TKO Group (NYSE:TKO) Given New $121.00 Price Target at Roth Mkm

TKO Group (NYSE:TKO) had its price target increased by Roth Mkm from $112.00 to $121.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Mkm’s target price suggests a potential upside of 23.09% from the stock’s current price.

Several other research firms also recently issued reports on TKO. The Goldman Sachs Group began coverage on TKO Group in a research note on Thursday, March 7th. They set a “buy” rating and a $102.00 price target for the company. TD Cowen started coverage on TKO Group in a report on Friday, January 12th. They set a “market perform” rating and a $92.00 price target on the stock. Moffett Nathanson initiated coverage on TKO Group in a research note on Monday, January 29th. They issued a “neutral” rating and a $95.00 price objective on the stock. Morgan Stanley began coverage on shares of TKO Group in a research note on Wednesday, February 14th. They set an “equal weight” rating and a $95.00 target price for the company. Finally, Bank of America started coverage on TKO Group in a report on Friday, March 15th. They issued a “buy” rating and a $100.00 price target for the company. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $109.00.

TKO Group Price Performance

Shares of TKO opened at $98.30 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $16.90 billion, a PE ratio of 144.56 and a beta of 1.03. The firm’s 50 day moving average price is $90.10 and its 200 day moving average price is $84.16. TKO Group has a twelve month low of $72.33 and a twelve month high of $106.16.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). The business had revenue of $614.00 million for the quarter, compared to the consensus estimate of $619.48 million. TKO Group had a net margin of 3.02% and a return on equity of 3.11%. As a group, research analysts expect that TKO Group will post 2.38 EPS for the current fiscal year.

Insider Transactions at TKO Group

In other TKO Group news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $89.01, for a total value of $146,240,759.70. Following the transaction, the insider now owns 9,875,129 shares of the company’s stock, valued at $878,985,232.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TKO. Vanguard Group Inc. increased its holdings in shares of TKO Group by 20.1% in the fourth quarter. Vanguard Group Inc. now owns 5,995,356 shares of the company’s stock valued at $489,101,000 after purchasing an additional 1,002,121 shares in the last quarter. Lindsell Train Ltd acquired a new stake in shares of TKO Group in the 3rd quarter valued at $495,949,000. Ninety One UK Ltd increased its stake in shares of TKO Group by 12.7% in the 4th quarter. Ninety One UK Ltd now owns 4,303,375 shares of the company’s stock valued at $351,069,000 after buying an additional 485,105 shares during the period. Darlington Partners Capital Management LP raised its holdings in TKO Group by 17.9% during the 4th quarter. Darlington Partners Capital Management LP now owns 2,120,406 shares of the company’s stock worth $172,983,000 after purchasing an additional 322,126 shares during the last quarter. Finally, FMR LLC acquired a new position in TKO Group during the 3rd quarter valued at about $136,131,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Company Profile

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.