Endeavor Group (NYSE:EDR) PT Raised to $40.00

Endeavor Group (NYSE:EDRGet Rating) had its target price hoisted by analysts at Deutsche Bank Aktiengesellschaft from $39.00 to $40.00 in a research note issued to investors on Friday, The Fly reports.

A number of other brokerages also recently weighed in on EDR. StockNews.com downgraded Endeavor Group from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised Endeavor Group from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Thursday, March 3rd. Barclays raised Endeavor Group from an “equal weight” rating to an “overweight” rating in a report on Friday. Credit Suisse Group raised their target price on Endeavor Group from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, March 14th. Finally, Morgan Stanley cut their price objective on Endeavor Group from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, March 30th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of 34.64.

Endeavor Group stock opened at 18.34 on Friday. The stock’s fifty day moving average price is 26.32 and its two-hundred day moving average price is 28.86. Endeavor Group has a one year low of 17.42 and a one year high of 35.28. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.39 and a current ratio of 1.39.

Endeavor Group (NYSE:EDRGet Rating) last issued its earnings results on Wednesday, March 16th. The company reported 0.34 earnings per share for the quarter, beating analysts’ consensus estimates of 0.17 by 0.17. The firm had revenue of 1.51 billion for the quarter, compared to the consensus estimate of 1.36 billion. Endeavor Group had a positive return on equity of 9.36% and a negative net margin of 6.33%. As a group, equities research analysts forecast that Endeavor Group will post 1.58 EPS for the current fiscal year.

In other news, CFO Jason Lublin sold 30,840 shares of Endeavor Group stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of 19.25, for a total value of 593,670.00. Following the completion of the transaction, the chief financial officer now directly owns 46,510 shares of the company’s stock, valued at approximately 895,317.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Seth D. Krauss sold 4,284 shares of the business’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of 19.08, for a total value of 81,738.72. Following the completion of the sale, the insider now directly owns 28,880 shares of the company’s stock, valued at 551,030.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 518,510 shares of company stock valued at $10,138,695. 0.60% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Private Capital Group LLC boosted its stake in Endeavor Group by 6,250.0% during 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. SouthState Corp acquired a new position in Endeavor Group during the 3rd quarter valued at about $57,000. Marshall Wace LLP acquired a new position in Endeavor Group during the 4th quarter valued at about $79,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Endeavor Group in the 1st quarter worth approximately $90,000. Finally, Citigroup Inc. boosted its stake in shares of Endeavor Group by 180.4% in the 3rd quarter. Citigroup Inc. now owns 3,306 shares of the company’s stock worth $95,000 after buying an additional 2,127 shares during the last quarter. 52.95% of the stock is owned by institutional investors and hedge funds.

Endeavor Group Company Profile (Get Rating)

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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