Starry Group Holdings, Inc. (NYSE:STRY – Get Rating) has been assigned a consensus recommendation of "Hold" from the seven analysts that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $8.79.

A number of analysts have recently commented on STRY shares. Moffett Nathanson started coverage on shares of Starry Group in a research note on Monday, June 13th. They issued a "buy" rating and a $11.00 price target for the company. Cowen reduced their price target on shares of Starry Group to $8.00 in a research note on Monday, August 15th. Cowen started coverage on shares of Starry Group in a research note on Friday, June 17th. They issued a "buy" rating and a $9.00 price target for the company. The Goldman Sachs Group reduced their price target on shares of Starry Group from $8.00 to $4.00 and set a "neutral" rating for the company in a research note on Wednesday, August 10th. Finally, Piper Sandler began coverage on shares of Starry Group in a report on Friday, June 3rd. They issued a "market perform" rating and a $10.00 price objective on the stock.

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Hedge Funds Weigh In On Starry Group

Several large investors have recently added to or reduced their stakes in the company. Tiger Global Management LLC purchased a new position in Starry Group during the first quarter valued at approximately $181,877,000. Kohlberg Kravis Roberts & Co. L.P. purchased a new position in Starry Group during the first quarter valued at approximately $29,799,000. Soros Fund Management LLC purchased a new position in Starry Group during the first quarter valued at approximately $11,725,000. Qube Research & Technologies Ltd purchased a new position in Starry Group during the first quarter valued at approximately $9,815,000. Finally, State Street Corp purchased a new position in Starry Group during the second quarter valued at approximately $3,261,000. Hedge funds and other institutional investors own 88.29% of the company's stock.

Starry Group Stock Performance

NYSE:STRY opened at $1.87 on Friday. The company has a debt-to-equity ratio of 35.82, a current ratio of 3.16 and a quick ratio of 3.16. Starry Group has a fifty-two week low of $1.75 and a fifty-two week high of $10.90. The company's 50-day moving average price is $2.80.

Starry Group (NYSE:STRY – Get Rating) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.09). The business had revenue of $7.75 million for the quarter, compared to analyst estimates of $8.30 million. On average, research analysts forecast that Starry Group will post -1.23 earnings per share for the current fiscal year.

Starry Group Company Profile

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Starry Group Holdings, Inc operates as a next generation licensed fixed wireless technology developer and internet service provider. The company is deploying gigabit capable broadband to the home using its hybrid fiber fixed wireless technology. It serves approximately 5.3 million households through deploying its gigabit network in six U.S.

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