Super Group (NYSE:SGHC) Coverage Initiated at BTIG Research

Equities research analysts at BTIG Research began coverage on shares of Super Group (NYSE:SGHC) in a report released on Friday, Marketbeat Ratings reports. The firm set a “buy” rating and a $9.00 price target on the stock. BTIG Research’s price target indicates a potential upside of 33.04% from the stock’s previous close.

SGHC has been the subject of a number of other research reports. Oppenheimer upped their target price on Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Needham & Company LLC upped their price objective on Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group lifted their target price on Super Group from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, Benchmark reiterated a “buy” rating and issued a $10.00 target price on shares of Super Group in a report on Monday, January 27th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $10.20.

Super Group Stock Performance

Shares of SGHC opened at $6.77 on Friday. The company has a 50 day moving average price of $7.47 and a 200-day moving average price of $5.94. Super Group has a fifty-two week low of $2.90 and a fifty-two week high of $8.51. The stock has a market capitalization of $3.37 billion, a PE ratio of 112.77 and a beta of 1.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC purchased a new stake in shares of Super Group during the fourth quarter worth about $30,000. Walleye Capital LLC acquired a new stake in Super Group in the 3rd quarter worth approximately $54,000. Intech Investment Management LLC purchased a new stake in Super Group during the 3rd quarter worth approximately $66,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Super Group during the 4th quarter valued at approximately $66,000. Finally, Xponance Inc. purchased a new position in shares of Super Group in the fourth quarter worth $67,000. 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.