BidaskClub Downgrades The Stars Group (NASDAQ:TSG) to Sell

The Stars Group (NASDAQ:TSG) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, January 11th.

Separately, Zacks Investment Research upgraded shares of The Stars Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $27.33.

Shares of The Stars Group (NASDAQ TSG) opened at $24.95 on Thursday. The Stars Group has a fifty-two week low of $13.24 and a fifty-two week high of $25.20. The company has a market cap of $3,580.00, a price-to-earnings ratio of 24.22 and a beta of 2.41. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.46.

The Stars Group (NASDAQ:TSG) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. The business had revenue of $329.44 million for the quarter, compared to analysts’ expectations of $317.24 million. The Stars Group had a net margin of 20.34% and a return on equity of 23.77%. The firm’s revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. equities analysts forecast that The Stars Group will post 2.27 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of TSG. Commerzbank Aktiengesellschaft FI bought a new position in The Stars Group in the 3rd quarter valued at approximately $44,272,000. Toronto Dominion Bank lifted its stake in The Stars Group by 2,953.1% in the 2nd quarter. Toronto Dominion Bank now owns 2,020,300 shares of the company’s stock valued at $36,109,000 after purchasing an additional 1,954,128 shares during the last quarter. Numeric Investors LLC lifted its stake in The Stars Group by 1,752.5% in the 2nd quarter. Numeric Investors LLC now owns 1,000,323 shares of the company’s stock valued at $17,854,000 after purchasing an additional 946,323 shares during the last quarter. Russell Investments Group Ltd. bought a new position in The Stars Group in the 3rd quarter valued at approximately $12,827,000. Finally, JPMorgan Chase & Co. bought a new position in The Stars Group in the 2nd quarter valued at approximately $10,096,000. 61.27% of the stock is owned by institutional investors and hedge funds.

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About The Stars Group

The Stars Group Inc provides technology-based products and services to the global gaming and interactive entertainment industries. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, StarsDraft, the PokerStars Championship, and PokerStars Festival live poker tour brands.

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