Insiders Trades
Stingray Group Inc. Stock: price and insider trades · Canada
Stingray Group Inc.: what insiders have been doing
Stingray Group Inc. belongs to the Media & Communication sector. Filings by its managers are published through SEDI. The last twelve months, up to 18 October 2026, brought 126 filings signed by 19 insiders.
Only sales appear on the open market, 15 sales in all totalling €590k, filed by 3 insiders. Biggest ticket of the year: €71k, sold by Khuong, Ratha and made public on 29 September 2026 (0.011% of market cap).
The median gap between a trade and its publication by SEDI is 5 days. Until a filing is published, the market cannot know about the trade. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
With 126 filings in twelve months, the company is more active than the median of 12 filings across the 2,144 companies we follow on the same exchange. Our records for Stingray Group Inc. go back to 2026, with no purchases and 15 sales on the open market in total.
Other companies in the same sector with recent insider buying flagged by our signals: Globalstar, Inc. and Liberty Latin America Ltd. This summary is built from SEDI disclosures alone and does not predict where the share price will go.
Insider Decl.
127
Thresholds
n/a
Buy Volume
n/a
n/a
Sell Volume
€590,428
15 ops. · all time
Who traded when
BuySaleMathieu Péloquin9 sales
Lloyd Perry Feldman4 sales
Ratha Khuong2 sales
Analyst consensus: bullish or bearish?
Analysts rate Stingray Group Inc. Buy (bullish), based on 7 analysts. Average price target: CA$21.36.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 21,390 of 24,148 companies
23.7
score / 100
Value36
Quality11
FCF yld9.4%
Earn yld-2.7%
EV/EBITDA40.7x
ROE-16%
Gross mgn·
Net mgn-6.2%
Debt/EBITDA13.8x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2026FY ended March 2026 · cache
CA$15.91
Analyst consensus
7 analystsBuy
CA$19.00Target CA$21.36(+34%)CA$24.00
Income statement
RevenueCA$457.8M
EBITDACA$39.7M9% margin
Net income-CA$28.6M-7.5% margin
Valuation
PER (trailing)23.0x
PER (forward)7.0x
P/Book5.2x
Beta0.91
Balance sheet & cash
Market capCA$1.1B
Total debtCA$547.4M
Free Cash FlowCA$100.1M
Debt / Equity290%
Profitability & ownership
ROE-16.0%
ROA6.8%
% insiders14.8%
% institutions22.4%
Last declaration on 29 September 2026
Declarations127 total
7,500 shares@ CA$4.630.0034% mcap4.4% of flowSubordinate Voting SharesTSXSEDI:4782623
7,500 shares@ CA$15.250.011% mcap14.5% of flowSubordinate Voting SharesTSXSEDI:4782624
4,600 shares@ CA$16.000.0071% mcap6.0% of flowSubordinate Voting SharesTSXSEDI:4781182
5,000 shares@ CA$15.750.0075% mcap6.4% of flowSubordinate Voting SharesTSXSEDI:4781180
5,000 shares@ CA$15.650.0075% mcap6.4% of flowSubordinate Voting SharesTSXSEDI:4781179
4,600 shares@ CA$4.630.0020% mcap1.7% of flowOptionsTSXSEDI:4781175
5,000 shares@ CA$4.630.0022% mcap1.9% of flowOptionsTSXSEDI:4781172
5,000 shares@ CA$4.630.0022% mcap1.9% of flowOptionsTSXSEDI:4781171
Subordinate Voting SharesTSXSEDI:4780840
500 shares@ CA$15.760.0008% mcap0.6% of flowSubordinate Voting SharesTSXSEDI:4779413
3,500 shares@ CA$15.700.0053% mcap4.5% of flowSubordinate Voting SharesTSXSEDI:4779408
500 shares@ CA$4.630.0002% mcap0.2% of flowOptionsTSXSEDI:4779403
3,500 shares@ CA$4.630.0016% mcap1.3% of flowOptionsTSXSEDI:4779398
4,600 shares@ CA$15.680.0069% mcap5.9% of flowSubordinate Voting SharesTSXSEDI:4778171
400 shares@ CA$15.750.0006% mcap0.5% of flowSubordinate Voting SharesTSXSEDI:4778169
5,000 shares@ CA$16.000.0077% mcap6.5% of flowSubordinate Voting SharesTSXSEDI:4778166
4,600 shares@ CA$4.630.0020% mcap1.7% of flowOptionsTSXSEDI:4778164
400 shares@ CA$4.630.0002% mcap0.2% of flowOptionsTSXSEDI:4778162
5,000 shares@ CA$4.630.0022% mcap1.9% of flowOptionsTSXSEDI:4778158
1,700 shares@ CA$16.500.0027% mcap2.3% of flowSubordinate Voting SharesTSXSEDI:4776657
1,700 shares@ CA$4.630.0008% mcap0.6% of flowOptionsTSXSEDI:4776655
4,504 shares@ CA$16.120.0070% mcap6.3% of flowSubordinate Voting SharesTSXSEDI:4774800
4,504 shares@ CA$4.630.0020% mcap1.8% of flowOptionsTSXSEDI:4774798
22,264 shares@ CA$15.22610.032% mcap15.3% of flowDeferred Share Units (DSU)TSXSEDI:4770023
2,900 shares@ CA$16.250.0045% mcap4.1% of flowSubordinate Voting SharesTSXSEDI:4768680
25 of 127 declarations
About Stingray Group Inc.
