Super Group (NYSE:SGHC) Shares Gap Down – Time to Sell?

Super Group Limited (NYSE:SGHC) shares gapped down before the market opened on Monday . The stock had previously closed at $6.65, but opened at $6.42. Super Group shares last traded at $6.47, with a volume of 192,761 shares changing hands.

Wall Street Analyst Weigh In

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

Super Group Price Performance

The firm has a market cap of $3.35 billion, a PE ratio of 110.83 and a beta of 0.67. The stock’s fifty day moving average price is $4.63 and its 200-day moving average price is $3.87.

Institutional Investors Weigh In On Super Group

Several institutional investors have recently modified their holdings of the company. Barclays PLC grew its stake in shares of Super Group by 141.1% in the 3rd quarter. Barclays PLC now owns 269,435 shares of the company’s stock valued at $978,000 after purchasing an additional 157,693 shares during the last quarter. Geode Capital Management LLC grew its stake in Super Group by 0.8% in the 3rd 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. State Street Corp lifted its stake in shares of Super Group by 8.5% during the 3rd quarter. State Street Corp now owns 2,490,833 shares of the company’s stock worth $9,042,000 after purchasing an additional 194,460 shares during the period. HighTower Advisors LLC boosted its stake in Super Group by 22.7% in the 3rd quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock worth $78,000 after buying an additional 3,993 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Super Group in the 3rd quarter valued at $54,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

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.