Oppenheimer Upgrades Super Group (NYSE:SGHC) to “Outperform”

Oppenheimer upgraded shares of Super Group (NYSE:SGHC) from a market perform rating to an outperform rating in a research report sent to investors on Thursday morning, Marketbeat reports. The brokerage currently has $6.00 price objective on the stock.

Several other research firms also recently weighed in on SGHC. Benchmark restated a “buy” rating and set a $5.00 price target on shares of Super Group in a research report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price objective on shares of Super Group in a report on Friday, August 9th.

Super Group Price Performance

SGHC 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 company has a 50-day moving average price of $3.89 and a 200 day moving average price of $3.59. The company has a market cap of $2.67 billion, a PE ratio of 89.35 and a beta of 0.67.

Hedge Funds Weigh In On Super Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caprock Group LLC boosted its position in Super Group by 2.8% in the 3rd quarter. Caprock Group LLC now owns 71,933 shares of the company’s stock valued at $261,000 after buying an additional 1,959 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Super Group by 13.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,112 shares of the company’s stock valued at $135,000 after purchasing an additional 4,715 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Super Group by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock valued at $176,000 after purchasing an additional 5,005 shares in the last quarter. Algert Global LLC raised its holdings in shares of Super Group by 54.5% in the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after purchasing an additional 6,711 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Super Group in the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

About Super Group

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.