Starz Entertainment (NASDAQ:STRZ) Earns Neutral Rating from Analysts at Robert W. Baird

Robert W. Baird assumed coverage on shares of Starz Entertainment (NASDAQ:STRZ) in a report issued on Friday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $13.00 price target on the stock.

A number of other brokerages have also recently weighed in on STRZ. Seaport Res Ptn upgraded Starz Entertainment to a “strong-buy” rating in a research report on Sunday, May 18th. Wall Street Zen upgraded Starz Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Raymond James Financial reiterated an “outperform” rating and issued a $22.00 price target (up from $19.00) on shares of Starz Entertainment in a research report on Friday, May 30th. Benchmark started coverage on Starz Entertainment in a research report on Wednesday, July 9th. They issued a “buy” rating and a $39.00 price target on the stock. Finally, Morgan Stanley lowered their price target on Starz Entertainment from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Starz Entertainment Price Performance

Shares of NASDAQ STRZ opened at $12.60 on Friday. The company has a fifty day moving average price of $14.72. Starz Entertainment has a one year low of $8.00 and a one year high of $22.98.

Starz Entertainment (NASDAQ:STRZ) last issued its earnings results on Thursday, August 14th. The company reported ($2.54) EPS for the quarter, missing analysts’ consensus estimates of ($1.39) by ($1.15). The company had revenue of $319.70 million during the quarter, compared to analyst estimates of $328.70 million.

Insider Activity at Starz Entertainment

In other Starz Entertainment news, Director Harry Sloan bought 8,100 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were bought at an average price of $12.98 per share, for a total transaction of $105,138.00. Following the completion of the acquisition, the director owned 42,260 shares of the company’s stock, valued at approximately $548,534.80. This trade represents a 23.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders acquired a total of 15,796 shares of company stock worth $201,896 in the last quarter.

Institutional Trading of Starz Entertainment

Several large investors have recently made changes to their positions in the business. Liberty 77 Capital L.P. bought a new position in Starz Entertainment in the second quarter valued at about $28,987,000. Geode Capital Management LLC bought a new position in Starz Entertainment in the second quarter valued at about $5,076,000. Jefferies Financial Group Inc. bought a new position in Starz Entertainment in the second quarter valued at about $4,470,000. Marshall Wace LLP bought a new position in Starz Entertainment in the second quarter valued at about $2,212,000. Finally, Honeycomb Asset Management LP bought a new position in Starz Entertainment in the second quarter valued at about $1,607,000.

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.”