Starz Entertainment (NASDAQ:STRZ) Shares Gap Up – Still a Buy?

Starz Entertainment (NASDAQ:STRZ)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $16.80, but opened at $17.27. Starz Entertainment shares last traded at $17.83, with a volume of 30,862 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on STRZ shares. Raymond James reiterated an “outperform” rating and issued a $22.00 target price (up previously from $19.00) on shares of Starz Entertainment in a report on Friday, May 30th. Seaport Res Ptn upgraded shares of Starz Entertainment to a “strong-buy” rating in a report on Sunday, May 18th. TD Cowen upgraded shares of Starz Entertainment to a “hold” rating in a report on Tuesday, May 13th. Finally, Wall Street Zen upgraded shares of Starz Entertainment to a “hold” rating in a report on Thursday, May 22nd.

Starz Entertainment Stock Down 9.1%

Insiders Place Their Bets

In other Starz Entertainment news, insider Warner Bros. Discovery, Inc. sold 353,334 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joshua W. Sapan purchased 5,500 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average price of $17.98 per share, with a total value of $98,890.00. Following the purchase, the director now owns 5,500 shares of the company’s stock, valued at approximately $98,890. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 53.60% of the company’s stock.

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.”