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

Super Group Limited (NYSE:SGHC) shares reached a new 52-week high on Thursday . The company traded as high as $5.50 and last traded at $5.50, with a volume of 203 shares trading hands. The stock had previously closed at $5.28.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SGHC. 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. Needham & Company LLC increased their price target on Super Group from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Oppenheimer upgraded shares of Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 price objective on the stock in a research note on Thursday, November 7th.

Super Group Stock Up 0.9 %

The business has a 50-day simple moving average of $4.08 and a two-hundred day simple moving average of $3.66. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 88.67 and a beta of 0.67.

Institutional Trading of Super Group

Several institutional investors have recently modified their holdings of the company. Caprock Group LLC raised its position in Super Group by 2.8% in the third quarter. Caprock Group LLC now owns 71,933 shares of the company’s stock worth $261,000 after acquiring an additional 1,959 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Super Group by 22.7% in the 3rd quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock worth $78,000 after purchasing an additional 3,993 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Super Group by 13.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,112 shares of the company’s stock worth $135,000 after purchasing an additional 4,715 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Super Group by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock valued at $176,000 after purchasing an additional 5,005 shares during the last quarter. Finally, Algert Global LLC boosted its holdings in Super Group by 54.5% during the second quarter. Algert Global LLC now owns 19,036 shares of the company’s stock worth $61,000 after buying an additional 6,711 shares in the last quarter. 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.