Super Group (SGHC) (NYSE:SGHC) Trading 5.8% Higher – What’s Next?

Super Group (SGHC) Limited (NYSE:SGHC) rose 5.8% on Monday . The company traded as high as $13.98 and last traded at $14.0790. Approximately 1,777,558 shares were traded during mid-day trading, a decline of 41% from the average session volume of 3,014,835 shares. The stock had previously closed at $13.31.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citizens Jmp raised their price target on shares of Super Group (SGHC) from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Super Group (SGHC) in a report on Thursday, August 13th. Wall Street Zen raised Super Group (SGHC) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research cut Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Needham & Company LLC increased their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.71.

Super Group (SGHC) Price Performance

The stock has a fifty day moving average of $13.97 and a two-hundred day moving average of $12.33. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 19.46 and a beta of 1.06.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $684.00 million during the quarter, compared to analyst estimates of $659.90 million. Super Group (SGHC) had a return on equity of 47.37% and a net margin of 15.22%. As a group, equities research analysts forecast that Super Group will post 0.8 earnings per share for the current year.

Super Group (SGHC) Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, June 23rd. Super Group (SGHC)’s payout ratio is currently 27.78%.

Insider Buying and Selling

In other Super Group (SGHC) news, CFO Wyk Alinda Van sold 22,644 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $13.97, for a total transaction of $316,336.68. Following the sale, the chief financial officer owned 27,566 shares of the company’s stock, valued at $385,097.02. This represents a 45.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Neal Menashe sold 48,440 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $13.97, for a total transaction of $676,706.80. Following the completion of the transaction, the chief executive officer directly owned 730,733 shares of the company’s stock, valued at approximately $10,208,340.01. This represents a 6.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 150,999 shares of company stock worth $2,084,859 in the last 90 days. Corporate insiders own 10.41% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Invesco Ltd. increased its stake 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 buying an additional 3,570,825 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Super Group (SGHC) by 4.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,639,678 shares of the company’s stock valued at $55,444,000 after acquiring an additional 202,144 shares during the last quarter. Millennium Management LLC grew its holdings in Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after acquiring an additional 1,532,666 shares during the period. Norges Bank acquired a new stake in Super Group (SGHC) during the 4th quarter worth $23,791,000. Finally, Vanguard Group Inc. raised its position in shares of Super Group (SGHC) by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,988,987 shares of the company’s stock valued at $26,255,000 after acquiring an additional 152,362 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

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.