Super Group (NYSE:SGHC) Stock Price Up 5.1% – Still a Buy?

Super Group Limited (NYSE:SGHC)’s stock price 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 mid-day trading, a decline of 71% from the average daily volume of 424,711 shares. The stock had previously closed at $5.32.

Wall Street Analyst Weigh In

SGHC has been the subject of a number of analyst reports. Oppenheimer upgraded Super Group from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a research note on Thursday, November 7th. Benchmark lifted their price objective on shares of Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC raised their target price on shares of Super Group from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Super Group Trading Up 9.0 %

The stock has a market capitalization of $2.89 billion, a PE ratio of 95.68 and a beta of 0.67. The company’s 50-day moving average is $4.08 and its 200 day moving average is $3.67.

Hedge Funds Weigh In On Super Group

Several hedge funds have recently made changes to their positions in the company. State Street Corp grew its stake in Super Group by 8.5% during the 3rd quarter. State Street Corp now owns 2,490,833 shares of the company’s stock valued at $9,042,000 after purchasing an additional 194,460 shares during the last quarter. Helikon Investments Ltd acquired a new stake in Super Group during the 3rd quarter valued at approximately $6,431,000. Geode Capital Management LLC increased its stake in shares of Super Group by 0.8% in the third 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. Anson Funds Management LP raised its holdings in shares of Super Group by 482.7% during the first quarter. Anson Funds Management LP now owns 1,311,032 shares of the company’s stock worth $4,523,000 after purchasing an additional 1,086,032 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Super Group by 6,842.6% during the second quarter. American Century Companies Inc. now owns 973,290 shares of the company’s stock valued at $3,144,000 after purchasing an additional 959,271 shares during the period. 5.09% of the stock is owned by institutional investors and hedge funds.

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.