Shares of The Stars Group (NASDAQ:TSG) have been given an average rating of “Buy” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $31.00.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of The Stars Group from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, March 13th. Desjardins reaffirmed a “hold” rating on shares of The Stars Group in a research note on Thursday, March 15th. BidaskClub lowered shares of The Stars Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. Finally, ValuEngine raised shares of The Stars Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd.
Shares of The Stars Group stock opened at $28.00 on Friday. The stock has a market capitalization of $4,158.99, a P/E ratio of 12.44 and a beta of 1.80. The Stars Group has a twelve month low of $15.85 and a twelve month high of $29.80. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.31 and a current ratio of 1.31.
The Stars Group (NASDAQ:TSG) last issued its quarterly earnings results on Wednesday, March 14th. The company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.03). The company had revenue of $360.30 million during the quarter, compared to analysts’ expectations of $355.46 million. The Stars Group had a net margin of 19.74% and a return on equity of 21.78%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 earnings per share. sell-side analysts forecast that The Stars Group will post 2.44 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank raised its holdings in The Stars Group by 1.4% in the 4th quarter. Swiss National Bank now owns 212,100 shares of the company’s stock valued at $4,939,000 after acquiring an additional 3,000 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in The Stars Group by 10.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 51,900 shares of the company’s stock valued at $1,212,000 after acquiring an additional 4,900 shares during the last quarter. Invictus RG raised its holdings in The Stars Group by 39.1% in the 4th quarter. Invictus RG now owns 19,977 shares of the company’s stock valued at $465,000 after acquiring an additional 5,615 shares during the last quarter. Comerica Bank acquired a new stake in shares of The Stars Group during the 4th quarter worth approximately $202,000. Finally, CIBC World Markets Inc. increased its holdings in shares of The Stars Group by 52.7% during the 4th quarter. CIBC World Markets Inc. now owns 23,683 shares of the company’s stock worth $552,000 after buying an additional 8,178 shares during the last quarter. Institutional investors own 72.41% of the company’s stock.
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The Stars Group Company Profile
The Stars Group Inc provides technology-based products and services to gaming and interactive entertainment industries in Canada and internationally. It owns and operates gaming and related interactive entertainment businesses under the PokerStars, PokerStars Casino, BetStars, Full Tilt, the PokerStars Players No Limit Hold'em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival, and PokerStars MEGASTACK live poker tour and event brands, The company was formerly known as Amaya, Inc and changed its name to The Stars Group Inc in August 2017.
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