Endeavor Group (NYSE:EDR) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDR) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.

EDR has been the topic of several other reports. Piper Sandler cut shares of Endeavor Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 13th. TD Cowen lifted their price objective on shares of Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Citigroup lowered shares of Endeavor Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $29.00 to $27.50 in a research report on Monday, April 15th. Guggenheim restated a “neutral” rating and set a $27.50 price target (down previously from $36.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Finally, UBS Group reiterated a “neutral” rating and issued a $27.50 price objective (down from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $28.89.

Endeavor Group Stock Performance

NYSE EDR opened at $26.76 on Thursday. The company’s 50 day simple moving average is $26.24 and its two-hundred day simple moving average is $24.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16. Endeavor Group has a 1 year low of $17.65 and a 1 year high of $27.01. The stock has a market capitalization of $18.54 billion, a PE ratio of 48.66, a P/E/G ratio of 1.94 and a beta of 0.79.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analyst estimates of $1.55 billion. Analysts predict that Endeavor Group will post 1.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $24.71, for a total transaction of $514,758.72. Following the completion of the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at $3,216,920.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Endeavor Group news, major shareholder Patrick Whitesell purchased 1,642,970 shares of Endeavor Group stock in a transaction that occurred on Tuesday, April 9th. The shares were bought at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the acquisition, the insider now directly owns 1,642,970 shares in the company, valued at $146,240,759.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Lublin sold 20,832 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $24.71, for a total value of $514,758.72. Following the completion of the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at approximately $3,216,920.77. The disclosure for this sale can be found here. Insiders have sold 69,246 shares of company stock valued at $1,798,422 in the last ninety days. Company insiders own 82.08% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mubadala Investment Co PJSC bought a new position in Endeavor Group in the 4th quarter worth $52,983,000. Kodai Capital Management LP bought a new position in Endeavor Group in the fourth quarter worth about $24,037,000. National Bank of Canada FI purchased a new stake in Endeavor Group in the fourth quarter worth about $23,345,000. Owl Creek Asset Management L.P. bought a new stake in Endeavor Group during the 4th quarter valued at approximately $22,419,000. Finally, NewEdge Wealth LLC purchased a new position in shares of Endeavor Group during the 3rd quarter worth approximately $13,885,000. Institutional investors own 71.37% of the company’s stock.

Endeavor Group Company Profile

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.