StockNews.com Downgrades Endeavor Group (NYSE:EDR) to Hold

Endeavor Group (NYSE:EDRGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Other research analysts have also recently issued reports about the company. Morgan Stanley reduced their price objective on Endeavor Group from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, March 30th. Zacks Investment Research upgraded 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. Barclays reduced their price target on Endeavor Group from $32.00 to $27.00 in a research report on Thursday, May 5th. Credit Suisse Group lifted their price target on Endeavor Group from $37.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, March 14th. Finally, Piper Sandler lifted their price target on Endeavor Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, March 17th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of 34.64.

Shares of NYSE:EDR opened at 19.30 on Thursday. Endeavor Group has a 52-week low of 17.42 and a 52-week 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. The business has a 50-day moving average price of 26.03 and a 200-day moving average price of 28.76.

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

In other news, insider Seth D. Krauss sold 4,284 shares of Endeavor Group stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of 19.08, for a total value of 81,738.72. Following the sale, the insider now directly owns 28,880 shares of the company’s stock, valued at 551,030.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William K. Fullerton sold 7,479 shares of Endeavor Group stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of 19.09, for a total value of 142,774.11. Following the completion of the sale, the chief accounting officer now directly owns 55,470 shares in the company, valued at 1,058,922.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 518,510 shares of company stock worth $10,138,695. 0.60% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Stonnington Group LLC boosted its stake in Endeavor Group by 766.7% during the fourth quarter. Stonnington Group LLC now owns 91,000 shares of the company’s stock worth $2,947,000 after buying an additional 80,500 shares during the last quarter. Capital World Investors boosted its stake in Endeavor Group by 13.4% during the third quarter. Capital World Investors now owns 9,504,365 shares of the company’s stock worth $272,490,000 after buying an additional 1,122,486 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in Endeavor Group during the fourth quarter worth $4,012,000. PNC Financial Services Group Inc. boosted its stake in Endeavor Group by 14.8% during the third quarter. PNC Financial Services Group Inc. now owns 5,666 shares of the company’s stock worth $163,000 after buying an additional 730 shares during the last quarter. Finally, ARK Investment Management LLC acquired a new position in Endeavor Group during the fourth quarter worth $15,453,000. 52.95% of the stock is currently 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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Analyst Recommendations for Endeavor Group (NYSE:EDR)

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