Starry Group (NYSE:STRY – Get Rating) had its price target decreased by Moffett Nathanson to $6.50 in a research note issued to investors on Thursday, Stock Target Advisor reports.

A number of other research analysts have also issued reports on STRY. Cowen initiated coverage on Starry Group in a report on Friday, June 17th. They issued a buy rating and a $9.00 target price for the company. Oppenheimer initiated coverage on Starry Group in a report on Thursday, June 2nd. They set a market perform rating and a $10.00 price target for the company. Cowen decreased their price target on Starry Group to $8.00 in a report on Monday, August 15th. Piper Sandler initiated coverage on Starry Group in a report on Friday, June 3rd. They set a market perform rating and a $10.00 price target for the company. Finally, The Goldman Sachs Group decreased their price target on Starry Group from $8.00 to $4.00 and set a neutral rating for the company in a report on Wednesday, August 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $8.14.

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Starry Group Stock Down 12.7 %

Shares of NYSE STRY opened at $1.44 on Thursday. Starry Group has a twelve month low of $1.42 and a twelve month high of $10.90. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 35.82. The company has a fifty day moving average price of $2.70.

Starry Group (NYSE:STRY – Get Rating) last issued 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 firm had revenue of $7.75 million during the quarter, compared to analyst estimates of $8.30 million. As a group, analysts anticipate that Starry Group will post -1.23 earnings per share for the current year.

Insider Activity

In other news, major shareholder Tiger Global Management Llc sold 54,300 shares of the business's stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $1.66, for a total value of $90,138.00. Following the completion of the sale, the insider now directly owns 19,258,893 shares of the company's stock, valued at approximately $31,969,762.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On Starry Group

Several institutional investors have recently added to or reduced their stakes in STRY. NewGen Asset Management Ltd acquired a new position in Starry Group in the 1st quarter valued at about $306,000. West Branch Capital LLC acquired a new position in Starry Group in the 1st quarter valued at about $25,000. Victory Capital Management Inc. acquired a new position in Starry Group in the 1st quarter valued at about $144,000. Qube Research & Technologies Ltd acquired a new position in Starry Group in the 1st quarter valued at about $9,815,000. Finally, Citigroup Inc. acquired a new position in Starry Group during the 1st quarter worth approximately $26,000. Institutional investors and hedge funds own 88.29% of the company's stock.

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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