Super Group (NYSE:SGHC) Reaches New 1-Year High – Should You Buy?

Shares of Super Group Limited (NYSE:SGHC) hit a new 52-week high during trading on Thursday . The company traded as high as $5.50 and last traded at $5.50, with a volume of 203 shares trading hands. The stock had previously closed at $5.28.

Analyst Ratings Changes

Several equities analysts recently weighed in on SGHC shares. Oppenheimer upgraded shares of Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 target price on the stock in a report on Thursday, November 7th. Needham & Company LLC boosted their price objective on Super Group from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Benchmark increased their target price on Super Group from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Super Group Stock Performance

The stock’s fifty day moving average is $4.01 and its two-hundred day moving average is $3.64. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 88.01 and a beta of 0.67.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Intech Investment Management LLC bought a new stake in shares of Super Group in the third quarter worth $66,000. Caprock Group LLC grew its holdings in Super Group by 2.8% during the 3rd quarter. Caprock Group LLC now owns 71,933 shares of the company’s stock worth $261,000 after acquiring an additional 1,959 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Super Group by 133.3% in the 3rd quarter. GSA Capital Partners LLP now owns 237,778 shares of the company’s stock worth $863,000 after purchasing an additional 135,865 shares during the last quarter. Helikon Investments Ltd acquired a new stake in shares of Super Group in the 3rd quarter valued at about $6,431,000. Finally, Burns Matteson Capital Management LLC bought a new position in shares of Super Group during the third quarter worth about $70,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group Company Profile

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.