TKO Group (NYSE:TKO) Receives Buy Rating from The Goldman Sachs Group

TKO Group (NYSE:TKO)‘s stock had its “buy” rating reaffirmed by stock analysts at The Goldman Sachs Group in a note issued to investors on Thursday, Benzinga reports. They presently have a $132.00 target price on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 14.93% from the company’s previous close.

Several other brokerages have also weighed in on TKO. Morgan Stanley increased their target price on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Roth Mkm increased their target price on TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. raised their price target on TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Redburn Atlantic started coverage on TKO Group in a report on Thursday, July 18th. They set a “buy” rating and a $129.00 price target on the stock. Finally, TD Cowen raised their price target on TKO Group from $127.00 to $140.00 and gave the company a “buy” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, TKO Group presently has an average rating of “Moderate Buy” and a consensus target price of $124.07.

TKO Group Stock Performance

Shares of TKO stock traded up $1.16 on Thursday, hitting $114.85. 217,073 shares of the stock traded hands, compared to its average volume of 1,079,556. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $19.56 billion, a PE ratio of -113.40 and a beta of 1.04. TKO Group has a 1-year low of $72.33 and a 1-year high of $120.70. The company’s fifty day moving average is $112.88 and its 200 day moving average is $102.53.

TKO Group (NYSE:TKO) last issued its earnings results on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.10). TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The company had revenue of $851.20 million during the quarter, compared to analyst estimates of $771.54 million. During the same period in the prior year, the business earned $0.91 earnings per share. TKO Group’s quarterly revenue was up 178.9% on a year-over-year basis. On average, equities research analysts predict that TKO Group will post 4.17 earnings per share for the current fiscal year.

Insider Activity at TKO Group

In related news, Director Nick Khan sold 22,693 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the completion of the transaction, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 53.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

A number of institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in TKO Group during the 2nd quarter worth about $524,000. Clearbridge Investments LLC boosted its position in TKO Group by 9.5% during the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock worth $194,467,000 after acquiring an additional 155,940 shares during the period. Truist Financial Corp boosted its position in TKO Group by 4.9% during the 2nd quarter. Truist Financial Corp now owns 5,278 shares of the company’s stock worth $570,000 after acquiring an additional 248 shares during the period. Quarry LP acquired a new stake in TKO Group during the 2nd quarter worth about $51,000. Finally, Creative Planning boosted its position in TKO Group by 8.9% during the 2nd quarter. Creative Planning now owns 9,985 shares of the company’s stock worth $1,078,000 after acquiring an additional 816 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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.