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

Super Group (NYSE:SGHC)‘s stock had its “buy” rating restated by 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 objective would suggest a potential upside of 71.43% from the stock’s current price.

Super Group Price Performance

Shares of Super Group stock remained flat at $3.50 during mid-day trading on Thursday. The company’s stock had a trading volume of 451,997 shares, compared to its average volume of 341,203. The company has a fifty day moving average price of $3.31 and a 200-day moving average price of $3.23. Super Group has a fifty-two week low of $2.63 and a fifty-two week high of $4.00.

Hedge Funds Weigh In On Super Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its holdings in shares of Super Group by 78.6% during the fourth quarter. SG Americas Securities LLC now owns 31,640 shares of the company’s stock worth $100,000 after buying an additional 13,928 shares during the last quarter. Phraction Management LLC boosted its holdings in Super Group by 183.0% in the 4th quarter. Phraction Management LLC now owns 128,355 shares of the company’s stock valued at $407,000 after purchasing an additional 83,000 shares in the last quarter. Barclays PLC boosted its holdings in Super Group by 81.1% in the 3rd quarter. Barclays PLC now owns 79,192 shares of the company’s stock valued at $292,000 after purchasing an additional 35,452 shares in the last quarter. Algert Global LLC purchased a new stake in Super Group in the 3rd quarter valued at approximately $52,000. Finally, PFW Advisors LLC acquired a new stake in shares of Super Group during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

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