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

Shares of Super Group Limited (NYSE:SGHC) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $6.48 and last traded at $6.45, with a volume of 110656 shares. The stock had previously closed at $6.16.

Analyst Upgrades and Downgrades

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

Super Group Stock Down 0.6 %

The stock’s fifty day simple moving average is $4.44 and its two-hundred day simple moving average is $3.80. The firm has a market cap of $3.35 billion, a PE ratio of 112.19 and a beta of 0.67.

Institutional Trading of Super Group

Several institutional investors have recently bought and sold shares of SGHC. Vanguard Group Inc. lifted its stake in shares of Super Group by 7.8% in the first quarter. Vanguard Group Inc. now owns 859,109 shares of the company’s stock worth $2,964,000 after buying an additional 61,937 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Super Group in the first quarter worth $31,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Super Group by 13.7% during 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 in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Super Group by 318.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 118,651 shares of the company’s stock valued at $409,000 after buying an additional 90,289 shares during the last quarter. Finally, ARS Investment Partners LLC bought a new stake in Super Group in the 2nd quarter worth about $178,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

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.