Needham & Company LLC Increases Super Group (NYSE:SGHC) Price Target to $7.00

Super Group (NYSE:SGHC) had its price objective raised by Needham & Company LLC from $6.00 to $7.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

SGHC has been the topic of a number of other research reports. Oppenheimer upgraded Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 target price on the stock in a report on Thursday. Benchmark restated a “buy” rating and issued a $5.00 target price on shares of Super Group in a report on Thursday, August 8th.

Super Group Price Performance

SGHC stock opened at $5.36 on Thursday. Super Group has a twelve month low of $2.63 and a twelve month high of $5.50. The stock’s 50 day moving average is $3.89 and its 200-day moving average is $3.59. The firm has a market capitalization of $2.67 billion, a PE ratio of 89.35 and a beta of 0.67.

Institutional Trading of Super Group

Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new position in Super Group in the 1st quarter worth about $31,000. Bleakley Financial Group LLC purchased a new stake in Super Group in the 1st quarter worth approximately $47,000. Algert Global LLC lifted 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 worth $61,000 after buying an additional 6,711 shares during the period. Intech Investment Management LLC bought a new position in shares of Super Group in the 3rd quarter worth approximately $66,000. Finally, Burns Matteson Capital Management LLC bought a new position in shares of Super Group in the 3rd quarter worth approximately $70,000. 5.09% of the stock is currently owned by institutional investors.

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.