Super Group (NYSE:SGHC) Hits New 12-Month High – Still a Buy?

Super Group Limited (NYSE:SGHC) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $5.97 and last traded at $5.91, with a volume of 52791 shares. The stock had previously closed at $5.94.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Needham & Company LLC boosted their target price on shares of Super Group from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Benchmark lifted their price objective on Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Oppenheimer raised Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 target price for the company in a report on Thursday, November 7th.

Super Group Trading Up 0.2 %

The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 99.00 and a beta of 0.67. The stock’s fifty day moving average price is $4.28 and its 200-day moving average price is $3.73.

Institutional Trading of Super Group

Institutional investors have recently added to or reduced their stakes in the stock. Helikon Investments Ltd acquired a new stake in shares of Super Group during the third quarter worth about $6,431,000. American Century Companies Inc. increased its position in shares of Super Group by 6,842.6% during the second quarter. American Century Companies Inc. now owns 973,290 shares of the company’s stock worth $3,144,000 after acquiring an additional 959,271 shares during the period. State Street Corp raised its stake in shares of Super Group by 8.5% in the third quarter. State Street Corp now owns 2,490,833 shares of the company’s stock valued at $9,042,000 after acquiring an additional 194,460 shares in the last quarter. Barclays PLC grew its stake in Super Group by 141.1% during the 3rd quarter. Barclays PLC now owns 269,435 shares of the company’s stock worth $978,000 after purchasing an additional 157,693 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in Super Group by 133.3% during 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 period. 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.