Oppenheimer Forecasts Strong Price Appreciation for Super Group (NYSE:SGHC) Stock

Super Group (NYSE:SGHC) had its price objective lifted by Oppenheimer from $9.00 to $11.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 32.29% from the stock’s current price.

Other analysts have also issued research reports about the company. Benchmark reaffirmed a “buy” rating and issued a $10.00 price target on shares of Super Group in a research note on Monday. Canaccord Genuity Group upgraded shares of Super Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $5.00 to $10.00 in a research note on Friday, January 24th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $9.00 target price on shares of Super Group in a research report on Wednesday, January 22nd.

Super Group Stock Performance

NYSE SGHC opened at $8.32 on Wednesday. The stock has a market capitalization of $4.14 billion, a PE ratio of 138.61 and a beta of 0.95. The stock has a 50-day simple moving average of $6.53 and a 200 day simple moving average of $4.80. Super Group has a twelve month low of $2.90 and a twelve month high of $8.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers boosted its stake in shares of Super Group by 10.4% in the 4th quarter. Rhumbline Advisers now owns 194,146 shares of the company’s stock valued at $1,210,000 after purchasing an additional 18,248 shares in the last quarter. Helikon Investments Ltd boosted its position in Super Group by 82.5% in the fourth quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company’s stock valued at $20,148,000 after buying an additional 1,462,418 shares in the last quarter. DGS Capital Management LLC bought a new stake in shares of Super Group during the fourth quarter worth $73,000. SG Americas Securities LLC increased its holdings in shares of Super Group by 40.1% during the fourth quarter. SG Americas Securities LLC now owns 68,551 shares of the company’s stock worth $427,000 after buying an additional 19,631 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Super Group by 106.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company’s stock valued at $824,000 after acquiring an additional 116,740 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

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.