Super Group (NYSE:SGHC) Given New $10.00 Price Target at Needham & Company LLC

Super Group (NYSE:SGHC) had its price target increased by equities research analysts at Needham & Company LLC from $9.00 to $10.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 31.67% from the stock’s current price.

Several other research firms have also weighed in on SGHC. Canaccord Genuity Group upgraded Super Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $5.00 to $10.00 in a research report on Friday, January 24th. Benchmark restated a “buy” rating and set a $10.00 target price on shares of Super Group in a report on Monday, January 27th. Finally, Oppenheimer increased their price target on shares of Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th.

Super Group Stock Performance

Super Group stock opened at $7.60 on Wednesday. Super Group has a fifty-two week low of $2.90 and a fifty-two week high of $8.51. The stock’s 50 day simple moving average is $7.12 and its two-hundred day simple moving average is $5.44. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 126.60 and a beta of 0.99.

Institutional Investors Weigh In On Super Group

Several hedge funds have recently added to or reduced their stakes in SGHC. Helikon Investments Ltd bought a new position in shares of Super Group during the third quarter valued at $6,431,000. GSA Capital Partners LLP increased its stake in Super Group by 133.3% during the 3rd quarter. GSA Capital Partners LLP now owns 237,778 shares of the company’s stock valued at $863,000 after purchasing an additional 135,865 shares in the last quarter. Caprock Group LLC increased its stake in Super Group by 2.8% during the 3rd quarter. Caprock Group LLC now owns 71,933 shares of the company’s stock valued at $261,000 after purchasing an additional 1,959 shares in the last quarter. Intech Investment Management LLC purchased a new position in Super Group in the third quarter worth about $66,000. Finally, Walleye Capital LLC bought a new position in shares of Super Group in the third quarter worth approximately $54,000. 5.09% of the stock is 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.