Starz Entertainment (NASDAQ:STRZ) Stock Rating Upgraded by Wall Street Zen

Key Points

• Starz Entertainment (NASDAQ:STRZ) has received a rating upgrade from Wall Street Zen, moving from a "sell" to a "hold" rating.
• The stock has seen various analysts offering ratings, with the average rating now at "Moderate Buy" and a target price of $25.00.
• Starz recently reported a quarterly earnings miss, with an EPS of ($2.54), falling short of the consensus estimate by ($1.15).

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

Several other research analysts have also weighed in on the company. TD Cowen raised Starz Entertainment to a "hold" rating in a research report on Tuesday, May 13th. Seaport Res Ptn raised Starz Entertainment to a "strong-buy" rating in a research report on Sunday, May 18th. Benchmark started coverage on Starz Entertainment in a research report on Wednesday, July 9th. They issued a "buy" rating and a $39.00 target price on the stock. Raymond James Financial reaffirmed an "outperform" rating and issued a $22.00 target price (up from $19.00) on shares of Starz Entertainment in a research report on Friday, May 30th. Finally, Morgan Stanley set a $14.00 target price on Starz Entertainment and gave the stock an "equal weight" rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $25.00.

Starz Entertainment Price Performance

Shares of Starz Entertainment stock opened at $12.24 on Friday. The business has a 50-day simple moving average of $15.80. Starz Entertainment has a 1 year low of $8.00 and a 1 year high of $22.98.

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

Insider Activity

In related news, Director Mark H. Md Rachesky acquired 353,334 shares of the stock in a transaction dated Monday, June 2nd. The shares were acquired at an average price of $14.15 per share, with a total value of $4,999,676.10. Following the acquisition, the director owned 471,153 shares in the company, valued at approximately $6,666,814.95. The trade was a 299.90% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joshua W. Sapan bought 5,500 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average cost of $17.98 per share, with a total value of $98,890.00. Following the transaction, the director owned 5,500 shares in the company, valued at approximately $98,890. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 53.60% of the stock is currently owned by insiders.

Institutional Trading of Starz Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new stake in Starz Entertainment in the 2nd quarter valued at approximately $28,000. CWM LLC acquired a new stake in Starz Entertainment in the 2nd quarter valued at approximately $33,000. Legal & General Group Plc acquired a new stake in Starz Entertainment in the 2nd quarter valued at approximately $41,000. New York State Common Retirement Fund acquired a new stake in Starz Entertainment in the 2nd quarter valued at approximately $48,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in Starz Entertainment in the 2nd quarter valued at approximately $49,000.

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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