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

Super Group Limited (NYSE:SGHC - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The company traded as high as $9.62 and last traded at $9.60, with a volume of 1729173 shares. The stock had previously closed at $9.31.

Wall Street Analyst Weigh In

Several research firms have issued reports on SGHC. Craig Hallum set a $12.00 price target on Super Group in a report on Monday, May 19th. Needham & Company LLC boosted their price objective on Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Benchmark reissued a "buy" rating and issued a $12.00 target price on shares of Super Group in a report on Wednesday, April 16th. Canaccord Genuity Group lifted their price target on shares of Super Group from $12.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. Finally, BTIG Research upped their price target on shares of Super Group from $9.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $11.83.

Super Group Stock Down 1.4%

The business has a 50 day moving average price of $8.23 and a two-hundred day moving average price of $7.39. The stock has a market cap of $4.78 billion, a P/E ratio of 158.18 and a beta of 1.01.

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

Institutional Trading of Super Group

Several hedge funds have recently bought and sold shares of the stock. Millennium Management LLC increased its holdings in shares of Super Group by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company's stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the last quarter. Invesco Ltd. boosted its stake in Super Group by 500.9% during the fourth quarter. Invesco Ltd. now owns 1,493,783 shares of the company's stock valued at $9,306,000 after buying an additional 1,245,185 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Super Group by 360.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company's stock valued at $8,106,000 after buying an additional 1,018,664 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Super Group by 332.8% in the 4th quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company's stock worth $6,118,000 after acquiring an additional 755,044 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Super Group in the 1st quarter worth approximately $4,608,000. Hedge funds and other 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.