Endeavor Group (NYSE:EDR) Given Neutral Rating at Guggenheim

Guggenheim reissued their neutral rating on shares of Endeavor Group (NYSE:EDRFree Report) in a report issued on Wednesday, Benzinga reports. They currently have a $27.50 price objective on the stock, down from their previous price objective of $36.00.

A number of other equities research analysts have also recently issued reports on the company. TD Cowen upped their target price on Endeavor Group from $28.00 to $30.00 and gave the stock an outperform rating in a research report on Monday, March 25th. StockNews.com cut Endeavor Group from a hold rating to a sell rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $30.44.

View Our Latest Stock Analysis on EDR

Endeavor Group Trading Up 1.5 %

Shares of NYSE EDR opened at $26.20 on Wednesday. The stock has a market cap of $18.14 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.55 and a beta of 0.82. The business has a 50 day simple moving average of $24.74 and a 200 day simple moving average of $23.38. Endeavor Group has a 52 week low of $17.65 and a 52 week high of $26.32. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24.

Endeavor Group (NYSE:EDRGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. On average, research analysts predict that Endeavor Group will post 0.9 earnings per share for the current fiscal year.

Endeavor Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.06 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.92%. Endeavor Group’s dividend payout ratio is 23.08%.

Insider Activity

In other news, insider Mark S. Shapiro sold 70,600 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $1,700,048.00. Following the completion of the sale, the insider now directly owns 81,460 shares of the company’s stock, valued at $1,961,556.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Mark S. Shapiro sold 70,600 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $1,700,048.00. Following the completion of the sale, the insider now directly owns 81,460 shares of the company’s stock, valued at $1,961,556.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO William K. Fullerton sold 1,148 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $23.22, for a total value of $26,656.56. Following the completion of the transaction, the chief accounting officer now owns 82,394 shares of the company’s stock, valued at $1,913,188.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 177,781 shares of company stock valued at $4,322,060. 82.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Advisory Services Network LLC raised its stake in shares of Endeavor Group by 134.2% in the first quarter. Advisory Services Network LLC now owns 1,150 shares of the company’s stock valued at $28,000 after purchasing an additional 659 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Endeavor Group by 200.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after purchasing an additional 1,027 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in Endeavor Group during the fourth quarter worth $52,000. ADAR1 Capital Management LLC acquired a new position in Endeavor Group during the fourth quarter worth $59,000. Finally, Ossiam acquired a new position in Endeavor Group during the first quarter worth $60,000. 71.37% of the stock is currently owned by institutional investors and hedge funds.

Endeavor Group Company Profile

(Get Free Report)

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.

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Analyst Recommendations for Endeavor Group (NYSE:EDR)

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