Super Group (NYSE:SGHC) Trading 7.2% Higher

Super Group Limited (NYSE:SGHC – Get Rating)’s share price traded up 7.2% during trading on Friday . The stock traded as high as $3.39 and last traded at $3.29. 25,304 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 161,539 shares. The stock had previously closed at $3.07.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Canaccord Genuity Group lowered Super Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $8.00 to $5.00 in a research note on Tuesday, March 14th. Needham & Company LLC reiterated a “buy” rating and set a $5.00 target price on shares of Super Group in a research report on Wednesday, March 15th.

Super Group Trading Up 6.8 %

The business has a 50-day moving average price of $3.70 and a 200 day moving average price of $3.51.

Institutional Trading of Super Group

Institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC purchased a new stake in Super Group in the first quarter worth $60,000. LPL Financial LLC purchased a new stake in Super Group in the second quarter worth $47,000. Brinker Capital Investments LLC purchased a new stake in Super Group in the fourth quarter worth $38,000. Neuberger Berman Group LLC purchased a new stake in Super Group in the first quarter worth $137,000. Finally, Renaissance Technologies LLC purchased a new stake in Super Group in the fourth quarter worth $39,000. 2.92% of the stock is currently owned by institutional investors.

About Super Group

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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.