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Needham & Company LLC reiterated their buy rating on shares of Super Group (NYSE:SGHC - Free Report) in a report published on Thursday morning, Benzinga reports. They currently have a $6.00 price objective on the stock.
Super Group Stock Performance
Shares of Super Group stock remained flat at $3.50 on Thursday. 453,229 shares of the stock were exchanged, compared to its average volume of 342,708. The business has a 50-day simple moving average of $3.31 and a 200 day simple moving average of $3.23. Super Group has a twelve month low of $2.63 and a twelve month high of $4.00.
Institutional Investors Weigh In On Super Group
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bleakley Financial Group LLC purchased a new position in Super Group in the first quarter valued at $47,000. Simplicity Wealth LLC purchased a new position in shares of Super Group in the 1st quarter valued at about $47,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Super Group during the fourth quarter worth about $50,000. Cowen AND Company LLC purchased a new stake in shares of Super Group during the fourth quarter worth approximately $32,000. Finally, Phraction Management LLC raised its holdings in Super Group by 183.0% in the fourth quarter. Phraction Management LLC now owns 128,355 shares of the company's stock valued at $407,000 after acquiring an additional 83,000 shares in the last quarter. 5.09% of the stock is owned by hedge funds and other institutional investors.
Super Group Company Profile
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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.
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