Starz Entertainment (NASDAQ:STRZ) Coverage Initiated at Benchmark

Stock analysts at Benchmark initiated coverage on shares of Starz Entertainment (NASDAQ:STRZ) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $39.00 price target on the stock. Benchmark’s price objective points to a potential upside of 128.34% from the stock’s previous close.

Several other research firms have also recently weighed in on STRZ. Wall Street Zen raised Starz Entertainment to a “hold” rating in a research report on Thursday, May 22nd. Seaport Res Ptn raised shares of Starz Entertainment to a “strong-buy” rating in a report on Sunday, May 18th. Raymond James Financial reaffirmed 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 upgraded shares of Starz Entertainment to a “hold” rating in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.50.

Starz Entertainment Price Performance

STRZ opened at $17.08 on Wednesday. Starz Entertainment has a 1-year low of $8.00 and a 1-year high of $22.98. The company has a 50 day simple moving average of $15.95.

Insider Buying and Selling

In related news, Director Mark H. Md Rachesky purchased 353,334 shares of the stock in a transaction on Monday, June 2nd. The shares were purchased at an average cost of $14.15 per share, for a total transaction of $4,999,676.10. Following the completion of the transaction, the director directly owned 471,153 shares of the company’s stock, valued at approximately $6,666,814.95. The trade was a 299.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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.

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.”