The Stars Group (NASDAQ:TSG) Cut to “Sell” at BidaskClub

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

Separately, Zacks Investment Research raised shares of The Stars Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The Stars Group currently has a consensus rating of “Buy” and a consensus price target of $27.33.

Shares of The Stars Group (NASDAQ TSG) traded down $0.80 during mid-day trading on Thursday, hitting $24.90. 805,847 shares of the stock traded hands, compared to its average volume of 308,219. The Stars Group has a 52-week low of $14.01 and a 52-week high of $26.45. The firm has a market cap of $3,790.00, a price-to-earnings ratio of 24.17 and a beta of 2.31. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.22 and a current ratio of 1.22.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Bank acquired a new stake in The Stars Group during the 4th quarter worth $202,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of The Stars Group in the 3rd quarter worth $204,000. Virtu KCG Holdings LLC acquired a new stake in shares of The Stars Group in the 2nd quarter worth $181,000. Van ECK Associates Corp acquired a new stake in shares of The Stars Group in the 3rd quarter worth $208,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of The Stars Group by 12.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,322 shares of the company’s stock worth $184,000 after acquiring an additional 1,170 shares during the period. 63.15% of the stock is currently owned by hedge funds and other institutional investors.

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The Stars Group Company Profile

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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