Piper Sandler Lowers Endeavor Group (NYSE:EDR) Price Target to $30.00

Endeavor Group (NYSE:EDRGet Rating) had its price objective cut by investment analysts at Piper Sandler from $37.00 to $30.00 in a research note issued to investors on Friday, The Fly reports.

Several other equities research analysts have also issued reports on the stock. Morgan Stanley reduced their price objective on shares of Endeavor Group from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, March 30th. Barclays reduced their price objective on shares of Endeavor Group from $32.00 to $27.00 in a research note on Thursday, May 5th. Citigroup reduced their price objective on shares of Endeavor Group from $34.00 to $25.00 in a research note on Wednesday, May 4th. Zacks Investment Research raised shares of Endeavor Group from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Thursday, March 3rd. Finally, Credit Suisse Group lifted their price objective on shares of Endeavor Group from $37.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, March 14th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Endeavor Group presently has a consensus rating of “Buy” and an average price target of 34.57.

Endeavor Group stock opened at 18.34 on Friday. The company’s fifty day simple moving average is 26.32 and its 200-day simple moving average is 28.86. 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 has a 12 month low of 17.42 and a 12 month high of 35.28.

Endeavor Group (NYSE:EDRGet Rating) last posted its quarterly earnings results on Wednesday, March 16th. The company reported 0.34 EPS for the quarter, beating the consensus estimate of 0.17 by 0.17. Endeavor Group had a negative net margin of 6.33% and a positive return on equity of 9.36%. The business had revenue of 1.51 billion for the quarter, compared to analysts’ expectations of 1.36 billion. On average, analysts forecast that Endeavor Group will post 1.58 EPS for the current year.

In related news, CEO Ariel Emanuel sold 391,989 shares of the firm’s stock in a transaction on Thursday, May 5th. The stock was sold at an average price of 19.62, for a total value of 7,690,824.18. Following the completion of the transaction, the chief executive officer now directly owns 1,768,764 shares of the company’s stock, valued at 34,703,149.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Mark S. Shapiro sold 83,918 shares of Endeavor Group stock in a transaction on Thursday, May 5th. The stock was sold at an average price of 19.42, for a total transaction of 1,629,687.56. Following the sale, the president now owns 160,739 shares in the company, valued at approximately 3,121,551.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 518,510 shares of company stock valued at $10,138,695. Company insiders own 0.60% of the company’s stock.

Large investors have recently bought and sold shares of the stock. CIBC Asset Management Inc boosted its position in Endeavor Group by 2.3% in the fourth quarter. CIBC Asset Management Inc now owns 28,070 shares of the company’s stock valued at $979,000 after buying an additional 622 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Endeavor Group by 14.8% in the third quarter. PNC Financial Services Group Inc. now owns 5,666 shares of the company’s stock valued at $163,000 after buying an additional 730 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Endeavor Group by 38.5% in the fourth quarter. Citigroup Inc. now owns 4,579 shares of the company’s stock valued at $160,000 after buying an additional 1,273 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Endeavor Group by 10.7% in the first quarter. GSA Capital Partners LLP now owns 15,394 shares of the company’s stock valued at $454,000 after buying an additional 1,487 shares during the last quarter. Finally, Private Capital Group LLC raised its holdings in shares of Endeavor Group by 6,250.0% in the first quarter. Private Capital Group LLC now owns 1,524 shares of the company’s stock valued at $45,000 after buying an additional 1,500 shares during the last quarter. 52.95% of the stock is owned by hedge funds and other institutional investors.

About Endeavor Group (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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