Starry Group (NYSE:STRY) Price Target Cut to $6.50 by Analysts at Moffett Nathanson
Starry Group (NYSE:STRY) Price Target Cut to $6.50 by Analysts at Moffett Nathanson
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.
Get Starry Group alerts: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
(Get Rating)
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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Starry Group(紐約證券交易所代碼:STRY-GET Rating)據Stock Target Advisor報道,在週四發佈給投資者的一份研究報告中,莫菲特·內桑森將其目標價下調至6.50美元。
其他一些研究分析師也發佈了關於STRY的報告。考恩在6月17日星期五的一份報告中發起了對Starry Group的報道。他們為該公司發佈了買入評級和9.00美元的目標價。奧本海默在6月2日星期四的一份報告中發起了對Starry Group的報道。他們為該公司設定了市場表現評級和10.00美元的目標價。考恩在8月15日星期一的一份報告中將他們對Starry Group的目標價下調至8.00美元。派珀·桑德勒在6月3日星期五的一份報告中發起了對Starry Group的報道。他們為該公司設定了市場表現評級和10.00美元的目標價。最後,高盛夫婦在8月10日(星期三)的一份報告中將星空集團的目標價從8.00美元下調至4.00美元,並對該公司設定了中性評級。四位股票研究分析師對該股的評級為持有,三位分析師對該股的評級為買入。根據MarketBeat的數據,該公司目前的普遍評級為持有,平均目標價為8.14美元。
到達星空集團警報:星空集團股價下跌12.7%
紐約證交所STRY股價週四開盤報1.44美元。Starry Group的12個月低點為1.42美元,12個月高位為10.90美元。該公司的速動比率為3.16,流動比率為3.16,債務權益比為35.82。該公司的50日移動平均價為2.70美元。
Starry Group(紐約證券交易所代碼:STRY-GET Rating)最近一次發佈季度收益數據是在8月9日星期二。該公司公佈本季度每股收益為0.22美元,低於分析師普遍預期的0.13美元和0.09美元。該公司本季度營收為775萬美元,而分析師預期為830萬美元。分析師預計,作為一個整體,Starry Group本年度的每股收益將達到1.23美元。內幕活動
在其他新聞方面,大股東老虎全球管理有限責任公司在9月28日星期三的交易中出售了54,300股該公司的股票。這只股票的平均售價為1.66美元,總價值為90,138.00美元。出售完成後,這位內部人士現在直接擁有該公司19,258,893股股票,價值約31,969,762.38美元。這筆交易是在提交給美國證券交易委員會的一份檔案中披露的,可以通過以下方式獲取美國證券交易委員會網站。
對沖基金看好Starry Group
幾家機構投資者最近增持或減持了STRY的股份。Newgen Asset Management Ltd在第一季度收購了Starry Group的一個新頭寸,價值約為306,000美元。West Branch Capital LLC在第一季度收購了Starry Group的一個新頭寸,價值約25,000美元。勝利資本管理公司在第一季度收購了Starry Group的一個新頭寸,價值約14.4萬美元。Qube Research&Technologies Ltd在第一季度收購了Starry Group的一個新頭寸,價值約為981.5萬美元。最後,花旗集團在第一季度收購了Starry Group價值約26,000美元的新頭寸。機構投資者和對沖基金持有該公司88.29%的股票。
星空集團公司簡介
(獲取評級)
Starry Group Holdings,Inc.是一家擁有下一代許可的固定無線技術開發商和互聯網服務提供商。該公司正在使用其混合光纖固定無線技術將千兆寬帶部署到家庭。它通過在美國六個國家部署千兆網路,為大約530萬個家庭提供服務。
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