StockNews.com Begins Coverage on Endeavor Group (NYSE:EDR)

Equities research analysts at StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a research note issued on Monday. The brokerage set a “hold” rating on the stock.

Other analysts have also recently issued reports about the stock. Guggenheim restated a “neutral” rating and set a $27.50 price target (down from $36.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Evercore ISI restated an “in-line” rating and set a $27.50 price target (down from $28.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Seaport Res Ptn cut shares of Endeavor Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 2nd. Citigroup lowered shares of Endeavor Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $29.00 to $27.50 in a research report on Monday, April 15th. Finally, UBS Group reaffirmed a “neutral” rating and set a $27.50 price objective (down previously from $31.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.30.

Endeavor Group Stock Performance

Shares of EDR opened at $26.50 on Monday. Endeavor Group has a one year low of $17.65 and a one year high of $26.63. The company has a 50-day moving average of $25.36 and a two-hundred day moving average of $24.10. The stock has a market cap of $18.35 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 1.93 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.24.

Endeavor Group (NYSE:EDR) last announced its earnings results on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.55 billion. On average, equities research analysts expect that Endeavor Group will post 1.27 earnings per share for the current year.

Insider Activity

In other news, major shareholder Patrick Whitesell purchased 1,642,970 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were bought at an average price of $89.01 per share, with a total value of $146,240,759.70. Following the completion of the transaction, the insider now directly owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $26.52, for a total transaction of $552,464.64. Following the transaction, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,452,559.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Patrick Whitesell bought 1,642,970 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were bought at an average cost of $89.01 per share, for a total transaction of $146,240,759.70. Following the transaction, the insider now directly owns 1,642,970 shares of the company’s stock, valued at approximately $146,240,759.70. The disclosure for this purchase can be found here. Insiders have sold a total of 176,633 shares of company stock valued at $4,317,277 over the last 90 days. 82.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Endeavor Group

Institutional investors have recently bought and sold shares of the business. Morgan Stanley boosted its stake in Endeavor Group by 3.8% during the third quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock worth $244,340,000 after buying an additional 454,790 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Endeavor Group by 2.4% during the third quarter. Clearbridge Investments LLC now owns 4,300,851 shares of the company’s stock worth $85,587,000 after buying an additional 100,396 shares in the last quarter. Vanguard Group Inc. boosted its stake in Endeavor Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock worth $291,559,000 after buying an additional 254,550 shares in the last quarter. FMR LLC boosted its stake in shares of Endeavor Group by 3.7% in the 3rd quarter. FMR LLC now owns 5,145,883 shares of the company’s stock valued at $102,403,000 after purchasing an additional 184,212 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Endeavor Group by 10.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 281,396 shares of the company’s stock valued at $5,600,000 after purchasing an additional 26,178 shares in the last quarter. Institutional investors and hedge funds own 71.37% of the company’s stock.

Endeavor Group Company Profile

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.