Arete Research Reiterates Sell Rating for Paramount Skydance (NASDAQ:PSKY)

Paramount Skydance (NASDAQ:PSKYGet Free Report)‘s stock had its “sell” rating reissued by equities research analysts at Arete Research in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They currently have a $2.00 price objective on the stock. Arete Research’s price target would indicate a potential downside of 78.75% from the stock’s previous close.

PSKY has been the topic of a number of other research reports. Morgan Stanley upgraded shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and upped their price target for the company from $11.00 to $14.00 in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paramount Skydance in a research note on Wednesday, June 24th. Guggenheim decreased their target price on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Finally, Wells Fargo & Company reduced their target price on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat, Paramount Skydance currently has a consensus rating of “Reduce” and a consensus price target of $12.00.

View Our Latest Report on Paramount Skydance

Paramount Skydance Stock Up 0.9%

Shares of NASDAQ:PSKY opened at $9.41 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $10.25 and its 200 day moving average is $10.85. The stock has a market cap of $10.53 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 0.61 and a beta of 1.43. Paramount Skydance has a 52-week low of $8.61 and a 52-week high of $20.86.

Paramount Skydance (NASDAQ:PSKYGet Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.08. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. The company had revenue of $7.35 billion for the quarter. During the same quarter in the previous year, the company earned $0.22 earnings per share. Sell-side analysts predict that Paramount Skydance will post 0.62 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PSKY. MTCO Ltd. acquired a new stake in Paramount Skydance in the 3rd quarter valued at $26,488,000. Chilton Investment Co. Inc. bought a new position in shares of Paramount Skydance in the third quarter valued at approximately $2,994,000. SG Americas Securities LLC grew its stake in shares of Paramount Skydance by 56.3% in the 4th quarter. SG Americas Securities LLC now owns 774,273 shares of the company’s stock worth $10,375,000 after purchasing an additional 279,045 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Paramount Skydance by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 36,006,077 shares of the company’s stock valued at $482,481,000 after acquiring an additional 132,613 shares during the last quarter. Finally, Hoertkorn Richard Charles purchased a new stake in Paramount Skydance during the fourth quarter valued at about $3,708,000. 73.00% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Paramount Skydance

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Paramount Skydance Company Profile

(Get Free Report)

Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.

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Analyst Recommendations for Paramount Skydance (NASDAQ:PSKY)

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