Super Group (NYSE:SGHC) Given Buy Rating at Needham & Company LLC

Super Group (NYSE:SGHC)‘s stock had its “buy” rating restated by analysts at Needham & Company LLC in a research report issued on Wednesday,Benzinga reports. They currently have a $9.00 target price on the stock. Needham & Company LLC’s target price suggests a potential upside of 32.94% from the stock’s current price.

Several other research firms have also recently weighed in on SGHC. Oppenheimer raised their price target on shares of Super Group from $6.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Benchmark boosted their target price on 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 Stock Up 8.7 %

SGHC traded up $0.54 during trading on Wednesday, reaching $6.77. The stock had a trading volume of 367,681 shares, compared to its average volume of 419,045. The stock has a 50 day moving average of $6.24 and a two-hundred day moving average of $4.61. Super Group has a 1-year low of $2.90 and a 1-year high of $7.12. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 112.85 and a beta of 0.95.

Institutional Investors Weigh In On Super Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in Super Group by 14.9% during the second quarter. Rhumbline Advisers now owns 173,904 shares of the company’s stock valued at $562,000 after purchasing an additional 22,571 shares during the last quarter. American Century Companies Inc. boosted its position in Super Group by 6,842.6% during the 2nd quarter. American Century Companies Inc. now owns 973,290 shares of the company’s stock valued at $3,144,000 after acquiring an additional 959,271 shares in the last quarter. Renaissance Technologies LLC increased its position in Super Group by 82.1% during the 2nd quarter. Renaissance Technologies LLC now owns 295,600 shares of the company’s stock valued at $955,000 after buying an additional 133,300 shares in the last quarter. XTX Topco Ltd lifted its position in Super Group by 47.3% during the second quarter. XTX Topco Ltd now owns 44,948 shares of the company’s stock valued at $145,000 after purchasing an additional 14,440 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of Super Group by 49.1% during the 2nd quarter. ProShare Advisors LLC now owns 36,556 shares of the company’s stock worth $118,000 after acquiring an additional 12,037 shares during the last quarter. 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.