Endeavor Group (NYSE:EDR) Downgraded by StockNews.com to “Hold”

Endeavor Group (NYSE:EDR – Get Rating) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other equities research analysts have also recently issued research reports about the company. Piper Sandler upped their price target on Endeavor Group from $30.00 to $33.00 in a research note on Wednesday. Guggenheim began coverage on Endeavor Group in a research note on Monday, May 1st. They set a “buy” rating and a $33.00 price target for the company. Credit Suisse Group upped their price target on Endeavor Group from $30.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, April 17th. Finally, Morgan Stanley increased their price objective on Endeavor Group from $30.00 to $32.00 in a research report on Monday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Endeavor Group currently has an average rating of “Moderate Buy” and an average price target of $30.91.

Endeavor Group Price Performance

EDR stock opened at $23.50 on Friday. The company has a market capitalization of $16.48 billion, a P/E ratio of -36.72, a PEG ratio of 0.93 and a beta of 0.90. Endeavor Group has a twelve month low of $17.67 and a twelve month high of $26.26. The business has a 50 day simple moving average of $23.91 and a 200-day simple moving average of $22.40. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66.

Endeavor Group (NYSE:EDR – Get Rating) last released its quarterly earnings results on Tuesday, February 28th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.39). Endeavor Group had a return on equity of 10.03% and a net margin of 2.45%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.28 billion. As a group, equities analysts anticipate that Endeavor Group will post 0.99 EPS for the current year.

Insider Activity

In other news, President Mark S. Shapiro sold 15,995 shares of the firm’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $22.21, for a total value of $355,248.95. Following the completion of the transaction, the president now owns 28,317 shares in the company, valued at $628,920.57. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Ariel Emanuel sold 300,000 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $24.66, for a total transaction of $7,398,000.00. Following the sale, the chief executive officer now owns 2,098,137 shares of the company’s stock, valued at $51,740,058.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Mark S. Shapiro sold 15,995 shares of the stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $22.21, for a total value of $355,248.95. Following the sale, the president now directly owns 28,317 shares in the company, valued at approximately $628,920.57. The disclosure for this sale can be found here. Insiders sold a total of 369,006 shares of company stock worth $9,040,467 over the last 90 days. 84.67% of the stock is currently owned by corporate insiders.

Institutional Trading of Endeavor Group

Hedge funds have recently added to or reduced their stakes in the business. SouthState Corp acquired a new stake in Endeavor Group in the 4th quarter worth about $45,000. Advisors Asset Management Inc. acquired a new stake in Endeavor Group in the 4th quarter worth about $72,000. DekaBank Deutsche Girozentrale acquired a new stake in Endeavor Group in the 1st quarter worth about $75,000. Citigroup Inc. boosted its stake in Endeavor Group by 14.6% in the 4th quarter. Citigroup Inc. now owns 3,878 shares of the company’s stock worth $87,000 after buying an additional 493 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in Endeavor Group in the 4th quarter worth about $101,000. 36.31% of the stock is owned by institutional investors and hedge funds.

About Endeavor Group

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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.