Endeavor Group Holdings, Inc. (NYSE:EDR) Given Consensus Rating of “Hold” by Analysts

Shares of Endeavor Group Holdings, Inc. (NYSE:EDRGet Free Report) have received an average rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $28.89.

EDR has been the subject of a number of research analyst reports. Jefferies Financial Group restated a “hold” rating and set a $27.50 price objective (down previously from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Seaport Res Ptn lowered Endeavor Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 2nd. Evercore ISI reissued an “in-line” rating and set a $27.50 target price (down previously from $28.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. JPMorgan Chase & Co. restated 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 shares of Endeavor Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $29.00 to $27.50 in a research note on Monday, April 15th.

Get Our Latest Research Report on Endeavor Group

Insider Activity

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

Hedge Funds Weigh In On Endeavor Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its holdings in shares of Endeavor Group by 200.2% during the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock worth $37,000 after buying an additional 1,027 shares in the last quarter. PNC Financial Services Group Inc. raised its position 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 valued at $76,000 after purchasing an additional 399 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Endeavor Group during the fourth quarter valued at about $177,000. Algert Global LLC acquired a new stake in shares of Endeavor Group during the third quarter valued at about $246,000. Finally, Qsemble Capital Management LP acquired a new position in shares of Endeavor Group in the fourth quarter valued at approximately $267,000. Institutional investors own 71.37% of the company’s stock.

Endeavor Group Trading Up 0.2 %

Shares of Endeavor Group stock opened at $26.77 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16. The business has a fifty day simple moving average of $26.28 and a two-hundred day simple moving average of $24.93. Endeavor Group has a 1 year low of $17.65 and a 1 year high of $27.01. The company has a market capitalization of $18.55 billion, a price-to-earnings ratio of 48.67, a P/E/G ratio of 1.95 and a beta of 0.79.

Endeavor Group (NYSE:EDRGet Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. Endeavor Group had a net margin of 3.40% and a return on equity of 2.86%. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Research analysts forecast that Endeavor Group will post 1.27 EPS for the current year.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.90%. Endeavor Group’s payout ratio is 43.64%.

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.

See Also

Analyst Recommendations for Endeavor Group (NYSE:EDR)

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