Super Group (NYSE:SGHC) Receives Buy Rating from Benchmark

Super Group (NYSE:SGHC)‘s stock had its “buy” rating reaffirmed by investment analysts at Benchmark in a research note issued on Monday,Benzinga reports. They currently have a $10.00 target price on the stock. Benchmark’s price objective would suggest a potential upside of 25.94% from the company’s previous close.

A number of other research firms have also issued reports on SGHC. Needham & Company LLC reiterated a “buy” rating and set a $9.00 target price on shares of Super Group in a report on Wednesday, January 22nd. Canaccord Genuity Group raised Super Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $5.00 to $10.00 in a research report on Friday. Finally, Oppenheimer lifted their target price on Super Group from $6.00 to $9.00 and gave the company an “outperform” rating in a report on Friday, December 13th.

Super Group Stock Up 0.5 %

SGHC stock traded up $0.04 during mid-day trading on Monday, hitting $7.94. 405,101 shares of the company were exchanged, compared to its average volume of 555,646. Super Group has a 12-month low of $2.90 and a 12-month high of $7.97. The firm has a market capitalization of $3.95 billion, a P/E ratio of 131.52 and a beta of 0.95. The business has a fifty day simple moving average of $6.35 and a 200-day simple moving average of $4.69.

Institutional Investors Weigh In On Super Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Helikon Investments Ltd raised its holdings in shares of Super Group by 82.5% in the fourth quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company’s stock worth $20,148,000 after acquiring an additional 1,462,418 shares during the last quarter. DGS Capital Management LLC acquired a new position in Super Group in the 4th quarter valued at about $73,000. SG Americas Securities LLC raised its stake in Super Group by 40.1% in the 4th quarter. SG Americas Securities LLC now owns 68,551 shares of the company’s stock valued at $427,000 after purchasing an additional 19,631 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Super Group by 106.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company’s stock valued at $824,000 after purchasing an additional 116,740 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Super Group by 141.1% during the 3rd quarter. Barclays PLC now owns 269,435 shares of the company’s stock worth $978,000 after purchasing an additional 157,693 shares during the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

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.