Endeavor Group (NYSE:EDR) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDR) in a research note issued to investors on Monday. The firm set a “hold” rating on the stock.

Several other equities analysts have also weighed in on the company. 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. TD Cowen lifted their price objective on Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. UBS Group restated a “neutral” rating and set a $27.50 price objective (down from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Jefferies Financial Group reiterated a “hold” rating and issued a $27.50 target price (down previously from $29.00) on shares of Endeavor Group in a research report on Thursday, April 4th. Finally, Citigroup lowered Endeavor Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $29.00 to $27.50 in a research report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Endeavor Group has an average rating of “Hold” and an average price target of $29.30.

Endeavor Group Trading Down 0.2 %

Shares of EDR stock opened at $26.41 on Monday. 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 $18.29 billion, a P/E ratio of 25.39, a P/E/G ratio of 1.93 and a beta of 0.82. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $26.63. The business has a fifty day simple moving average of $25.45 and a 200-day simple moving average of $24.21.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.55 billion. On average, analysts forecast that Endeavor Group will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at Endeavor Group

In other news, major shareholder Patrick Whitesell acquired 1,642,970 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were bought at an average price of $89.01 per share, with a total value of $146,240,759.70. Following the purchase, 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 filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Patrick Whitesell bought 1,642,970 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were bought at an average cost of $89.01 per share, with a total value of $146,240,759.70. Following the completion of the transaction, the insider now directly owns 1,642,970 shares of the company’s stock, valued at $146,240,759.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $26.52, for a total value of $552,464.64. Following the sale, the chief financial officer now directly owns 130,187 shares in the company, valued at $3,452,559.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 176,633 shares of company stock valued at $4,317,277. Corporate insiders own 82.08% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock valued at $76,000 after buying an additional 399 shares during the period. Cerity Partners LLC raised its position in Endeavor Group by 5.2% during the fourth 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 period. Steph & Co. raised its position in Endeavor Group by 5.1% during the third 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 period. HighTower Advisors LLC raised its position in Endeavor Group by 4.7% during the third quarter. HighTower Advisors LLC now owns 16,037 shares of the company’s stock valued at $319,000 after buying an additional 721 shares during the period. Finally, Mirador Capital Partners LP raised its position in Endeavor Group by 3.8% during the fourth quarter. Mirador Capital Partners LP now owns 20,184 shares of the company’s stock valued at $479,000 after buying an additional 732 shares during the period. 71.37% of the stock is owned by institutional investors and hedge funds.

Endeavor Group Company Profile

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.