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

Super Group Limited (NYSE:SGHC)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $4.07 and last traded at $4.05, with a volume of 49900 shares traded. The stock had previously closed at $4.00.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SGHC. Benchmark reiterated a “buy” rating and set a $5.00 price target on shares of Super Group in a research note on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $6.00 target price on shares of Super Group in a research report on Friday, August 9th.

Super Group Trading Up 0.2 %

The firm has a market cap of $2.08 billion, a P/E ratio of 34.83 and a beta of 0.71. The business’s fifty day simple moving average is $3.55 and its 200-day simple moving average is $3.46.

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

Institutional Investors Weigh In On Super Group

A number of institutional investors and hedge funds have recently modified their holdings of SGHC. Anson Funds Management LP raised its position in shares of Super Group by 482.7% in the first quarter. Anson Funds Management LP now owns 1,311,032 shares of the company’s stock worth $4,523,000 after buying an additional 1,086,032 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Super Group by 6,842.6% in the 2nd quarter. American Century Companies Inc. now owns 973,290 shares of the company’s stock valued at $3,144,000 after acquiring an additional 959,271 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Super Group by 82.1% during the 2nd quarter. Renaissance Technologies LLC now owns 295,600 shares of the company’s stock valued at $955,000 after acquiring an additional 133,300 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings 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 worth $409,000 after purchasing an additional 90,289 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Super Group by 26.1% in the second quarter. Bank of New York Mellon Corp now owns 420,320 shares of the company’s stock worth $1,358,000 after purchasing an additional 87,118 shares during the last quarter. 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.