Super Group (NYSE:SGHC) Price Target Raised to $11.00

Super Group (NYSE:SGHC) had its target price increased by equities research analysts at Oppenheimer from $9.00 to $11.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 35.47% from the company’s previous close.

Several other brokerages have also commented on SGHC. Canaccord Genuity Group upgraded shares of Super Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $5.00 to $10.00 in a research note on Friday, January 24th. Benchmark restated a “buy” rating and issued a $10.00 price objective on shares of Super Group in a research note on Monday. Finally, Needham & Company LLC reissued a “buy” rating and set a $9.00 price target on shares of Super Group in a report on Wednesday, January 22nd.

Super Group Price Performance

Shares of SGHC traded up $0.04 during mid-day trading on Wednesday, reaching $8.12. The company’s stock had a trading volume of 315,649 shares, compared to its average volume of 625,314. The company’s 50 day moving average is $6.43 and its 200 day moving average is $4.76. The stock has a market cap of $4.04 billion, a PE ratio of 135.27 and a beta of 0.95. Super Group has a 12-month low of $2.90 and a 12-month high of $8.28.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SGHC. Walleye Capital LLC purchased a new position in shares of Super Group during the 3rd quarter worth $54,000. Algert Global LLC increased its stake in Super Group by 54.5% in the second 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 during the last quarter. Intech Investment Management LLC purchased a new position in Super Group during the third quarter worth about $66,000. Burns Matteson Capital Management LLC acquired a new stake in Super Group in the 3rd quarter worth about $70,000. Finally, DGS Capital Management LLC purchased a new stake in Super Group in the 4th quarter valued at about $73,000. Institutional investors and hedge funds 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. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.