Super Group (NYSE:SGHC) Stock Rating Reaffirmed by Needham & Company LLC

Posted by Doug Wharley on May 9th, 2024

Super Group (NYSE:SGHC – Get Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $6.00 price objective on the stock. Needham & Company LLC’s price target suggests a potential upside of 71.43% from the stock’s current price.

Super Group Stock Performance

Shares of SGHC stock remained flat at $3.50 on Thursday. The company had a trading volume of 451,997 shares, compared to its average volume of 341,203. Super Group has a 52-week low of $2.63 and a 52-week high of $4.00. The business has a 50 day moving average of $3.31 and a two-hundred day moving average of $3.23.

Institutional Investors Weigh In On Super Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC raised its position in shares of Super Group by 78.6% in the 4th quarter. SG Americas Securities LLC now owns 31,640 shares of the company’s stock worth $100,000 after acquiring an additional 13,928 shares in the last quarter. Phraction Management LLC grew its stake in Super Group by 183.0% during the 4th quarter. Phraction Management LLC now owns 128,355 shares of the company’s stock worth $407,000 after buying an additional 83,000 shares during the last quarter. Barclays PLC grew its stake in Super Group by 81.1% during the 3rd quarter. Barclays PLC now owns 79,192 shares of the company’s stock worth $292,000 after buying an additional 35,452 shares during the last quarter. Algert Global LLC purchased a new position in Super Group during the 3rd quarter worth $52,000. Finally, PFW Advisors LLC purchased a new position in Super Group during the 4th quarter worth $38,000. 5.09% of the stock is owned by institutional investors.

Super Group Company Profile

(Get Free Report)

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. The company is based in Saint Peter Port, Guernsey.