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

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on SGHC shares. Needham & Company LLC raised their price target on shares of Super Group from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Oppenheimer raised shares of Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a report on Thursday, November 7th. Finally, Benchmark upped their target price on shares of Super Group from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Super Group Price Performance

The business’s fifty day simple moving average is $4.08 and its 200 day simple moving average is $3.66. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 88.67 and a beta of 0.67.

Hedge Funds Weigh In On Super Group

A number of large investors have recently bought and sold shares of SGHC. Helikon Investments Ltd acquired a new stake in shares of Super Group during the 3rd quarter worth approximately $6,431,000. Anson Funds Management LP increased its position in 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 during the period. American Century Companies Inc. lifted its stake in Super Group by 6,842.6% in 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 last quarter. State Street Corp boosted its holdings in shares of Super Group by 8.5% during the third quarter. State Street Corp now owns 2,490,833 shares of the company’s stock valued at $9,042,000 after acquiring an additional 194,460 shares during the period. Finally, Barclays PLC grew its position in shares of Super Group by 141.1% during the third quarter. Barclays PLC now owns 269,435 shares of the company’s stock worth $978,000 after acquiring an additional 157,693 shares during the last quarter. Institutional investors own 5.09% of the company’s stock.

About Super Group

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.