Starz Entertainment Corp. (NASDAQ:STRZ) Receives $22.00 Consensus Price Target from Brokerages

Key Points

• Starz Entertainment Corp. (NASDAQ:STRZ) has received a consensus recommendation of "Hold" from analysts, with six holding, two buying, and one strongly buying the stock.
• The company reported a significant earnings per share miss of ($2.54), compared to analysts' estimates of ($1.39), alongside revenue of $319.70 million against a consensus of $328.70 million.
• Insider activity was noted as Director Harry Sloan purchased 8,100 shares at an average price of $12.98, increasing his ownership by 23.71%.

Starz Entertainment Corp. (NASDAQ:STRZ - Get Free Report) has earned a consensus recommendation of "Hold" from the nine research firms that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $22.00.

A number of analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Starz Entertainment from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Friday, August 15th. Raymond James Financial reiterated an "outperform" rating and set a $22.00 price target (up previously from $19.00) on shares of Starz Entertainment in a research report on Friday, May 30th. Baird R W raised shares of Starz Entertainment to a "hold" rating in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Starz Entertainment in a report on Friday, September 5th. Finally, Wall Street Zen raised shares of Starz Entertainment from a "sell" rating to a "hold" rating in a report on Saturday, August 16th.

Insider Activity

In other Starz Entertainment news, Director Harry Sloan purchased 8,100 shares of Starz Entertainment stock in a transaction dated Thursday, August 21st. The shares were acquired at an average price of $12.98 per share, with a total value of $105,138.00. Following the completion of the transaction, the director owned 42,260 shares of the company's stock, valued at $548,534.80. This trade represents a 23.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have acquired a total of 15,796 shares of company stock worth $201,896 over the last ninety days.

Institutional Investors Weigh In On Starz Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Congress Park Capital LLC acquired a new stake in shares of Starz Entertainment during the 2nd quarter valued at approximately $181,000. CWM LLC bought a new position in shares of Starz Entertainment during the second quarter worth approximately $33,000. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Starz Entertainment during the 2nd quarter valued at $1,104,000. Nisa Investment Advisors LLC bought a new stake in Starz Entertainment in the 2nd quarter valued at about $62,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Starz Entertainment in the second quarter valued at approximately $1,573,000.

Starz Entertainment Price Performance

NASDAQ:STRZ traded up $0.26 during midday trading on Monday, hitting $14.67. 60,885 shares of the stock were exchanged, compared to its average volume of 117,018. Starz Entertainment has a one year low of $8.00 and a one year high of $22.98. The company's 50-day moving average price is $14.20.

Starz Entertainment (NASDAQ:STRZ - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($2.54) earnings per share for the quarter, missing analysts' consensus estimates of ($1.39) by ($1.15). The business had revenue of $319.70 million during the quarter, compared to the consensus estimate of $328.70 million.

About Starz Entertainment

Starz is a premium cable and streaming network owned by Starz Entertainment, which was formerly a part of Lionsgate. Starz had about 20 million subscribers in the U.S. and Canada as of Dec. 31, 2024. The company's franchises include “Outlander” and “Power."