Endeavor Group (NYSE:EDR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDRFree Report) in a report published on Wednesday. The brokerage issued a hold rating on the stock.

Several other brokerages have also commented on EDR. 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. Guggenheim restated a neutral rating and set a $27.50 price objective (down previously from $36.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Evercore ISI restated an in-line rating and set a $27.50 price objective (down previously from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. UBS Group restated a neutral rating and set a $27.50 price objective (down previously from $31.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. 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. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $28.89.

View Our Latest Report on EDR

Endeavor Group Stock Performance

Shares of NYSE:EDR opened at $26.71 on Wednesday. The company has a market cap of $18.50 billion, a P/E ratio of 48.56, a PEG ratio of 1.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16. Endeavor Group has a one year low of $17.65 and a one year high of $26.77. The business’s 50-day simple moving average is $26.05 and its 200 day simple moving average is $24.79.

Endeavor Group (NYSE:EDRGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. Endeavor Group had a return on equity of 2.86% and a net margin of 3.40%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.55 billion. On average, sell-side analysts forecast that Endeavor Group will post 1.27 earnings per share for the current fiscal year.

Endeavor Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, March 14th. Endeavor Group’s payout ratio is 43.64%.

Insider Activity at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $26.51, for a total transaction of $552,256.32. Following the transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at $3,451,257.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Seth D. Krauss sold 17,950 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $432,236.00. Following the completion of the sale, the chief accounting officer now owns 62,055 shares in the company, valued at approximately $1,494,284.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $26.51, for a total value of $552,256.32. Following the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at approximately $3,451,257.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 204,215 shares of company stock valued at $5,048,476. Company insiders own 82.08% of the company’s stock.

Institutional Trading of Endeavor Group

Several large investors have recently made changes to their positions in EDR. Lindbrook Capital LLC lifted its position in shares of Endeavor Group by 200.2% during 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 during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Endeavor Group by 14.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after purchasing an additional 399 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Endeavor Group during the 4th quarter worth about $177,000. Algert Global LLC acquired a new position in shares of Endeavor Group in the 3rd quarter worth approximately $246,000. Finally, Qsemble Capital Management LP acquired a new position in shares of Endeavor Group in the 4th quarter worth approximately $267,000. Institutional investors own 71.37% of the company’s stock.

About Endeavor Group

(Get Free Report)

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.

See Also

Analyst Recommendations for Endeavor Group (NYSE:EDR)

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