Stingray Group Inc. is a Canadian company listed on the TSX under the ticker RAY.TO, with headquarters in Montreal, Canada. Founded in 2007 by Eric Boyko and Alexandre Taillefer, with backing from Télésystème and later Novacap, Stingray has built its business through disciplined acquisitions and a steady expansion of its audio, music, and media platform. Over time, it has evolved from a music-programming business into a diversified global media and audio monetization company. ([corporate.stingray.com](https://corporate.stingray.com/wp-content/uploads/2025/06/stingray-annual-report-F2025-vf.pdf))
Operationally, Stingray spans several complementary lines of business. The group provides music and video broadcasting, radio services, streaming products, mobile and connected-app offerings, and B2B solutions for retailers and enterprises. Its portfolio includes FAST channels, SVOD services, in-store music and advertising, digital signage, and customer-experience tools tied to analytics and content delivery. This mix gives the company exposure to recurring subscription revenue, long-term contracts, and advertising monetization rather than relying on a single product cycle. ([corporate.stingray.com](https://corporate.stingray.com/wp-content/uploads/2025/06/stingray-annual-report-F2025-vf.pdf))
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A key part of Stingray’s investment case is its broad distribution footprint. Management states that the company reaches more than 540 million subscribers in 160 countries, with content and services delivered through TVs, mobile devices, connected devices, game consoles, and connected cars. The annual report also highlights 97 radio licenses and more than 160 million app downloads, underscoring the scale of its consumer reach and its ability to distribute content across multiple endpoints. For investors, this suggests a business with international scale and diversified monetization channels. ([corporate.stingray.com](https://corporate.stingray.com/wp-content/uploads/2025/06/stingray-annual-report-F2025-vf.pdf))
Stingray’s competitive position is built on three pillars: proprietary technology, deep content curation capabilities, and a strong track record of acquisitions and integrations. The company emphasizes its own technology stack for digital music distribution and ambiance solutions, and it describes acquisitions as a central part of its growth strategy, with 48 acquisitions completed since inception. Management also highlights capital discipline, prioritizing debt reduction alongside selective M&A. ([corporate.stingray.com](https://corporate.stingray.com/wp-content/uploads/2025/06/stingray-annual-report-F2025-vf.pdf))
Recent developments reinforce that strategy. In October 2025, Stingray announced the acquisition of DMI, a U.S.-based music branding and in-store audio advertising business, adding roughly 8,500 retail locations in the United States and strengthening its North American retail media network. In November 2025, the company announced an agreement to acquire TuneIn, and in December 2025 it completed that transaction, expanding its audio streaming and digital advertising capabilities. In the second quarter of fiscal 2026, Stingray reported strong revenue growth and improved adjusted EBITDA, supported by the TuneIn acquisition, FAST channel momentum, and equipment sales linked to The Singing Machine. ([corporate.stingray.com](https://corporate.stingray.com/wp-content/uploads/2025/11/ray-q1-2026-stingray-press-release-en.pdf))
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