Super Group (NYSE:SGHC) Stock Price Down 2.9%

Super Group Limited (NYSE:SGHC)’s share price was down 2.9% on Tuesday . The stock traded as low as $3.29 and last traded at $3.30. Approximately 60,223 shares were traded during trading, a decline of 82% from the average daily volume of 327,363 shares. The stock had previously closed at $3.40.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC lifted their price objective on shares of Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th.

Super Group Price Performance

The firm’s 50-day simple moving average is $3.28 and its 200 day simple moving average is $3.30.

Institutional Trading of Super Group

Several hedge funds have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC bought a new stake in shares of Super Group in the first quarter valued at approximately $60,000. Goldman Sachs Group Inc. bought a new stake in shares of Super Group in the first quarter valued at approximately $433,000. Toroso Investments LLC bought a new stake in shares of Super Group in the first quarter valued at approximately $175,000. Neuberger Berman Group LLC bought a new stake in shares of Super Group in the first quarter valued at approximately $137,000. Finally, LPL Financial LLC purchased a new position in Super Group during the second quarter valued at approximately $47,000. Institutional investors 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. The company is based in Saint Peter Port, Guernsey.