Analysts at Bank of America assumed coverage on shares of Endeavor Group (NYSE:EDR – Get Rating) in a report released on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $28.00 price target on the stock.
EDR has been the subject of a number of other reports. UBS Group raised shares of Endeavor Group from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a report on Friday, May 13th. Piper Sandler dropped their target price on shares of Endeavor Group from $37.00 to $30.00 in a report on Friday, May 13th. StockNews.com raised shares of Endeavor Group from a “hold” rating to a “buy” rating in a report on Saturday, June 25th. Credit Suisse Group reissued an “outperform” rating and set a $40.00 price objective on shares of Endeavor Group in a research note on Friday, June 24th. Finally, Evercore ISI dropped their price objective on shares of Endeavor Group from $35.00 to $30.00 in a research note on Wednesday, July 27th. Eleven analysts have rated the stock with a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of 32.36.
Endeavor Group Stock Performance
NYSE:EDR opened at 24.21 on Thursday. The firm has a market capitalization of $17.06 billion, a PE ratio of 2,423.42 and a beta of 1.09. The business’s fifty day moving average price is 21.73 and its 200 day moving average price is 25.27. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.71 and a quick ratio of 1.71. Endeavor Group has a 12 month low of 17.42 and a 12 month high of 35.28.
Endeavor Group (NYSE:EDR – Get Rating) last released its quarterly earnings data on Thursday, May 12th. The company reported 0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of 0.31 by 0.42. Endeavor Group had a net margin of 0.42% and a return on equity of 11.32%. The company had revenue of 1.47 billion during the quarter, compared to the consensus estimate of 1.28 billion. On average, sell-side analysts anticipate that Endeavor Group will post 0.91 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Christian Muirhead sold 19,109 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of 24.00, for a total transaction of 458,616.00. Following the sale, the insider now owns 6,027 shares in the company, valued at 144,648. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Endeavor Group news, CEO Ariel Emanuel sold 92,785 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of 20.25, for a total value of 1,878,896.25. Following the completion of the sale, the chief executive officer now directly owns 1,446,748 shares of the company’s stock, valued at 29,296,647. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christian Muirhead sold 19,109 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of 24.00, for a total transaction of 458,616.00. Following the sale, the insider now directly owns 6,027 shares of the company’s stock, valued at 144,648. The disclosure for this sale can be found here. Insiders have sold 177,894 shares of company stock worth $3,749,912 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.
Institutional Trading of Endeavor Group
A number of hedge funds have recently bought and sold shares of the stock. CIBC Asset Management Inc increased its position in shares of Endeavor Group by 2.3% during the 4th quarter. CIBC Asset Management Inc now owns 28,070 shares of the company’s stock worth $979,000 after purchasing an additional 622 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Endeavor Group by 10.7% in the 1st quarter. GSA Capital Partners LLP now owns 15,394 shares of the company’s stock valued at $454,000 after purchasing an additional 1,487 shares during the last quarter. Private Capital Group LLC boosted its stake in shares of Endeavor Group by 6,250.0% in the 1st quarter. Private Capital Group LLC now owns 1,524 shares of the company’s stock valued at $45,000 after purchasing an additional 1,500 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Endeavor Group by 11.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 18,922 shares of the company’s stock worth $559,000 after acquiring an additional 1,926 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in Endeavor Group during the 1st quarter worth approximately $90,000. 52.95% of the stock is owned by institutional investors.
Endeavor Group Company Profile
Endeavor Group Holdings, Inc. operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events.
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