Endeavor Group (NYSE:EDR) Price Target Raised to $40.00 at Deutsche Bank Aktiengesellschaft

Endeavor Group (NYSE:EDRGet Rating) had its target price boosted by Deutsche Bank Aktiengesellschaft from $39.00 to $40.00 in a research report released on Friday morning, The Fly reports.

A number of other equities research analysts also recently weighed in on EDR. Morgan Stanley dropped their target price on Endeavor Group from $40.00 to $38.00 and set an overweight rating for the company in a report on Wednesday, March 30th. Citigroup dropped their price target on Endeavor Group from $34.00 to $25.00 in a research note on Wednesday, May 4th. Credit Suisse Group boosted their price target on Endeavor Group from $37.00 to $45.00 and gave the company an outperform rating in a research note on Monday, March 14th. StockNews.com downgraded Endeavor Group from a buy rating to a hold rating in a research note on Thursday. Finally, Piper Sandler dropped their price target on Endeavor Group from $37.00 to $30.00 in a research note on Friday. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Endeavor Group presently has an average rating of Buy and a consensus price target of 34.64.

EDR stock traded up 0.96 during midday trading on Friday, reaching 19.30. 5,551,200 shares of the company were exchanged, compared to its average volume of 1,919,089. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.39 and a quick ratio of 1.39. The business has a 50-day moving average price of 26.03 and a two-hundred day moving average price of 28.76. Endeavor Group has a one year low of 17.42 and a one year high of 35.28. The firm has a market capitalization of $13.31 billion and a price-to-earnings ratio of 1,931.93.

Endeavor Group (NYSE:EDRGet Rating) last released its quarterly earnings data on Wednesday, March 16th. The company reported 0.34 EPS for the quarter, topping analysts’ consensus estimates of 0.17 by 0.17. Endeavor Group had a negative net margin of 6.33% and a positive return on equity of 9.36%. The firm had revenue of 1.51 billion during the quarter, compared to analysts’ expectations of 1.36 billion. As a group, analysts anticipate that Endeavor Group will post 1.58 earnings per share for the current fiscal year.

In other news, CAO William K. Fullerton sold 7,479 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of 19.09, for a total transaction of 142,774.11. Following the sale, the chief accounting officer now directly owns 55,470 shares in the company, valued at 1,058,922.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Seth D. Krauss sold 4,284 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of 19.08, for a total value of 81,738.72. Following the sale, the insider now owns 28,880 shares in the company, valued at 551,030.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 518,510 shares of company stock valued at $10,138,695. Insiders own 0.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Private Capital Group LLC grew its holdings in shares of Endeavor Group by 6,250.0% during the first quarter. Private Capital Group LLC now owns 1,524 shares of the company’s stock worth $45,000 after purchasing an additional 1,500 shares during the last quarter. SouthState Corp bought a new stake in Endeavor Group in the third quarter valued at approximately $57,000. Marshall Wace LLP bought a new stake in Endeavor Group in the fourth quarter valued at approximately $79,000. Counterpoint Mutual Funds LLC bought a new stake in Endeavor Group in the first quarter valued at approximately $90,000. Finally, Citigroup Inc. boosted its holdings in Endeavor Group by 180.4% in the third quarter. Citigroup Inc. now owns 3,306 shares of the company’s stock valued at $95,000 after acquiring an additional 2,127 shares during the last quarter. Institutional investors own 52.95% of the company’s stock.

About Endeavor Group (Get Rating)

Endeavor Group Holdings, Inc operates as an entertainment, sports, and content company in the United States, the United Kingdom, and internationally. It operates in three segments: Owned Sports Properties, Events, Experiences & Rights, and Representation. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings, that license broadcast and other intellectual property rights and operate exclusive live events.

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