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

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

Wall Street Analyst Weigh In

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

Super Group Price Performance

The stock has a fifty day moving average of $7.99 and a 200 day moving average of $7.30. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 153.44 and a beta of 1.01.

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

Hedge Funds Weigh In On Super Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its stake in shares of Super Group by 6.3% in the 1st quarter. Rhumbline Advisers now owns 206,407 shares of the company's stock valued at $1,329,000 after purchasing an additional 12,261 shares during the last quarter. Strs Ohio acquired a new position in shares of Super Group in the 1st quarter valued at $603,000. Acadian Asset Management LLC lifted its stake in shares of Super Group by 66.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company's stock valued at $7,379,000 after purchasing an additional 459,485 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Super Group in the 1st quarter valued at $1,523,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Super Group in the 1st quarter valued at $483,000. 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.

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