Endeavor Group (NYSE:EDR) Price Target Raised to $30.00

Endeavor Group (NYSE:EDR) had its target price boosted by TD Cowen from $28.00 to $30.00 in a research report report published on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.

Separately, StockNews.com cut Endeavor Group from a hold rating to a sell rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $32.33.

Endeavor Group Price Performance

EDR opened at $25.50 on Monday. The business has a fifty day moving average of $24.61 and a 200 day moving average of $23.23. Endeavor Group has a 52-week low of $17.65 and a 52-week high of $26.26. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The stock has a market cap of $17.65 billion, a P/E ratio of 24.51, a PEG ratio of 3.77 and a beta of 0.81.

Endeavor Group (NYSE:EDR) last issued its earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.55 billion. As a group, sell-side analysts anticipate that Endeavor Group will post 0.38 EPS for the current year.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, March 14th. Endeavor Group’s dividend payout ratio is presently 23.08%.

Insider Transactions at Endeavor Group

In related news, CAO William K. Fullerton sold 1,148 shares of Endeavor Group stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $23.22, for a total transaction of $26,656.56. Following the completion of the transaction, the chief accounting officer now directly owns 82,394 shares in the company, valued at $1,913,188.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO William K. Fullerton sold 1,148 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $23.22, for a total value of $26,656.56. Following the sale, the chief accounting officer now owns 82,394 shares in the company, valued at approximately $1,913,188.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $25.47, for a total transaction of $530,591.04. Following the completion of the sale, the chief financial officer now directly owns 55,705 shares in the company, valued at approximately $1,418,806.35. The disclosure for this sale can be found here. Insiders sold a total of 186,188 shares of company stock worth $4,518,531 over the last three months. 82.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Endeavor Group

A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in shares of Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after acquiring an additional 399 shares during the last quarter. Quilter Plc purchased a new position in Endeavor Group in the 1st quarter valued at $421,032,000. Citigroup Inc. grew its position in Endeavor Group by 14.6% in the 4th quarter. Citigroup Inc. now owns 3,878 shares of the company’s stock valued at $87,000 after buying an additional 493 shares during the last quarter. Cerity Partners LLC grew its position in Endeavor Group by 5.2% in the 4th quarter. Cerity Partners LLC now owns 11,832 shares of the company’s stock valued at $281,000 after buying an additional 590 shares during the last quarter. Finally, Steph & Co. grew its position in Endeavor Group by 5.1% in the 3rd quarter. Steph & Co. now owns 12,088 shares of the company’s stock valued at $241,000 after buying an additional 591 shares during the last quarter. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

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.