TKO Group (NYSE:TKO) Stock Price Expected to Rise, Guggenheim Analyst Says

TKO Group (NYSE:TKO) had its price objective upped by stock analysts at Guggenheim from $175.00 to $190.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Guggenheim’s target price points to a potential upside of 18.92% from the stock’s current price.

Other research analysts have also issued reports about the company. Pivotal Research restated a “buy” rating and set a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Benchmark reissued a “hold” rating on shares of TKO Group in a research report on Monday, March 3rd. The Goldman Sachs Group increased their price objective on shares of TKO Group from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Seaport Res Ptn raised shares of TKO Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley raised their price target on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average price target of $162.33.

TKO Group Stock Performance

NYSE TKO opened at $159.77 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group has a 1-year low of $98.99 and a 1-year high of $179.09. The firm has a market capitalization of $27.35 billion, a P/E ratio of -380.40 and a beta of 0.73. The business’s 50-day simple moving average is $151.47 and its 200-day simple moving average is $145.92.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company posted ($1.26) earnings per share. TKO Group’s revenue was up 3.8% compared to the same quarter last year. Equities analysts predict that TKO Group will post 3.88 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Patrick Whitesell acquired 156,446 shares of TKO Group stock in a transaction that occurred on Tuesday, February 11th. The shares were purchased at an average cost of $175.60 per share, for a total transaction of $27,471,917.60. Following the completion of the purchase, the insider now directly owns 2,461,668 shares of the company’s stock, valued at $432,268,900.80. This trade represents a 6.79 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ariel Emanuel acquired 117,769 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was acquired at an average cost of $175.40 per share, with a total value of $20,656,682.60. Following the acquisition, the chief executive officer now owns 2,579,437 shares of the company’s stock, valued at $452,433,249.80. This trade represents a 4.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 414,204 shares of company stock valued at $71,689,438 in the last quarter. Insiders own 53.80% of the company’s stock.

Hedge Funds Weigh In On TKO Group

A number of large investors have recently bought and sold shares of TKO. Principal Financial Group Inc. raised its position in shares of TKO Group by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,246,338 shares of the company’s stock worth $154,185,000 after purchasing an additional 13,148 shares during the period. First Hawaiian Bank increased its position in TKO Group by 4.0% in the fourth quarter. First Hawaiian Bank now owns 3,618 shares of the company’s stock worth $514,000 after buying an additional 138 shares during the period. Harbour Capital Advisors LLC lifted its stake in TKO Group by 2.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 10,555 shares of the company’s stock valued at $1,503,000 after buying an additional 243 shares during the last quarter. MRA Advisory Group acquired a new position in shares of TKO Group during the fourth quarter valued at $211,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of TKO Group during the fourth quarter worth about $3,383,000. Institutional investors own 89.79% of the company’s stock.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.