TKO Group (NYSE:TKO) Given New $224.00 Price Target at Susquehanna

TKO Group (NYSE:TKO) had its price target cut by research analysts at Susquehanna from $235.00 to $224.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price objective indicates a potential upside of 27.44% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Guggenheim boosted their target price on TKO Group from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Benchmark reiterated a “hold” rating on shares of TKO Group in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TKO Group in a report on Tuesday, August 4th. Finally, Seaport Research Partners reissued a “buy” rating on shares of TKO Group in a research note on Friday, October 9th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, TKO Group has an average rating of “Moderate Buy” and a consensus target price of $235.25.

TKO Group Price Performance

NYSE TKO opened at $175.77 on Friday. TKO Group has a 1-year low of $170.92 and a 1-year high of $226.94. The business’s fifty day moving average price is $186.87 and its 200-day moving average price is $190.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $33.27 billion, a price-to-earnings ratio of 61.67 and a beta of 0.67.

TKO Group (NYSE:TKO) last announced its earnings results on Monday, August 3rd. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.07). The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 earnings per share. On average, equities analysts predict that TKO Group will post 4.42 earnings per share for the current year.

Insider Activity

In other news, Director Nick Khan sold 9,189 shares of TKO Group stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $175.19, for a total value of $1,609,820.91. Following the transaction, the director owned 20,162 shares of the company’s stock, valued at $3,532,180.78. The trade was a 31.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew Schleimer sold 9,942 shares of TKO Group stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $1,932,625.38. Following the completion of the transaction, the chief financial officer directly owned 38,051 shares in the company, valued at $7,396,733.89. This represents a 20.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 120,404 shares of company stock valued at $23,002,548 over the last 90 days. 64.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

Several hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC raised its position in TKO Group by 33.2% during the third quarter. V Square Quantitative Management LLC now owns 1,854 shares of the company’s stock worth $333,000 after acquiring an additional 462 shares during the period. QRG Capital Management Inc. lifted its stake in TKO Group by 5.8% during the second quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock worth $566,000 after purchasing an additional 155 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of TKO Group by 26.7% in the second quarter. Sequoia Financial Advisors LLC now owns 2,797 shares of the company’s stock valued at $563,000 after purchasing an additional 590 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of TKO Group by 19.5% during the second quarter. Integrated Wealth Concepts LLC now owns 1,983 shares of the company’s stock worth $399,000 after buying an additional 324 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in TKO Group by 12.5% during the 2nd quarter. NewEdge Advisors LLC now owns 2,390 shares of the company’s stock worth $481,000 after buying an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Company Profile

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE). The company was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings, creating a platform focused on live sports and entertainment properties.

UFC organizes and promotes mixed martial arts events, distributes related media content, and manages sponsorship, licensing, and consumer products. WWE produces professional wrestling programming and live events, including its flagship brands and premium events, while also generating revenue through media rights, sponsorships, licensing, merchandise, and digital content.

TKO serves audiences and commercial partners internationally through televised and streaming programming, live events, and licensed products.