Endeavor Group Holdings, Inc. (NYSE:EDR) Receives $29.30 Average Price Target from Analysts

Endeavor Group Holdings, Inc. (NYSE:EDR) has earned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $29.30.

A number of research analysts have weighed in on EDR shares. StockNews.com started coverage on shares of Endeavor Group in a research note on Monday, April 29th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $27.50 price target (down from $30.00) on shares of Endeavor Group in a research note on Friday, April 5th. TD Cowen upped their price target on shares of Endeavor Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Evercore ISI restated an “in-line” rating and set a $27.50 price target (down from $28.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Finally, UBS Group restated a “neutral” rating and set a $27.50 price target (down from $31.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd.

Endeavor Group Price Performance

EDR opened at $26.50 on Friday. The firm has a market cap of $18.35 billion, a P/E ratio of 25.48, a PEG ratio of 1.93 and a beta of 0.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $26.63. The firm has a 50-day moving average of $25.59 and a 200 day moving average of $24.38.

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

Endeavor Group Dividend Announcement

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

Insider Transactions at Endeavor Group

In other news, insider Mark S. Shapiro sold 70,600 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total value of $1,700,048.00. Following the transaction, the insider now owns 81,460 shares of the company’s stock, valued at approximately $1,961,556.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Mark S. Shapiro sold 70,600 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total transaction of $1,700,048.00. Following the transaction, the insider now owns 81,460 shares of the company’s stock, valued at approximately $1,961,556.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Patrick Whitesell bought 1,642,970 shares of Endeavor Group stock in a transaction that occurred on Tuesday, April 9th. The shares were acquired at an average cost of $89.01 per share, for a total transaction of $146,240,759.70. Following the acquisition, the insider now owns 1,642,970 shares in the company, valued at approximately $146,240,759.70. The disclosure for this purchase can be found here. Insiders have sold 176,633 shares of company stock valued at $4,317,277 in the last quarter. Insiders own 82.08% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC purchased a new stake in shares of Endeavor Group during the third quarter worth about $215,000. Handelsbanken Fonder AB lifted its holdings in Endeavor Group by 41.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 34,100 shares of the company’s stock worth $679,000 after buying an additional 10,000 shares during the period. Raymond James & Associates grew its position in shares of Endeavor Group by 7.3% in the 3rd quarter. Raymond James & Associates now owns 97,601 shares of the company’s stock worth $1,942,000 after buying an additional 6,668 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Endeavor Group by 10.3% during the third quarter. Bank of New York Mellon Corp now owns 281,396 shares of the company’s stock valued at $5,600,000 after buying an additional 26,178 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Endeavor Group by 30.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,083 shares of the company’s stock valued at $658,000 after acquiring an additional 7,656 shares in the last quarter. 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.