Stars Group (TSG) Lowered to Strong Sell at BidaskClub

Stars Group (NASDAQ:TSG) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

A number of other research analysts have also recently issued reports on TSG. Zacks Investment Research upgraded shares of Stars Group from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Thursday, June 28th. ValuEngine cut shares of Stars Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Macquarie reduced their price objective on shares of Stars Group from $48.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, August 14th. TheStreet cut shares of Stars Group from a “b” rating to a “c” rating in a report on Monday, August 20th. Finally, Goldman Sachs Group assumed coverage on shares of Stars Group in a report on Wednesday, September 26th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Stars Group has a consensus rating of “Hold” and an average price target of $33.50.

Shares of NASDAQ TSG opened at $20.58 on Friday. The stock has a market cap of $5.74 billion, a PE ratio of 9.15 and a beta of 1.59. Stars Group has a 1 year low of $19.80 and a 1 year high of $38.95. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.94.



Stars Group (NASDAQ:TSG) last issued its quarterly earnings data on Monday, August 13th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The firm had revenue of $411.50 million during the quarter, compared to analysts’ expectations of $380.80 million. Stars Group had a net margin of 3.01% and a return on equity of 23.55%. The business’s revenue was up 34.8% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. As a group, research analysts anticipate that Stars Group will post 2.22 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Twin Tree Management LP purchased a new position in Stars Group during the second quarter worth about $107,000. Tower Research Capital LLC TRC purchased a new position in Stars Group in the second quarter valued at about $127,000. Wells Fargo & Company MN purchased a new position in Stars Group in the first quarter valued at about $198,000. Monetary Management Group Inc. purchased a new position in Stars Group in the second quarter valued at about $200,000. Finally, Atria Investments LLC purchased a new position in Stars Group in the second quarter valued at about $227,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

About Stars Group

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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