TKO Group (NYSE:TKO) Lowered to Sell Rating by Wall Street Zen

TKO Group (NYSE:TKO) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

TKO has been the subject of a number of other research reports. Pivotal Research upped their target price on TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Sanford C. Bernstein lifted their target price on TKO Group from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. TD Cowen reissued a “buy” rating on shares of TKO Group in a research report on Monday, December 8th. BTIG Research reduced their price objective on shares of TKO Group from $250.00 to $237.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Finally, Wolfe Research restated a “peer perform” rating on shares of TKO Group in a research note on Thursday. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $231.40.

TKO Group Stock Down 4.2%

Shares of NYSE TKO opened at $202.90 on Friday. The stock has a 50 day moving average price of $207.55 and a 200 day moving average price of $198.68. The firm has a market capitalization of $39.58 billion, a price-to-earnings ratio of 90.18 and a beta of 0.66. TKO Group has a 52-week low of $133.07 and a 52-week high of $226.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.20). The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. TKO Group had a return on equity of 2.07% and a net margin of 4.13%.TKO Group’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 earnings per share. Sell-side analysts expect 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 Mark S. Shapiro sold 32,022 shares of TKO Group stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $204.08, for a total transaction of $6,535,049.76. Following the completion of the sale, the insider owned 104,842 shares of the company’s stock, valued at approximately $21,396,155.36. The trade was a 23.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Andrew M. Schleimer sold 11,978 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $201.98, for a total value of $2,419,316.44. Following the completion of the transaction, the chief financial officer directly owned 27,544 shares in the company, valued at $5,563,337.12. This represents a 30.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 169,563 shares of company stock worth $34,642,745. Insiders own 61.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Golden State Wealth Management LLC boosted its holdings in TKO Group by 840.0% in the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after purchasing an additional 126 shares during the last quarter. Elyxium Wealth LLC acquired a new position in shares of TKO Group in the 4th quarter valued at about $27,000. Cromwell Holdings LLC grew its holdings in TKO Group by 1,360.0% during the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares during the period. Torren Management LLC purchased a new position in TKO Group during the fourth quarter valued at approximately $32,000. Finally, CYBER HORNET ETFs LLC acquired a new position in TKO Group in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

About TKO Group

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.