Endeavor Group Holdings, Inc. (NYSE:EDR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR – Get Rating) have received a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $30.89.

Several brokerages have recently issued reports on EDR. StockNews.com downgraded shares of Endeavor Group from a “buy” rating to a “hold” rating in a report on Friday, May 12th. Guggenheim assumed coverage on shares of Endeavor Group in a research report on Monday, May 1st. They issued a “buy” rating and a $33.00 price target on the stock. Credit Suisse Group boosted their target price on shares of Endeavor Group from $30.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, April 17th. Morgan Stanley increased their price target on Endeavor Group from $30.00 to $32.00 in a report on Monday, May 8th. Finally, Piper Sandler increased their price target on Endeavor Group from $30.00 to $33.00 in a report on Wednesday, May 10th.

Insiders Place Their Bets

In other Endeavor Group news, CFO Jason Lublin sold 12,562 shares of the stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $22.20, for a total value of $278,876.40. Following the sale, the chief financial officer now directly owns 23,693 shares in the company, valued at approximately $525,984.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Jason Lublin sold 12,562 shares of the company’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $22.20, for a total value of $278,876.40. Following the completion of the transaction, the chief financial officer now directly owns 23,693 shares in the company, valued at approximately $525,984.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Mark S. Shapiro sold 15,995 shares of the firm’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $22.21, for a total value of $355,248.95. Following the transaction, the president now directly owns 28,317 shares in the company, valued at $628,920.57. The disclosure for this sale can be found here. Insiders sold 369,006 shares of company stock worth $9,040,467 over the last quarter. 84.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Endeavor Group

Several institutional investors and hedge funds have recently bought and sold shares of EDR. Raymond James & Associates lifted its position in Endeavor Group by 20.9% during the first quarter. Raymond James & Associates now owns 52,291 shares of the company’s stock valued at $1,544,000 after buying an additional 9,034 shares during the period. BlackRock Inc. increased its position in shares of Endeavor Group by 2,528.7% during the 1st quarter. BlackRock Inc. now owns 22,423 shares of the company’s stock valued at $663,000 after purchasing an additional 21,570 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Endeavor Group during the 1st quarter valued at $475,000. Vanguard Group Inc. lifted its holdings in Endeavor Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 10,031,273 shares of the company’s stock valued at $296,123,000 after purchasing an additional 70,123 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of Endeavor Group by 10.3% in the first quarter. Clearbridge Investments LLC now owns 2,512,064 shares of the company’s stock worth $74,156,000 after purchasing an additional 233,683 shares during the period. 36.31% of the stock is currently owned by institutional investors.

Endeavor Group Stock Performance

NYSE:EDR opened at $23.47 on Friday. The stock has a 50 day simple moving average of $23.91 and a 200 day simple moving average of $22.46. The stock has a market cap of $16.46 billion, a P/E ratio of -36.67, a PEG ratio of 0.94 and a beta of 0.90. Endeavor Group has a 1-year low of $18.58 and a 1-year high of $26.26. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.61.

Endeavor Group (NYSE:EDR – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.39). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.28 billion. Endeavor Group had a positive return on equity of 6.37% and a negative net margin of 3.38%. Research analysts anticipate that Endeavor Group will post 0.99 earnings per share for the current year.

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.