Endeavor Group (NYSE:EDR) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a report issued on Thursday. The brokerage issued a hold rating on the stock.

EDR has been the topic of several other reports. Seaport Res Ptn downgraded Endeavor Group from a buy rating to a neutral rating in a report on Tuesday, April 2nd. Jefferies Financial Group reissued a hold rating and issued a $27.50 target price (down from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Piper Sandler downgraded Endeavor Group from a strong-buy rating to a hold rating in a report on Monday, May 13th. JPMorgan Chase & Co. reissued a neutral rating and issued a $27.50 target price (down from $30.00) on shares of Endeavor Group in a report on Friday, April 5th. Finally, Citigroup downgraded Endeavor Group from a buy rating to a neutral rating and dropped their target price for the stock from $29.00 to $27.50 in a report on Monday, April 15th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Endeavor Group currently has a consensus rating of Hold and a consensus target price of $28.75.

Endeavor Group Price Performance

Shares of EDR stock opened at $27.18 on Thursday. The stock has a market cap of $18.83 billion, a price-to-earnings ratio of 49.42 and a beta of 0.78. The business’s fifty day moving average is $26.93 and its 200 day moving average is $25.74. Endeavor Group has a twelve month low of $17.65 and a twelve month high of $27.62. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.50. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Endeavor Group had a return on equity of 2.86% and a net margin of 3.40%. Research analysts expect that Endeavor Group will post 1.4 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, June 14th. Endeavor Group’s dividend payout ratio (DPR) is currently 43.64%.

Insider Transactions at Endeavor Group

In other news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $26.51, for a total value of $552,256.32. Following the transaction, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,451,257.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $26.51, for a total value of $552,256.32. Following the transaction, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,451,257.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William K. Fullerton sold 6,750 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was 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 disclosure for this sale can be found here. Insiders have sold 48,414 shares of company stock valued at $1,290,955 over the last quarter. 63.90% of the stock is currently owned by company insiders.

Institutional Trading of Endeavor Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in EDR. Mubadala Investment Co PJSC bought a new stake in Endeavor Group during the 4th quarter valued at approximately $52,983,000. Kodai Capital Management LP bought a new stake in Endeavor Group during the 4th quarter valued at approximately $24,037,000. National Bank of Canada FI bought a new stake in Endeavor Group during the 4th quarter valued at approximately $23,345,000. Owl Creek Asset Management L.P. bought a new stake in Endeavor Group during the 4th quarter valued at approximately $22,419,000. Finally, KRYGER CAPITAL Ltd purchased a new position in Endeavor Group during the 1st quarter valued at approximately $13,591,000. Institutional investors own 71.37% of the company’s stock.

About Endeavor Group

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.