Needham & Company LLC Reiterates Buy Rating for Super Group (NYSE:SGHC)

Needham & Company LLC restated their buy rating on shares of Super Group (NYSE:SGHC – Get Rating) in a research report report published on Wednesday, Benzinga reports. Needham & Company LLC currently has a $5.00 price objective on the stock.

Separately, Canaccord Genuity Group lowered shares of Super Group from a buy rating to a hold rating and reduced their target price for the stock from $8.00 to $5.00 in a research note on Tuesday, March 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $8.75.

Super Group Stock Down 0.3 %

NYSE SGHC opened at $3.64 on Wednesday. Super Group has a 1-year low of $2.57 and a 1-year high of $11.09. The stock’s 50 day moving average is $3.60 and its two-hundred day moving average is $3.63.

Institutional Trading of Super Group

Several hedge funds and other institutional investors have recently modified their holdings of SGHC. Neuberger Berman Group LLC purchased a new stake in shares of Super Group in the 1st quarter worth about $137,000. Jane Street Group LLC boosted its holdings in shares of Super Group by 58.2% in the fourth quarter. Jane Street Group LLC now owns 26,785 shares of the company’s stock worth $80,000 after buying an additional 9,851 shares during the last quarter. Penserra Capital Management LLC purchased a new position in Super Group during the first quarter valued at approximately $60,000. Mariner LLC lifted its holdings in Super Group by 54.8% during the fourth quarter. Mariner LLC now owns 19,604 shares of the company’s stock valued at $59,000 after purchasing an additional 6,939 shares in the last quarter. Finally, LPL Financial LLC purchased a new position in Super Group during the second quarter valued at approximately $47,000. Institutional investors own 2.92% of the company’s stock.

Super Group Company Profile

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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.