Super Group (NYSE:SGHC) Trading 5.1% Higher – What’s Next?

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

Analysts Set New Price Targets

A number of equities research analysts have commented on SGHC shares. Benchmark raised their target price on Super Group from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Oppenheimer raised shares of Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 target price for the company in a report on Thursday, November 7th. Finally, Needham & Company LLC boosted their price target on Super Group from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Super Group Price Performance

The business’s 50-day simple moving average is $4.18 and its 200-day simple moving average is $3.70. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 98.92 and a beta of 0.67.

Institutional Investors Weigh In On Super Group

A number of large investors have recently bought and sold shares of SGHC. Barclays PLC grew its holdings in shares of Super Group by 141.1% during the third quarter. Barclays PLC now owns 269,435 shares of the company’s stock worth $978,000 after buying an additional 157,693 shares in the last quarter. Geode Capital Management LLC grew its stake in Super Group by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,742,924 shares of the company’s stock worth $6,327,000 after acquiring an additional 14,507 shares during the period. State Street Corp raised its holdings in Super Group by 8.5% in the 3rd quarter. State Street Corp now owns 2,490,833 shares of the company’s stock valued at $9,042,000 after acquiring an additional 194,460 shares during the last quarter. HighTower Advisors LLC raised its holdings in Super Group by 22.7% in the 3rd quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock valued at $78,000 after acquiring an additional 3,993 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in shares of Super Group during the 3rd quarter worth $54,000. Institutional investors and hedge funds 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.