Lionsgate Studios (LION) Receives a Buy from Rosenblatt Securities

Lionsgate Studios (LION – Research Report) received a Buy rating and a $9.00 price target from Rosenblatt Securities analyst Barton Crockett today. The company’s shares closed yesterday at $7.28.

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According to TipRanks, Crockett is a 4-star analyst with an average return of 5.4% and a 55.26% success rate. Crockett covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Nexxen International, and Nexstar Media Group.

In addition to Rosenblatt Securities, Lionsgate Studios also received a Buy from Raymond James’s Brent Penter in a report issued on May 23. However, yesterday, TD Cowen initiated coverage with a Hold rating on Lionsgate Studios (NYSE: LION).

The company has a one-year high of $9.23 and a one-year low of $6.04. Currently, Lionsgate Studios has an average volume of 1.1M.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LION in relation to earlier this year. Last month, Liberty 77 Capital L.P., a Major Shareholder at LION bought 7,419,768.00 shares for a total of $48,843,376.30.