TD Cowen Forecasts Strong Price Appreciation for TKO Group (NYSE:TKO) Stock

TKO Group (NYSE:TKO) had its price target hoisted by research analysts at TD Cowen from $245.00 to $250.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 24.23% from the company’s current price.

Several other research analysts also recently weighed in on the stock. UBS Group lifted their target price on shares of TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Weiss Ratings restated a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. BTIG Research decreased their price objective on shares of TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Pivotal Research lifted their price objective on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Roth Mkm restated a “buy” rating and issued a $240.00 target price on shares of TKO Group in a report on Thursday, February 12th. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.73.

TKO Group Stock Down 0.4%

Shares of TKO Group stock opened at $201.24 on Wednesday. TKO Group has a 1-year low of $133.07 and a 1-year high of $226.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $39.06 billion, a P/E ratio of 89.44 and a beta of 0.66. The business’s fifty day moving average price is $206.83 and its two-hundred day moving average price is $199.21.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.20). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 EPS. As a group, research analysts forecast that TKO Group will post 3.88 EPS for the current year.

Insider Buying and Selling

In related news, Director Nick Khan sold 9,518 shares of TKO Group stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $220.29, for a total transaction of $2,096,720.22. Following the completion of the sale, the director owned 110,048 shares of the company’s stock, valued at approximately $24,242,473.92. This trade represents a 7.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shane Kapral sold 254 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $199.15, for a total value of $50,584.10. Following the completion of the transaction, the chief financial officer owned 99 shares in the company, valued at $19,715.85. This trade represents a 71.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 169,563 shares of company stock worth $34,641,917. Corporate insiders own 61.30% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Several large investors have recently made changes to their positions in the company. Somerset Trust Co raised its position in TKO Group by 2.5% during the third quarter. Somerset Trust Co now owns 2,155 shares of the company’s stock valued at $435,000 after acquiring an additional 53 shares in the last quarter. CWM LLC grew its position in TKO Group by 7.3% in the third quarter. CWM LLC now owns 796 shares of the company’s stock worth $161,000 after acquiring an additional 54 shares in the last quarter. CreativeOne Wealth LLC increased its stake in shares of TKO Group by 2.1% during the 4th quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company’s stock worth $541,000 after purchasing an additional 54 shares during the last quarter. Frank Rimerman Advisors LLC raised its holdings in shares of TKO Group by 3.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock valued at $373,000 after purchasing an additional 56 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of TKO Group by 2.7% during the 4th quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock valued at $451,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

About TKO Group

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.