Starz Entertainment (NASDAQ:STRZ) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Starz Entertainment has been downgraded from a "hold" rating to a "sell" rating by analysts at Wall Street Zen, reflecting a change in investor sentiment.
• Current stock performance shows shares of Starz trading at $15.41, with a 52-week low of $8.00 and a high of $22.98, suggesting significant price volatility.
• Despite the downgrade, some analysts maintain a positive outlook, with a consensus target price of $30.50 and ratings ranging from "sell" to "strong buy."

Starz Entertainment (NASDAQ:STRZ - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

Several other equities analysts have also issued reports on STRZ. Benchmark began coverage on Starz Entertainment in a report on Wednesday, July 9th. They issued a "buy" rating and a $39.00 target price for the company. Seaport Res Ptn raised Starz Entertainment to a "strong-buy" rating in a report on Sunday, May 18th. Raymond James Financial reissued an "outperform" rating and set a $22.00 price objective (up from $19.00) on shares of Starz Entertainment in a report on Friday, May 30th. Finally, TD Cowen raised Starz Entertainment to a "hold" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.50.

Starz Entertainment Price Performance

Shares of Starz Entertainment stock opened at $15.41 on Friday. Starz Entertainment has a 52 week low of $8.00 and a 52 week high of $22.98. The business has a 50 day moving average of $16.57.

Insider Buying and Selling at Starz Entertainment

In related news, Director Joshua W. Sapan purchased 5,500 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was purchased at an average cost of $17.98 per share, with a total value of $98,890.00. Following the completion of the acquisition, the director directly owned 5,500 shares of the company's stock, valued at approximately $98,890. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Warner Bros. Discovery, Inc. sold 353,334 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $14.15, for a total value of $4,999,676.10. The disclosure for this sale can be found here. 53.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Starz Entertainment

A hedge fund recently bought a new stake in Starz Entertainment stock. Congress Park Capital LLC acquired a new stake in shares of Starz Entertainment (NASDAQ:STRZ - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,269 shares of the company's stock, valued at approximately $181,000.

Starz Entertainment Company Profile

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."

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