Analysts Set Endeavor Group Holdings, Inc. (NYSE:EDR) PT at $29.30

Endeavor Group Holdings, Inc. (NYSE:EDR) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $29.30.

EDR has been the topic of several analyst reports. TD Cowen increased their target price on Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Jefferies Financial Group restated a “hold” rating and issued a $27.50 target price (down from $29.00) on shares of Endeavor Group in a research report on Thursday, April 4th. UBS Group reissued a “neutral” rating and issued a $27.50 price objective (down from $31.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. StockNews.com initiated coverage on Endeavor Group in a research note on Tuesday. They set a “hold” rating for the company. Finally, Guggenheim reissued a “neutral” rating and set a $27.50 price target (down previously from $36.00) on shares of Endeavor Group in a report on Wednesday, April 3rd.

Insider Transactions at Endeavor Group

In related news, CAO William K. Fullerton sold 6,750 shares of Endeavor Group stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $26.51, for a total value of $178,942.50. Following the completion of the transaction, the chief accounting officer now directly owns 46,600 shares in the company, valued at approximately $1,235,366. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO William K. Fullerton sold 6,750 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $26.51, for a total value of $178,942.50. Following the completion of the transaction, the chief accounting officer now directly owns 46,600 shares in the company, valued at $1,235,366. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Seth D. Krauss sold 17,950 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total transaction of $432,236.00. Following the completion of the transaction, the chief accounting officer now directly owns 62,055 shares of the company’s stock, valued at $1,494,284.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 183,383 shares of company stock worth $4,496,219. 82.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Lindbrook Capital LLC grew its holdings in Endeavor Group by 200.2% in the 4th quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock worth $37,000 after acquiring an additional 1,027 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after purchasing an additional 399 shares during the period. Quest Partners LLC bought a new stake in shares of Endeavor Group in the fourth quarter worth about $177,000. Harbour Capital Advisors LLC purchased a new position in Endeavor Group during the 1st quarter valued at about $267,000. Finally, Exchange Traded Concepts LLC bought a new position in Endeavor Group during the 3rd quarter valued at approximately $215,000. 71.37% of the stock is owned by hedge funds and other institutional investors.

Endeavor Group Price Performance

EDR opened at $26.47 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $25.65 and its 200 day simple moving average is $24.44. Endeavor Group has a 1-year low of $17.65 and a 1-year high of $26.63. The stock has a market cap of $18.33 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.93 and a beta of 0.79.

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

Endeavor Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 14th. Endeavor Group’s dividend payout ratio is currently 23.08%.

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.