Super Group (NYSE:SGHC) Shares Up 5.1% – Here’s What Happened

Shares of Super Group Limited (NYSE:SGHC) were up 5.1% on Monday . The stock traded as high as $5.63 and last traded at $5.59. Approximately 121,851 shares were traded during trading, a decline of 71% from the average daily volume of 424,711 shares. The stock had previously closed at $5.32.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Benchmark increased their target price on Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC raised their price objective on Super Group from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Oppenheimer raised Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 target price for the company in a research report on Thursday, November 7th.

Super Group Price Performance

The stock has a 50-day moving average price of $4.18 and a 200-day moving average price of $3.70. The firm has a market capitalization of $2.96 billion, a PE ratio of 98.92 and a beta of 0.67.

Hedge Funds Weigh In On Super Group

Several large investors have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in shares of Super Group during the first quarter worth $31,000. Walleye Capital LLC bought a new position in shares of Super Group during the third quarter valued at approximately $54,000. Algert Global LLC raised its position in shares of Super Group by 54.5% during the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock worth $61,000 after purchasing an additional 6,711 shares during the period. Intech Investment Management LLC bought a new stake in shares of Super Group in the 3rd quarter worth approximately $66,000. Finally, Burns Matteson Capital Management LLC acquired a new position in Super Group during the 3rd quarter valued at approximately $70,000. 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.