Endeavor Group Holdings, Inc. (NYSE:EDR) Given Consensus Recommendation of “Buy” by Analysts

Shares of Endeavor Group Holdings, Inc. (NYSE:EDRGet Rating) have been assigned a consensus rating of “Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have covered the stock in the last year is 30.70.

EDR has been the subject of several research analyst reports. StockNews.com raised shares of Endeavor Group from a “hold” rating to a “buy” rating in a report on Saturday, November 19th. Credit Suisse Group reduced their target price on shares of Endeavor Group from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, October 14th.

Endeavor Group Trading Down 1.5 %

Shares of Endeavor Group stock opened at 21.40 on Friday. Endeavor Group has a 12-month low of 17.42 and a 12-month high of 33.44. The stock has a market cap of $15.03 billion, a P/E ratio of 18.77, a P/E/G ratio of 0.42 and a beta of 0.92. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.68. The business’s 50 day moving average is 21.42 and its 200-day moving average is 21.92.

Endeavor Group (NYSE:EDRGet Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported 0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of 0.34 by 0.04. Endeavor Group had a return on equity of 14.26% and a net margin of 5.73%. The business had revenue of 1.22 billion during the quarter, compared to the consensus estimate of 1.24 billion. Equities research analysts predict that Endeavor Group will post 0.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Endeavor Group news, insider Seth D. Krauss sold 2,452 shares of Endeavor Group stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of 21.84, for a total value of 53,551.68. Following the completion of the sale, the insider now owns 31,057 shares in the company, valued at approximately 678,284.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO William K. Fullerton sold 13,853 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of 21.62, for a total value of 299,501.86. Following the completion of the transaction, the chief accounting officer now directly owns 67,535 shares in the company, valued at approximately 1,460,106.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Seth D. Krauss sold 2,452 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of 21.84, for a total transaction of 53,551.68. Following the completion of the transaction, the insider now owns 31,057 shares of the company’s stock, valued at 678,284.88. The disclosure for this sale can be found here. Insiders sold 610,820 shares of company stock worth $13,470,819 in the last quarter. 84.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Endeavor Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its position in shares of Endeavor Group by 9.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,119 shares of the company’s stock valued at $229,000 after buying an additional 919 shares in the last quarter. Arizona State Retirement System raised its position in shares of Endeavor Group by 6.0% in the 3rd quarter. Arizona State Retirement System now owns 23,155 shares of the company’s stock valued at $469,000 after buying an additional 1,319 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Endeavor Group by 10.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,975 shares of the company’s stock valued at $431,000 after buying an additional 2,053 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Endeavor Group by 9.3% in the 3rd quarter. Two Sigma Advisers LP now owns 29,300 shares of the company’s stock valued at $594,000 after buying an additional 2,500 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Endeavor Group by 11.1% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,250 shares of the company’s stock valued at $512,000 after buying an additional 2,516 shares in the last quarter. 36.31% of the stock is currently owned by institutional investors and hedge funds.

Endeavor Group Company Profile

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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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