StockNews.com Initiates Coverage on Endeavor Group (NYSE:EDR)

StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDR) in a research report issued on Monday. The brokerage set a “hold” rating on the stock.

Several other equities analysts have also recently issued reports on EDR. UBS Group reissued a “neutral” rating and set a $27.50 target price (down from $31.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Piper Sandler cut Endeavor Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 13th. Evercore ISI reaffirmed an “in-line” rating and issued a $27.50 price objective (down previously from $28.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. TD Cowen increased their price target on Endeavor Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $27.50 price objective (down from $30.00) on shares of Endeavor Group in a research note on Friday, April 5th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.89.

Endeavor Group Trading Up 0.1 %

Shares of Endeavor Group stock opened at $26.87 on Monday. The business has a fifty day simple moving average of $26.65 and a two-hundred day simple moving average of $25.28. 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 $18.62 billion, a price-to-earnings ratio of 48.86 and a beta of 0.78. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16.

Endeavor Group (NYSE:EDR) last released its earnings results on Thursday, May 9th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.50. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Endeavor Group had a return on equity of 2.86% and a net margin of 3.40%. Research analysts forecast that Endeavor Group will post 1.4 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Patrick Whitesell acquired 1,642,970 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was acquired at an average cost of $89.01 per share, for a total transaction of $146,240,759.70. Following the completion of the acquisition, the insider now directly owns 1,642,970 shares of the company’s stock, valued at approximately $146,240,759.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Patrick Whitesell bought 1,642,970 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was bought at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the transaction, the insider now directly owns 1,642,970 shares in the company, valued at $146,240,759.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO William K. Fullerton sold 6,750 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $26.51, for a total transaction of $178,942.50. Following the transaction, the chief accounting officer now owns 46,600 shares in the company, valued at approximately $1,235,366. The disclosure for this sale can be found here. Insiders have sold a total of 69,246 shares of company stock worth $1,843,419 over the last quarter. 63.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Endeavor Group

Institutional investors have recently modified their holdings of the business. Mubadala Investment Co PJSC acquired a new position in shares of Endeavor Group in the fourth quarter valued at about $52,983,000. Kodai Capital Management LP acquired a new stake in shares of Endeavor Group during the 4th quarter worth approximately $24,037,000. National Bank of Canada FI acquired a new stake in shares of Endeavor Group during the 4th quarter worth approximately $23,345,000. Owl Creek Asset Management L.P. acquired a new stake in shares of Endeavor Group during the 4th quarter worth approximately $22,419,000. Finally, KRYGER CAPITAL Ltd acquired a new stake in shares of Endeavor Group during the 1st quarter worth approximately $13,591,000. Institutional investors and hedge funds 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.