JPMorgan Chase & Co. Initiates Coverage on Skydance (NYSE:SKYD)

JPMorgan Chase & Co. started coverage on shares of Skydance (NYSE:SKYD) in a research report issued on Friday, MarketBeat reports. The firm set a “neutral” rating and a $9.00 price target on the media and entertainment company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.68% from the stock’s current price.

A number of other equities analysts have also commented on the company. Citigroup reaffirmed an “underperform” rating on shares of Skydance in a report on Wednesday. Citizens Jmp restated a “market outperform” rating and set a $7.00 price target on shares of Skydance in a research report on Tuesday, September 22nd. Sanford C. Bernstein reissued a “market perform” rating on shares of Skydance in a research note on Wednesday. TD Cowen lowered their price target on Skydance from $6.50 to $4.00 and set a “hold” rating for the company in a research report on Wednesday, August 5th. Finally, Arete Research reiterated a “sell” rating and set a $1.00 target price on shares of Skydance in a report on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat, Skydance presently has a consensus rating of “Reduce” and an average target price of $5.73.

Skydance Stock Down 0.1%

NYSE:SKYD traded down $0.01 on Friday, hitting $7.78. The stock had a trading volume of 2,065,513 shares, compared to its average volume of 14,394,099. The company has a market cap of $8.73 billion, a PE ratio of 26.83 and a beta of 1.53. Skydance has a 52 week low of $6.61 and a 52 week high of $17.16. The business’s fifty day moving average is $6.09 and its 200 day moving average is $5.39. The company has a quick ratio of 0.88, a current ratio of 1.04 and a debt-to-equity ratio of 1.13.

Skydance (NYSE:SKYD) last issued its quarterly earnings data on Tuesday, August 4th. The media and entertainment company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $6.91 billion during the quarter. Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%. On average, equities research analysts expect that Skydance will post -0.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Skydance

A number of institutional investors have recently bought and sold shares of the business. Pittenger & Anderson Inc. grew its position in shares of Skydance by 18.0% during the first quarter. Pittenger & Anderson Inc. now owns 6,560 shares of the media and entertainment company’s stock valued at $59,000 after purchasing an additional 1,000 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in shares of Skydance by 6.9% during the second quarter. New Mexico Educational Retirement Board now owns 15,499 shares of the media and entertainment company’s stock valued at $153,000 after acquiring an additional 1,000 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Skydance by 1.2% during the second quarter. Arizona State Retirement System now owns 89,455 shares of the media and entertainment company’s stock valued at $882,000 after acquiring an additional 1,077 shares in the last quarter. CX Institutional raised its stake in shares of Skydance by 38.1% during the second quarter. CX Institutional now owns 4,612 shares of the media and entertainment company’s stock valued at $45,000 after acquiring an additional 1,273 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of Skydance by 14.6% during the first quarter. Kestra Advisory Services LLC now owns 14,130 shares of the media and entertainment company’s stock valued at $127,000 after acquiring an additional 1,805 shares in the last quarter. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Key Headlines Impacting Skydance

Here are the key news stories impacting Skydance this week:

• Positive Sentiment: Elon Musk reportedly invests approximately $1 billion. Reports from CNBC and Reuters say Musk has invested about $1 billion in Skydance, potentially providing capital to help address debt following the company’s Paramount and Warner Bros. Discovery-related expansion. Musk’s involvement may also enhance Skydance’s profile and create potential technology, distribution or strategic opportunities. Reuters article
• Positive Sentiment: Speculation about a much larger SpaceX-related investment is supporting sentiment. Liberty Media Chairman John Malone has floated the possibility of an $8 billion to $10 billion SpaceX-Skydance partnership or investment. No such transaction has been confirmed, so the potential remains speculative, but it has encouraged buying in SKYD. Exchange4media article
• Positive Sentiment: Options activity signals aggressive short-term positioning. Traders purchased approximately 94,374 call options, about 37% above average call volume. This indicates increased speculative interest in a further rebound, although options activity does not guarantee a fundamental improvement. American Banking and Market News article
• Neutral Sentiment: Trading was temporarily halted under a volatility-control pause. A LULD halt underscores the unusually sharp price moves and elevated event-driven trading in SKYD. It does not itself change Skydance’s outlook but highlights heightened near-term risk.
• Negative Sentiment: Debt remains the central concern. Coverage emphasizes Skydance’s substantial leverage after its media acquisitions. Although Musk’s reported investment could provide financial relief, investors still lack details on the capital’s structure, use and effect on debt, leaving execution and balance-sheet risks unresolved. MSN article
• Negative Sentiment: Prior warrant-related selling and a reversal of the initial rally are adding technical pressure. The stock’s rebound followed separate warrant trading, but subsequent volatility suggests some investors are using the news to take profits rather than building long-term positions. 247 Wall St article

Skydance Company Profile

Skydance Corporation is a global media and entertainment company formerly known as Paramount Skydance Corporation.