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

Super Group Limited (NYSE:SGHC) reached a new 52-week high on Wednesday . The company traded as high as $3.99 and last traded at $3.98, with a volume of 189876 shares. The stock had previously closed at $3.88.

Wall Street Analysts Forecast Growth

SGHC has been the topic of a number of recent analyst reports. 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 restated a “buy” rating and set a $5.00 price objective on shares of Super Group in a research note on Thursday, August 8th.

Super Group Price Performance

The stock has a market capitalization of $1.98 billion, a P/E ratio of 32.33 and a beta of 0.71. The company has a fifty day moving average of $3.47 and a two-hundred day moving average of $3.43.

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

Hedge Funds Weigh In On Super Group

Large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in shares of Super Group by 13.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,112 shares of the company’s stock valued at $135,000 after purchasing an additional 4,715 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Super Group by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock worth $176,000 after purchasing an additional 5,005 shares during the period. Algert Global LLC grew its position in Super Group by 54.5% in the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after buying an additional 6,711 shares in the last quarter. Acadian Asset Management LLC bought a new position in Super Group in the 1st quarter valued at about $31,000. Finally, ProShare Advisors LLC raised its position in shares of Super Group by 49.1% during the 2nd quarter. ProShare Advisors LLC now owns 36,556 shares of the company’s stock worth $118,000 after buying an additional 12,037 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.