Pivotal Research Issues Positive Forecast for TKO Group (NYSE:TKO) Stock Price

TKO Group (NYSE:TKO) had its price objective increased by Pivotal Research from $145.00 to $165.00 in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently commented on the company. Guggenheim upped their price objective on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Roth Mkm upped their price target on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their price objective on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. UBS Group boosted their price objective on shares of TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, TKO Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.43.

TKO Group Price Performance

TKO stock opened at $137.28 on Tuesday. The stock has a market cap of $23.44 billion, a PE ratio of -326.86 and a beta of 1.06. TKO Group has a 12 month low of $72.33 and a 12 month high of $139.09. The company has a 50-day moving average price of $123.63 and a 200 day moving average price of $115.03. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.28). The business had revenue of $681.20 million for the quarter, compared to analysts’ expectations of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The firm’s quarterly revenue was up 51.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. Equities research analysts anticipate that TKO Group will post 3.88 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $114.76, for a total value of $3,560,543.76. Following the transaction, the insider now directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. This trade represents a 42.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 53.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TKO Group

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. grew its stake in TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of TKO Group by 491.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after buying an additional 231 shares in the last quarter. MFA Wealth Advisors LLC purchased a new position in shares of TKO Group in the 2nd quarter worth approximately $36,000. Signaturefd LLC raised its stake in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares in the last quarter. Finally, Quarry LP purchased a new stake in TKO Group during the second quarter valued at approximately $51,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.