Super Group (NYSE:SGHC) Hits New 1-Year High – What’s Next?

Super Group Limited (NYSE:SGHC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $4.71 and last traded at $4.71, with a volume of 7366 shares changing hands. The stock had previously closed at $4.19.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SGHC shares. Benchmark restated a “buy” rating and set a $5.00 price objective on shares of Super Group in a report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $6.00 target price on shares of Super Group in a report on Friday, August 9th.

Super Group Trading Up 20.0 %

The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 78.17 and a beta of 0.67. The stock’s fifty day moving average price is $3.79 and its 200-day moving average price is $3.55.

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

Hedge Funds Weigh In On Super Group

A number of large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Super Group by 13.7% during the first 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 during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Super Group by 10.1% in 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. Algert Global LLC grew its position in shares of 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. Acadian Asset Management LLC bought a new stake in shares of Super Group in the 1st quarter worth about $31,000. Finally, ProShare Advisors LLC raised its stake in shares of Super Group by 49.1% in the 2nd quarter. ProShare Advisors LLC now owns 36,556 shares of the company’s stock valued at $118,000 after purchasing an additional 12,037 shares in the last quarter. 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.