Endeavor Group (NYSE:EDR) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

EDR has been the topic of several other research reports. Evercore ISI reissued an “in-line” rating and set a $27.50 price objective (down previously from $28.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. UBS Group reissued a “neutral” rating and set a $27.50 price objective (down previously from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Seaport Res Ptn lowered Endeavor Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 2nd. Citigroup lowered Endeavor Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $29.00 to $27.50 in a report on Monday, April 15th. Finally, Guggenheim reaffirmed a “neutral” rating and issued a $27.50 price target (down previously from $36.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.89.

Endeavor Group Stock Performance

Shares of NYSE EDR opened at $27.20 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $26.72 and its two-hundred day moving average is $25.42. The company has a market cap of $18.85 billion, a P/E ratio of 49.46 and a beta of 0.78. Endeavor Group has a 12 month low of $17.65 and a 12 month high of $27.24.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.50. Endeavor Group had a return on equity of 2.86% and a net margin of 3.40%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.93 billion. On average, equities analysts expect that Endeavor Group will post 1.4 EPS for the current year.

Insider Activity

In other news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $26.52, for a total value of $552,464.64. Following the completion of the sale, the chief financial officer now directly owns 130,187 shares in the company, valued at $3,452,559.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $26.52, for a total value of $552,464.64. Following the completion of the sale, the chief financial officer now directly owns 130,187 shares in the company, valued at $3,452,559.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Patrick Whitesell bought 1,642,970 shares of the stock in a transaction dated Tuesday, April 9th. The stock was acquired at an average price of $89.01 per share, with a total value of $146,240,759.70. Following the completion of the purchase, the insider now owns 1,642,970 shares of the company’s stock, valued at approximately $146,240,759.70. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 69,246 shares of company stock worth $1,843,419. 63.90% of the stock is owned by corporate insiders.

Institutional Trading of Endeavor Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its stake in shares of Endeavor Group by 3.8% in the third quarter. Morgan Stanley now owns 12,278,380 shares of the company’s stock valued at $244,340,000 after buying an additional 454,790 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Endeavor Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 14,651,192 shares of the company’s stock valued at $291,559,000 after acquiring an additional 254,550 shares during the last quarter. Caxton Associates LP bought a new position in Endeavor Group in the fourth quarter valued at about $2,373,000. Raymond James & Associates boosted its holdings in Endeavor Group by 9.2% in the fourth quarter. Raymond James & Associates now owns 106,552 shares of the company’s stock valued at $2,528,000 after acquiring an additional 8,951 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Endeavor Group by 41.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 15,213 shares of the company’s stock valued at $361,000 after acquiring an additional 4,430 shares during the last quarter. 71.37% of the stock is currently owned by institutional investors and hedge funds.

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.