Endeavor Group (NYSE:EDR) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a report released on Tuesday. The firm set a “hold” rating on the stock.

EDR has been the topic of several other research reports. 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 report on Wednesday, April 3rd. Evercore ISI reiterated an “in-line” rating and issued a $27.50 price objective (down from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Jefferies Financial Group reissued a “hold” rating and set a $27.50 price objective (down from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Seaport Res Ptn cut shares of Endeavor Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 2nd. Finally, 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 report on Monday, April 15th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $29.30.

Endeavor Group Stock Performance

Shares of NYSE:EDR opened at $26.46 on Tuesday. The business has a fifty day moving average of $25.59 and a 200-day moving average of $24.38. The firm has a market cap of $18.32 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 1.93 and a beta of 0.79. 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 has a twelve month low of $17.65 and a twelve month high of $26.63.

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

Insider Transactions at Endeavor Group

In related news, insider Mark S. Shapiro sold 70,600 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were 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 owns 81,460 shares in the company, valued at approximately $1,961,556.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Patrick Whitesell purchased 1,642,970 shares of Endeavor Group stock in a transaction dated Tuesday, April 9th. The stock was bought at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the completion of the acquisition, the insider now directly owns 1,642,970 shares of the company’s stock, valued at $146,240,759.70. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark S. Shapiro sold 70,600 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $1,700,048.00. Following the sale, the insider now owns 81,460 shares in the company, valued at $1,961,556.80. The disclosure for this sale can be found here. Insiders have sold a total of 176,633 shares of company stock valued at $4,317,277 over the last three months. 82.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Endeavor Group

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Endeavor Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock valued at $291,559,000 after purchasing an additional 254,550 shares in the last quarter. Morgan Stanley boosted its position in Endeavor Group by 3.8% during the 3rd quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock worth $244,340,000 after acquiring an additional 454,790 shares during the last quarter. FMR LLC grew its stake in shares of Endeavor Group by 3.7% during the 3rd quarter. FMR LLC now owns 5,145,883 shares of the company’s stock worth $102,403,000 after acquiring an additional 184,212 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Endeavor Group by 5.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,527,575 shares of the company’s stock worth $107,439,000 after purchasing an additional 226,724 shares in the last quarter. Finally, Dendur Capital LP increased its stake in Endeavor Group by 6.6% in the 3rd quarter. Dendur Capital LP now owns 3,612,000 shares of the company’s stock valued at $71,879,000 after buying an additional 225,000 shares during the last quarter. Institutional investors 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.