Super Group (NYSE:SGHC) Reaches New 12-Month High – What’s Next?

Super Group Limited (NYSE:SGHC) shares reached a new 52-week high during 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.

Wall Street Analyst Weigh In

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

Super Group Price Performance

The company has a 50-day moving average of $4.01 and a two-hundred day moving average of $3.64. The stock has a market capitalization of $2.61 billion, a PE ratio of 88.01 and a beta of 0.67.

Hedge Funds Weigh In On Super Group

Large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new stake in shares of Super Group during the 1st quarter worth $31,000. Bleakley Financial Group LLC purchased a new stake in Super Group during the first quarter valued at about $47,000. Algert Global LLC increased its stake 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 acquiring an additional 6,711 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Super Group in the 3rd quarter worth about $66,000. Finally, Burns Matteson Capital Management LLC acquired a new position in shares of Super Group in the 3rd quarter valued at about $70,000. Hedge funds and other 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.