Super Group (NYSE:SGHC) Sets New 1-Year High – Still a Buy?

Shares of Super Group Limited (NYSE:SGHC) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $6.98 and last traded at $6.92, with a volume of 54540 shares traded. The stock had previously closed at $6.94.

Analysts Set New Price Targets

SGHC has been the topic of several research analyst reports. 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 report on Thursday, November 7th. Needham & Company LLC increased their price objective on shares of Super Group from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Benchmark boosted their target price on Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Super Group Trading Down 1.9 %

The business has a 50 day moving average of $4.69 and a 200-day moving average of $3.89. The stock has a market cap of $3.39 billion, a PE ratio of 113.19 and a beta of 0.94.

Institutional Investors Weigh In On Super Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Caprock Group LLC grew its position in Super Group by 2.8% in the 3rd quarter. Caprock Group LLC now owns 71,933 shares of the company’s stock valued at $261,000 after buying an additional 1,959 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Super Group by 22.7% during the third quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock worth $78,000 after acquiring an additional 3,993 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in 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 in the last quarter. The Manufacturers Life Insurance Company lifted its position 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 period. Finally, Algert Global LLC boosted its holdings in Super Group by 54.5% in the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after purchasing an additional 6,711 shares in the last quarter. 5.09% of the stock is owned by hedge funds and other institutional investors.

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.