TKO Group (NYSE:TKO) Stock Rating Upgraded by Zacks Research

TKO Group (NYSE:TKO) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on TKO. Sanford C. Bernstein increased their target price on shares of TKO Group from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Roth Mkm reiterated a “buy” rating and issued a $240.00 target price on shares of TKO Group in a research report on Thursday, February 12th. UBS Group increased their target price on shares of TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Citizens Jmp initiated coverage on shares of TKO Group in a research report on Monday, March 30th. They issued a “mkt outperform” rating and a $240.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of TKO Group in a research report on Monday, December 29th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $232.25.

TKO Group Price Performance

Shares of NYSE TKO opened at $192.96 on Monday. The firm has a 50-day simple moving average of $204.33 and a 200-day simple moving average of $199.57. The stock has a market capitalization of $37.46 billion, a price-to-earnings ratio of 85.76 and a beta of 0.69. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.43. TKO Group has a 52 week low of $136.11 and a 52 week high of $226.94.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. TKO Group’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. On average, equities analysts predict that TKO Group will post 3.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Nick Khan sold 9,518 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $198.59, for a total transaction of $1,890,179.62. Following the completion of the sale, the director directly owned 100,618 shares in the company, valued at approximately $19,981,728.62. This trade represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Seth D. Krauss sold 2,271 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $200.71, for a total transaction of $455,812.41. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 91,187 shares of company stock worth $18,556,295. Insiders own 61.30% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after purchasing an additional 887,401 shares during the last quarter. Ninety One UK Ltd increased its position in TKO Group by 0.8% during the fourth quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock worth $1,046,287,000 after purchasing an additional 42,156 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in TKO Group by 54.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock worth $665,826,000 after purchasing an additional 1,128,749 shares during the last quarter. XN LP increased its position in TKO Group by 6.3% during the fourth quarter. XN LP now owns 2,866,943 shares of the company’s stock worth $599,191,000 after purchasing an additional 169,574 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in TKO Group by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock worth $496,008,000 after purchasing an additional 395,040 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Company Profile

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.