TKO Group (NYSE:TKO) Stock Rating Upgraded by Zacks Research

TKO Group (NYSE:TKO) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other analysts also recently commented on TKO. Morgan Stanley set a $210.00 price objective on shares of TKO Group in a report on Thursday, December 18th. Wolfe Research reaffirmed a “peer perform” rating on shares of TKO Group in a report on Thursday, March 5th. Susquehanna reaffirmed a “positive” rating and issued a $251.00 price objective on shares of TKO Group in a report on Monday, January 19th. BTIG Research dropped their price objective on shares of TKO Group from $250.00 to $237.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Finally, TD Cowen upped their price objective on shares of TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus target price of $232.25.

TKO Group Stock Down 2.1%

TKO stock opened at $192.96 on Monday. The firm’s fifty day simple moving average is $204.33 and its 200-day simple moving average is $199.57. The company has a market capitalization of $37.46 billion, a P/E ratio of 85.76 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.26 and a quick ratio of 1.26. TKO Group has a 12 month low of $136.11 and a 12 month high of $226.94.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.20). The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. As a group, equities research analysts forecast that TKO Group will post 3.88 earnings per share for the current year.

Insider Transactions at TKO Group

In other TKO Group news, insider Seth D. Krauss sold 14,016 shares of the company’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $201.22, for a total transaction of $2,820,299.52. Following the completion of the transaction, the insider directly owned 2,271 shares in the company, valued at approximately $456,970.62. This represents a 86.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Nick Khan sold 9,518 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $201.31, for a total transaction of $1,916,068.58. Following the transaction, the director owned 119,566 shares of the company’s stock, valued at $24,069,831.46. This represents a 7.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 91,187 shares of company stock worth $18,556,295. Insiders own 61.30% of the company’s stock.

Hedge Funds Weigh In On TKO Group

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in TKO Group by 20.3% during the third quarter. State Street Corp now owns 5,249,091 shares of the company’s stock worth $1,060,106,000 after acquiring an additional 887,401 shares during the period. Ninety One UK Ltd raised its position in TKO Group by 0.8% during the fourth quarter. Ninety One UK Ltd now owns 5,006,158 shares of the company’s stock worth $1,046,287,000 after acquiring an additional 42,156 shares during the period. Massachusetts Financial Services Co. MA raised its position in TKO Group by 54.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,185,769 shares of the company’s stock worth $665,826,000 after acquiring an additional 1,128,749 shares during the period. XN LP raised its position in TKO Group by 6.3% during the fourth quarter. XN LP now owns 2,866,943 shares of the company’s stock worth $599,191,000 after acquiring an additional 169,574 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in TKO Group by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,373,243 shares of the company’s stock worth $496,008,000 after acquiring an additional 395,040 shares during the period. 89.79% of the stock is currently owned by institutional investors and hedge funds.

TKO Group Company Profile

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.