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

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

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

Endeavor Group Stock Performance

Shares of NYSE:EDR opened at $25.74 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.24. The business’s fifty day moving average price is $24.67 and its two-hundred day moving average price is $23.25. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $26.26. The stock has a market capitalization of $17.82 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 3.77 and a beta of 0.81.

Endeavor Group (NYSE:EDR) last issued its quarterly earnings results 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 net margin of 5.98% and a return on equity of 1.05%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.55 billion. As a group, analysts predict that Endeavor Group will post 0.38 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, March 14th. Endeavor Group’s payout ratio is 23.08%.

Insider Buying and Selling

In other news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $24.71, for a total value of $514,758.72. Following the completion of the transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,216,920.77. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $24.71, for a total value of $514,758.72. Following the completion of the sale, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at $3,216,920.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO William K. Fullerton sold 1,148 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $23.22, for a total transaction of $26,656.56. Following the completion of the sale, the chief accounting officer now owns 82,394 shares of the company’s stock, valued at approximately $1,913,188.68. The disclosure for this sale can be found here. Insiders have sold a total of 186,188 shares of company stock worth $4,518,531 in the last ninety days. Company insiders own 82.08% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC boosted its holdings in Endeavor Group by 134.2% in the 1st quarter. Advisory Services Network LLC now owns 1,150 shares of the company’s stock worth $28,000 after buying an additional 659 shares during the period. Covestor Ltd bought a new stake in Endeavor Group during the 2nd quarter worth approximately $33,000. Lindbrook Capital LLC lifted its stake in Endeavor Group by 200.2% in the 4th quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock worth $37,000 after purchasing an additional 1,027 shares in the last quarter. Atlas Capital Advisors LLC bought a new position in Endeavor Group in the 4th quarter valued at $52,000. Finally, ADAR1 Capital Management LLC bought a new stake in Endeavor Group during the fourth quarter valued at $59,000. 71.37% of the stock is owned by 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.