$RAY.TO

4 stories mentioning RAY.TOUpdated just now

Every FINWIRES story that references RAY.TO, newest first.

Stingray Group to Repurchase Shares from La Caisse Subsidiary for C$15.4 Million

Stingray Group (RAY.TO) will repurchase for cancellation 1 million of its subordinate voting and variable subordinate voting shares from La Caisse subsidiary CDP Investissements for C$15.4 million.Stingray will repurchase the shares using cash on hand at C$15.40 apiece, representing a discount of 5.1% to the stock's closing price on the Toronto Stock Exchange on Thursday, the streaming media company said postmarket on the same day.As part of its periodic portfolio rebalancing, La Caisse will also sell 2.3 million Stingray subordinate voting and variable subordinate voting shares through a block trade underwritten by National Bank Financial and Desjardins Capital Markets. It will continue to hold a nearly 10% stake in Stingray.

$RAY.TO

Mining & Metals16d ago

Stingray Receives Exemptive Relief to Facilitate Investment by Non-Canadians

Stingray Group (RAY.TO) received an exemption to treat its subordinate voting shares and variable subordinate voting shares as a single class for certain purposes, including for applicable take-over bid and early warning reporting requirements under Canadian securities laws, it said overnight Tuesday.The company applied for the exemption, which is effective immediately, to facilitate investment in its variable subordinate voting shares by non-Canadians.Shares of the company closed down 0.3% to $14.55 on Tuesday on the Toronto Stock Exchange.

$RAY.TO

Mining & Metals16d ago

Stingray Hooked Makes Its Debut on The Roku Channel in the US

Stingray (RAY.TO) on Tuesday announced the premiere launch of its newest channel, Stingray Hooked, now available to audiences in the United States on The Roku Channel.This addition marks the "very first time" the anticipated channel has been introduced to viewers, stated the company."We are incredibly excited to debut Stingray Hooked and to share it first with audiences in the US through The Roku Channel," said Rick Bergan, head of content distribution US at Stingray. "There is an undeniable thrill to fishing, and we have curated a lineup of high-stakes, action-packed content that captures the true essence and adrenaline of the sport. Launching on The Roku Channel allows us to introduce this captivating programming to millions of engaged viewers."The company's shares were last seen down $0.08 at $14.52 on the Toronto Stock Exchange.Price: $14.52, Change: $-0.08, Percent Change: -0.55%

$RAY.TO

Mining & Metals17d ago

CIBC Confirms Outperformer Rating and Target of $20 on Stingray Group Ahead of Q4 Results

CIBC Capital Markets maintained its outperformer rating and $20.00 price target on the shares of Stingray Group (RAY.TO) ahead of the company reporting its fiscal fourth-quarter financial results.The bank noted that fiscal Q4 will be the first full quarter of TuneIn contribution and it expects progress toward the company's synergies targets to be topical. The bank will also be looking for commentary on the fiscal 2027 outlook."We expect advertising spending was slower amid macro uncertainty in the quarter and we have slightly lowered our FQ4 estimates," said analyst Stephanie Price. "We continue to expect free ad-supported streaming TV (FAST) to be an organic growth driver and see upside if Stingray can execute on its TuneIn synergies more quickly than expected."CIBC expects fiscal Q4 revenue growth of 47% year-over-year and an adjusted EBITDA margin of 32.0%, down 450 basis points year-over-year, primarily due to the TuneIn integration. It also expects flattish organic growth to be driven by advertising revenues and offset by declines in subscription revenues and radio as Stingray laps a tougher year-over-year comparison.Price: $14.56, Change: $+0.46, Percent Change: +3.26%

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