Super Group (NYSE:SGHC) Reaches New 52-Week High - Time to Buy?

Super Group Limited (NYSE:SGHC - Get Free Report) shares reached a new 52-week high on Saturday . The stock traded as high as $9.22 and last traded at $9.21, with a volume of 2476542 shares traded. The stock had previously closed at $8.67.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Craig Hallum set a $12.00 price target on Super Group in a research report on Monday, May 19th. Benchmark restated a "buy" rating and issued a $12.00 target price on shares of Super Group in a report on Wednesday, April 16th. Needham & Company LLC upped their price objective on shares of Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Canaccord Genuity Group raised their price target on Super Group from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Finally, BTIG Research initiated coverage on Super Group in a report on Friday, March 28th. They set a "buy" rating and a $9.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Super Group has a consensus rating of "Buy" and a consensus price target of $11.50.

Super Group Trading Up 0.6%

The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 154.78 and a beta of 1.01. The company has a 50 day simple moving average of $8.10 and a 200-day simple moving average of $7.36.

Super Group (NYSE:SGHC - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $495.96 million during the quarter, compared to analysts' expectations of $423.91 million. Super Group had a net margin of 2.25% and a return on equity of 15.40%. Equities analysts forecast that Super Group Limited will post 0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SGHC. Quarry LP increased its position in Super Group by 364.3% in the 1st quarter. Quarry LP now owns 3,988 shares of the company's stock valued at $26,000 after acquiring an additional 3,129 shares during the period. GAMMA Investing LLC lifted its holdings in Super Group by 4,606.6% in the first quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock valued at $28,000 after buying an additional 4,192 shares during the period. Aquatic Capital Management LLC acquired a new stake in Super Group during the 4th quarter worth about $30,000. Pacer Advisors Inc. grew its holdings in Super Group by 56.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock worth $30,000 after acquiring an additional 1,662 shares during the period. Finally, Signaturefd LLC raised its position in shares of Super Group by 95.9% in the 1st quarter. Signaturefd LLC now owns 5,439 shares of the company's stock worth $35,000 after acquiring an additional 2,662 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors and hedge funds.

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.