Super Group Limited (NYSE:SGHC – Get Rating) shares dropped 3.8% on Friday . The stock traded as low as $3.08 and last traded at $3.08. Approximately 2,324 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 213,282 shares. The stock had previously closed at $3.20.
Analyst Ratings Changes
Separately, Needham & Company LLC cut their price objective on shares of Super Group from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, November 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Super Group has an average rating of “Moderate Buy” and an average target price of $11.00.
Super Group Trading Down 7.2 %
The business’s 50 day simple moving average is $3.16 and its 200 day simple moving average is $3.86.
Hedge Funds Weigh In On Super Group
A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC boosted its holdings in shares of Super Group by 21.1% during the 3rd quarter. Jane Street Group LLC now owns 16,934 shares of the company’s stock valued at $69,000 after purchasing an additional 2,955 shares during the last quarter. Penserra Capital Management LLC bought a new position in Super Group during the first quarter valued at approximately $60,000. Exchange Traded Concepts LLC grew its holdings in Super Group by 1.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 793,591 shares of the company’s stock valued at $3,238,000 after buying an additional 10,004 shares in the last quarter. LPL Financial LLC bought a new stake in Super Group in the 2nd quarter worth approximately $47,000. Finally, Phraction Management LLC purchased a new stake in shares of Super Group during the 2nd quarter worth approximately $52,000. Institutional investors own 2.92% 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. The company is based in Saint Peter Port, Guernsey.
- Get a free copy of the StockNews.com research report on Super Group (SGHC)
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