Brokerages Set Starz Entertainment Corp. (NASDAQ:STRZ) Price Target at $22.00

Starz Entertainment Corp. (NASDAQ:STRZ) has earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $22.00.

STRZ has been the subject of a number of research reports. Baird R W upgraded shares of Starz Entertainment to a “hold” rating in a report on Friday, September 5th. Zacks Research upgraded shares of Starz Entertainment to a “hold” rating in a research note on Wednesday, September 17th. Morgan Stanley decreased their price objective on shares of Starz Entertainment from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, August 15th. Robert W. Baird started coverage on shares of Starz Entertainment in a research note on Friday, September 5th. They set a “neutral” rating and a $13.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Starz Entertainment in a research note on Friday, September 5th.

Insiders Place Their Bets

In other Starz Entertainment news, Director Harry Sloan acquired 8,100 shares of Starz Entertainment stock in a transaction that occurred on Thursday, August 21st. The stock was acquired at an average cost of $12.98 per share, for a total transaction of $105,138.00. Following the purchase, the director owned 42,260 shares of the company’s stock, valued at approximately $548,534.80. This represents a 23.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have purchased 15,796 shares of company stock valued at $201,896. 53.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Starz Entertainment in the 2nd quarter valued at $28,000. CWM LLC bought a new position in Starz Entertainment in the 2nd quarter valued at $33,000. Legal & General Group Plc bought a new position in Starz Entertainment in the 2nd quarter valued at $41,000. New York State Common Retirement Fund bought a new position in Starz Entertainment in the 2nd quarter valued at $48,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in Starz Entertainment in the 2nd quarter valued at $49,000.

Starz Entertainment Stock Up 1.2%

Shares of NASDAQ STRZ opened at $14.81 on Monday. Starz Entertainment has a twelve month low of $8.00 and a twelve month high of $22.98. The business’s fifty day moving average price is $14.12.

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

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.”