Super Group (NYSE:SGHC) Hits New 52-Week High – What’s Next?

Super Group Limited (NYSE:SGHC)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $3.99 and last traded at $3.98, with a volume of 189876 shares changing hands. The stock had previously closed at $3.88.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $6.00 target price on shares of Super Group in a report on Friday, August 9th. Benchmark reiterated a “buy” rating and issued a $5.00 price objective on shares of Super Group in a research note on Thursday, August 8th.

Super Group Stock Up 2.3 %

The company’s fifty day moving average price is $3.47 and its two-hundred day moving average price is $3.43. The firm has a market cap of $1.98 billion, a PE ratio of 32.33 and a beta of 0.71.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SGHC. Anson Funds Management LP boosted its stake in shares of Super Group by 482.7% during the 1st quarter. Anson Funds Management LP now owns 1,311,032 shares of the company’s stock worth $4,523,000 after purchasing an additional 1,086,032 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Super Group by 6,842.6% during the second quarter. American Century Companies Inc. now owns 973,290 shares of the company’s stock valued at $3,144,000 after buying an additional 959,271 shares during the period. Renaissance Technologies LLC boosted its position in Super Group by 82.1% during the second quarter. Renaissance Technologies LLC now owns 295,600 shares of the company’s stock worth $955,000 after acquiring an additional 133,300 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Super Group by 318.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 118,651 shares of the company’s stock valued at $409,000 after purchasing an additional 90,289 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted 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 acquiring an additional 87,118 shares during the last quarter. 5.09% of the stock is currently owned by institutional investors and hedge funds.

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.