Super Group (NYSE:SGHC) PT Lowered to $5.00 at Needham & Company LLC

Super Group (NYSE:SGHCGet Rating) had its price objective decreased by Needham & Company LLC from $7.00 to $5.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 38.12% from the company’s previous close.

Separately, Oppenheimer cut shares of Super Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 16th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Super Group Stock Down 2.2 %

SGHC opened at $3.62 on Wednesday. The firm’s fifty day moving average price is $3.90 and its 200 day moving average price is $4.75. Super Group has a 12-month low of $3.32 and a 12-month high of $11.09.

Institutional Trading of Super Group

Several institutional investors have recently added to or reduced their stakes in SGHC. Johnson Financial Group LLC bought a new stake in Super Group during the first quarter valued at $719,000. Ronit Capital LLP bought a new position in shares of Super Group during the first quarter worth about $753,000. Penserra Capital Management LLC bought a new position in shares of Super Group during the first quarter worth about $60,000. Goldman Sachs Group Inc. bought a new position in shares of Super Group during the first quarter worth about $433,000. Finally, Toroso Investments LLC bought a new position in shares of Super Group during the first quarter worth about $175,000. Institutional investors own 2.73% of the company’s stock.

Super Group Company Profile

(Get Rating)

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.

Featured Stories

Analyst Recommendations for Super Group (NYSE:SGHC)

Receive News & Ratings for Super Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Group and related companies with MarketBeat.com's FREE daily email newsletter.