHC) (NYSE:SGHC) last posted its earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. The business had revenue of $611.00 million during the quarter, compared to the consensus estimate of $623.50 million. Super Group (SGHC) had a return on equity of 49.92% and a net margin of 16.74%. As a group, analysts expect that Super Group will post 0.80 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.20 annualized dividend and a yield of 1.7%. Super Group (SGHC)’s payout ratio is 24.69%.

Key Headlines Impacting Super Group (SGHC)

Here are the key news stories impacting Super Group (SGHC) this week:

• Positive Sentiment: Super Group reported third-quarter EPS of $0.28, above analysts’ $0.19 estimate, while revenue grew about 10% year over year. The company also announced a $150 million share buyback, which could support shareholder returns. Q3 results Share buyback
• Neutral Sentiment: BTIG cut its price target from $19 to $16 but maintained a Buy rating, indicating continued optimism alongside a lower valuation outlook. BTIG rating
• Neutral Sentiment: COO Kirsty Ross sold 2,724 shares to cover tax withholding related to vested equity awards; she retained 51,316 shares, making the transaction less indicative of a change in her view of the company. SEC filing
• Negative Sentiment: Quarterly revenue of $611 million fell short of the $623.5 million consensus estimate. Reports also linked sports results to a guidance revision, raising concern that near-term performance may be less favorable despite the EPS beat. Revenue and guidance report

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. BTIG Research lowered their target price on shares of Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings cut shares of Super Group (SGHC) from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 24th. 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 report on Wednesday, August 5th. Needham & Company LLC 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 Thursday, August 6th. Finally, Wall Street Zen downgraded shares of Super Group (SGHC) from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Super Group (SGHC) has an average rating of “Moderate Buy” and a consensus price target of $17.20.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SGHC. Jacobi Capital Management LLC purchased a new position in Super Group (SGHC) during the third quarter worth about $41,000. Allspring Global Investments Holdings LLC increased its position in shares of Super Group (SGHC) by 4.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 124,015 shares of the company’s stock valued at $1,409,000 after buying an additional 4,920 shares in the last quarter. Point Nemo Capital LLC raised its position in Super Group (SGHC) by 2.0% during the third quarter. Point Nemo Capital LLC now owns 117,367 shares of the company’s stock worth $1,332,000 after acquiring an additional 2,353 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Super Group (SGHC) by 840.3% in the 3rd quarter. Sterling Capital Management LLC now owns 5,416 shares of the company’s stock valued at $61,000 after buying an additional 4,840 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Super Group (SGHC) during the second quarter valued at $674,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

About Super Group (SGHC)

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.