Oppenheimer Increases Super Group (NYSE:SGHC) Price Target to $9.00

Super Group (NYSE:SGHC) had its target price lifted by research analysts at Oppenheimer from $6.00 to $9.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 33.33% from the stock’s previous close.

Several other research analysts have also recently issued reports on SGHC. Needham & Company LLC increased their target price on shares of Super Group from $7.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday. Benchmark lifted their price objective on shares of Super Group from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Super Group Stock Performance

Shares of SGHC stock opened at $6.75 on Friday. Super Group has a twelve month low of $2.63 and a twelve month high of $7.12. The stock has a fifty day simple moving average of $5.26 and a two-hundred day simple moving average of $4.08. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 112.50 and a beta of 0.95.

Hedge Funds Weigh In On Super Group

Large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its position in shares of Super Group by 133.3% during the third quarter. GSA Capital Partners LLP now owns 237,778 shares of the company’s stock worth $863,000 after purchasing an additional 135,865 shares in the last quarter. Renaissance Technologies LLC grew its stake in Super Group by 82.1% during the 2nd quarter. Renaissance Technologies LLC now owns 295,600 shares of the company’s stock worth $955,000 after buying an additional 133,300 shares during the last quarter. Helikon Investments Ltd acquired a new position in Super Group during the 3rd quarter valued at about $6,431,000. Vanguard Group Inc. raised its stake in Super Group by 7.8% in the first quarter. Vanguard Group Inc. now owns 859,109 shares of the company’s stock valued at $2,964,000 after buying an additional 61,937 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Super Group by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock worth $176,000 after acquiring an additional 5,005 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors.

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.