Wall Street Zen Downgrades Starz Entertainment (NASDAQ:STRZ) to Sell

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 investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

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

Starz Entertainment Price Performance

Shares of Starz Entertainment stock traded down $0.42 during trading on Friday, hitting $15.00. 68,680 shares of the company were exchanged, compared to its average volume of 248,417. Starz Entertainment has a fifty-two week low of $8.00 and a fifty-two week high of $22.98. The stock has a 50 day moving average of $16.56.

Insiders Place Their Bets

In related news, Director Joshua W. Sapan purchased 5,500 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were bought at an average price of $17.98 per share, for a total transaction of $98,890.00. Following the acquisition, the director directly owned 5,500 shares in the company, valued at $98,890. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Warner Bros. Discovery, Inc. sold 353,334 shares of Starz Entertainment stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $14.15, for a total transaction 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

An institutional investor recently bought a new position in Starz Entertainment stock. CWM LLC bought a new stake in shares of Starz Entertainment (NASDAQ:STRZ - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,071 shares of the company's stock, valued at approximately $33,000.

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."