Super Group (NYSE:SGHC) Receives Buy Rating from Needham & Company LLC

Super Group (NYSE:SGHC)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $9.00 price objective on the stock. Needham & Company LLC’s target price points to a potential upside of 32.63% from the stock’s previous close.

A number of other research firms also recently commented on SGHC. Benchmark boosted their price target 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. Oppenheimer boosted their target price on Super Group from $6.00 to $9.00 and gave the stock an “outperform” rating in a report on Friday, December 13th.

Super Group Stock Performance

Shares of SGHC opened at $6.79 on Wednesday. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 113.12 and a beta of 0.95. The stock’s fifty day moving average is $6.30 and its 200-day moving average is $4.64. Super Group has a one year low of $2.90 and a one year high of $7.12.

Institutional Trading of Super Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SGHC. Helikon Investments Ltd grew its position in Super Group by 82.5% in the fourth quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company’s stock worth $20,148,000 after buying an additional 1,462,418 shares during the last quarter. DGS Capital Management LLC acquired a new position in shares of Super Group in the 4th quarter worth $73,000. SG Americas Securities LLC raised its position in shares of Super Group by 40.1% during the fourth quarter. SG Americas Securities LLC now owns 68,551 shares of the company’s stock worth $427,000 after purchasing an additional 19,631 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Super Group by 106.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company’s stock valued at $824,000 after purchasing an additional 116,740 shares during the period. Finally, Barclays PLC increased its stake in Super Group by 141.1% in the 3rd quarter. Barclays PLC now owns 269,435 shares of the company’s stock worth $978,000 after purchasing an additional 157,693 shares in the last quarter. 5.09% of the stock is 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.