JPMorgan Chase & Co. assumed coverage on shares of Skydance (NYSE:SKYD – Free Report) in a research report released on Friday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $9.00 target price on the media and entertainment company’s stock.
Several other analysts have also recently weighed in on the stock. Barclays set a $7.00 price objective on shares of Skydance and gave the stock an “underweight” rating in a research note on Wednesday, October 7th. Sanford C. Bernstein restated a “market perform” rating on shares of Skydance in a research report on Wednesday. TD Cowen decreased their target price on shares of Skydance from $6.50 to $4.00 and set a “hold” rating on the stock in a research report on Wednesday, August 5th. Stephens reaffirmed a “buy” rating on shares of Skydance in a report on Friday, October 16th. Finally, Citigroup reiterated an “underperform” rating on shares of Skydance in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.73.
Get Our Latest Stock Analysis on SKYD
Skydance Stock Down 0.5%
SKYD opened at $7.73 on Friday. Skydance has a fifty-two week low of $6.61 and a fifty-two week high of $17.16. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.88 and a current ratio of 1.04. The company has a market capitalization of $8.67 billion, a P/E ratio of 26.66 and a beta of 1.53. The stock has a fifty day moving average of $6.14 and a 200-day moving average of $5.41.
Skydance (NYSE:SKYD – Get Free Report) last announced its earnings results on Tuesday, August 4th. The media and entertainment company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Skydance had a negative net margin of 2.13% and a positive return on equity of 4.11%. The company had revenue of $6.91 billion during the quarter. On average, equities analysts expect that Skydance will post -0.37 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of SKYD. Dimensional Fund Advisors LP raised its holdings in shares of Skydance by 126.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,970,920 shares of the media and entertainment company’s stock worth $35,812,000 after buying an additional 2,216,433 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Skydance during the 2nd quarter worth $14,002,000. MTCO Ltd. lifted its position in shares of Skydance by 21.4% during the 2nd quarter. MTCO Ltd. now owns 7,650,000 shares of the media and entertainment company’s stock worth $75,429,000 after buying an additional 1,350,000 shares during the last quarter. Palestra Capital Management LLC acquired a new stake in Skydance in the second quarter valued at about $12,798,000. Finally, LTS Liquid Investments LLC boosted its stake in Skydance by 68.7% in the first quarter. LTS Liquid Investments LLC now owns 2,030,591 shares of the media and entertainment company’s stock valued at $18,316,000 after buying an additional 827,248 shares in the last quarter. Institutional investors and hedge funds own 73.00% of the company’s stock.
Skydance News Summary
Here are the key news stories impacting Skydance this week:
- Positive Sentiment: Reported $1 billion Musk investment: Elon Musk reportedly invested approximately $1 billion in Skydance. The funding could strengthen the company’s balance sheet and help address debt concerns, while Musk’s involvement may create strategic or technology-related opportunities. The investment has been reported by multiple outlets, but the precise terms and official confirmation remain unclear. Reuters article
- Positive Sentiment: Potential SpaceX relationship: John Malone floated the possibility of a multibillion-dollar SpaceX-Skydance partnership or investment. While speculative, the idea has fueled expectations that outside capital could help reduce Skydance’s leverage and support new distribution, technology, or media initiatives. Exchange4media article
- Positive Sentiment: JPMorgan sees upside: JPMorgan initiated coverage with a “Neutral” rating and a $9 price target, implying roughly 16% upside from the referenced price. The accompanying analysis reportedly suggests Skydance could gain ground against Netflix and Disney through its Warner Bros. deal, providing a constructive—though not strongly bullish—view. Stocktwits article
- Neutral Sentiment: Speculative trading activity: Skydance experienced unusually high call-option buying and a temporary LULD trading pause, indicating elevated volatility and speculative positioning rather than a confirmed change in fundamentals. American Banking News article
- Negative Sentiment: Debt remains the key risk: Reports emphasize Skydance’s heavy debt load after its media acquisitions. The Musk investment may provide liquidity, but investors remain concerned about leverage, integration execution, and whether the enlarged company can generate sufficient cash flow. These concerns contributed to the stock reversing an early gain after the investment reports emerged. CNBC article
About Skydance
Skydance Corporation is a global media and entertainment company formerly known as Paramount Skydance Corporation.
See Also
- Five stocks we like better than Skydance
- Newmont’s Record Quarter Shows Why Gold’s Floor Is the Real Story
- Albemarle Upgrade: Can Energy Storage Recharge Lithium’s Leader?
- Consumer Staples Are Up 12% This Year—These 3 Beverage Stocks Are Leading the Way
- Can Planet Fitness Get Its Growth Back in Shape?
Receive News & Ratings for Skydance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skydance and related companies with MarketBeat.com's FREE daily email newsletter.
