Super Group (NYSE:SGHC) Sees Unusually-High Trading Volume

Shares of Super Group Limited (NYSE:SGHC) saw strong trading volume on Friday . 758,731 shares were traded during mid-day trading, an increase of 84% from the previous session’s volume of 412,951 shares.The stock last traded at $3.49 and had previously closed at $3.47.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price objective on shares of Super Group in a report on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $5.00 price objective on shares of Super Group in a report on Thursday, August 8th.

Super Group Stock Up 1.2 %

The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 28.92 and a beta of 0.70. The company’s fifty day simple moving average is $3.47 and its 200 day simple moving average is $3.41.

Super Group (NYSE:SGHC) last announced its earnings results on Wednesday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business had revenue of $446.44 million during the quarter, compared to the consensus estimate of $436.89 million. Super Group had a net margin of 2.42% and a return on equity of 12.17%. As a group, analysts anticipate that Super Group Limited will post 0.25 earnings per share for the current year.

Institutional Investors Weigh In On Super Group

Several institutional investors and hedge funds have recently bought and sold shares of SGHC. Dynamic Technology Lab Private Ltd bought a new stake in Super Group during the fourth quarter worth about $50,000. Bleakley Financial Group LLC bought a new stake in Super Group during the first quarter worth about $47,000. Vanguard Group Inc. lifted its position in Super Group by 7.8% during the first quarter. Vanguard Group Inc. now owns 859,109 shares of the company’s stock worth $2,964,000 after purchasing an additional 61,937 shares during the period. Acadian Asset Management LLC acquired a new position in Super Group during the first quarter worth about $31,000. Finally, Anson Funds Management LP raised its stake in Super Group by 482.7% during the first quarter. Anson Funds Management LP now owns 1,311,032 shares of the company’s stock worth $4,523,000 after acquiring an additional 1,086,032 shares in the last quarter. Institutional investors 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.