Insider Selling: Super Group (SGHC) (NYSE:SGHC) COO Sells $329,628.00 in Stock

Super Group (SGHC) Limited (NYSE:SGHC) COO Kirsty Farrah Ross sold 25,356 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $13.00, for a total transaction of $329,628.00. Following the completion of the sale, the chief operating officer directly owned 27,000 shares in the company, valued at $351,000. This trade represents a 48.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kirsty Farrah Ross also recently made the following trade(s):

• On Wednesday, April 8th, Kirsty Farrah Ross sold 47,391 shares of Super Group (SGHC) stock. The shares were sold at an average price of $10.71, for a total transaction of $507,557.61.

Super Group (SGHC) Trading Down 0.9%

Shares of Super Group (SGHC) stock opened at $12.92 on Friday. The firm has a market capitalization of $6.54 billion, a PE ratio of 26.75 and a beta of 1.08. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.61. The company’s fifty day moving average price is $12.19 and its two-hundred day moving average price is $11.21. Super Group has a 52-week low of $8.46 and a 52-week high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings results on Saturday, April 18th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $578.00 million for the quarter. Super Group (SGHC) had a net margin of 10.58% and a return on equity of 42.85%. On average, analysts expect that Super Group will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

SGHC has been the topic of several analyst reports. Citizens Jmp boosted their price target on shares of Super Group (SGHC) from $16.00 to $17.00 and gave the company a “market outperform” rating in a report on Wednesday, May 20th. Weiss Ratings upgraded shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Zacks Research downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Benchmark boosted their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Finally, Citigroup restated an “outperform” rating on shares of Super Group (SGHC) in a research note on Wednesday, May 20th. Seven equities 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.57.

Institutional Investors Weigh In On Super Group (SGHC)

Several institutional investors and hedge funds have recently made changes to their positions in SGHC. Invesco Ltd. boosted 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 purchasing an additional 3,570,825 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Super Group (SGHC) by 97.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock valued at $58,575,000 after purchasing an additional 2,193,989 shares in the last quarter. Norges Bank acquired a new position in Super Group (SGHC) during the 4th quarter worth about $23,791,000. Millennium Management LLC lifted its position 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 buying an additional 1,532,666 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Super Group (SGHC) by 74.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock worth $22,946,000 after buying an additional 818,455 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

About Super Group (SGHC)

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.