BTIG Research Initiates Coverage on Super Group (NYSE:SGHC)

Equities researchers at BTIG Research began coverage on shares of Super Group (NYSE:SGHC) in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm set a “buy” rating and a $9.00 price target on the stock. BTIG Research’s price objective indicates a potential upside of 35.83% from the company’s previous close.

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

Super Group Stock Down 1.7 %

NYSE:SGHC opened at $6.63 on Friday. Super Group has a 12 month low of $2.90 and a 12 month high of $8.51. The company’s 50 day moving average is $7.49 and its 200-day moving average is $5.98. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 110.45 and a beta of 1.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Helikon Investments Ltd boosted its position in Super Group by 82.5% during the 4th quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company’s stock worth $20,148,000 after buying an additional 1,462,418 shares during the period. Invesco Ltd. increased its holdings in Super Group by 500.9% in the fourth quarter. Invesco Ltd. now owns 1,493,783 shares of the company’s stock valued at $9,306,000 after purchasing an additional 1,245,185 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Super Group by 360.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company’s stock worth $8,106,000 after purchasing an additional 1,018,664 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Super Group by 332.8% during the 4th quarter. JPMorgan Chase & Co. now owns 981,950 shares of the company’s stock worth $6,118,000 after buying an additional 755,044 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Super Group by 19.4% in the fourth quarter. American Century Companies Inc. now owns 4,353,121 shares of the company’s stock valued at $27,120,000 after buying an additional 707,723 shares during the period. Institutional investors own 5.09% 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. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.