Endeavor Group (NYSE:EDR) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDRGet Free Report) in a report issued on Friday. The firm set a “hold” rating on the stock.

A number of other analysts have also issued reports on the stock. TD Cowen lifted their price target on shares of Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. UBS Group reissued a “neutral” rating and set a $27.50 price objective (down from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Guggenheim restated a “neutral” rating and issued a $27.50 target price (down previously from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $27.50 price target (down from $30.00) on shares of Endeavor Group in a research note on Friday, April 5th. Finally, Citigroup cut Endeavor Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $29.00 to $27.50 in a research note on Monday, April 15th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $28.89.

Check Out Our Latest Stock Report on EDR

Endeavor Group Price Performance

Shares of NYSE EDR opened at $26.76 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16. Endeavor Group has a 1 year low of $17.65 and a 1 year high of $27.01. The stock’s 50-day simple moving average is $26.38 and its 200-day simple moving average is $24.97. The firm has a market cap of $18.54 billion, a price-to-earnings ratio of 48.66, a PEG ratio of 1.94 and a beta of 0.79.

Endeavor Group (NYSE:EDRGet Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. Endeavor Group had a return on equity of 2.86% and a net margin of 3.40%. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.55 billion. As a group, equities analysts anticipate that Endeavor Group will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $24.71, for a total transaction of $514,758.72. Following the completion of the transaction, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,216,920.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Patrick Whitesell bought 1,642,970 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was purchased at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the transaction, the insider now owns 1,642,970 shares in the company, valued at $146,240,759.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $24.71, for a total value of $514,758.72. Following the sale, the chief financial officer now directly owns 130,187 shares in the company, valued at approximately $3,216,920.77. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,246 shares of company stock worth $1,798,422. 63.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Endeavor Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC boosted its position in Endeavor Group by 200.2% during 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 period. PNC Financial Services Group Inc. lifted its holdings in Endeavor Group by 14.2% in 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 position in Endeavor Group in the 4th quarter valued at about $177,000. Algert Global LLC bought a new stake in shares of Endeavor Group during the 3rd quarter worth about $246,000. Finally, Qsemble Capital Management LP acquired a new stake in shares of Endeavor Group in the 4th quarter worth approximately $267,000. 71.37% of the stock is owned by institutional investors.

About Endeavor Group

(Get Free Report)

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.

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Analyst Recommendations for Endeavor Group (NYSE:EDR)

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