Brokerages Set Endeavor Group Holdings, Inc. (NYSE:EDR) Target Price at $28.89

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have received an average recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $28.75.

A number of brokerages have recently commented on EDR. Guggenheim reissued a “neutral” rating and issued a $27.50 price objective (down previously from $36.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Jefferies Financial Group reissued a “hold” rating and set a $27.50 price target (down from $29.00) on shares of Endeavor Group in a research report on Thursday, April 4th. TD Cowen raised their price objective on Endeavor Group from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Seaport Res Ptn lowered Endeavor Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 2nd. Finally, UBS Group restated a “neutral” rating and issued a $27.50 price target (down from $31.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd.

Insider Activity

In related news, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $26.51, for a total transaction of $552,256.32. Following the transaction, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,451,257.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Endeavor Group news, CAO William K. Fullerton sold 6,750 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $26.51, for a total value of $178,942.50. Following the transaction, the chief accounting officer now directly owns 46,600 shares of the company’s stock, valued at approximately $1,235,366. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $26.51, for a total value of $552,256.32. Following the sale, the chief financial officer now owns 130,187 shares of the company’s stock, valued at approximately $3,451,257.37. The disclosure for this sale can be found here. Insiders sold a total of 48,414 shares of company stock valued at $1,290,955 over the last three months. Insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

A number of large investors have recently made changes to their positions in the company. Mubadala Investment Co PJSC bought a new position in Endeavor Group during the 4th quarter worth $52,983,000. Kodai Capital Management LP bought a new position in Endeavor Group during the fourth quarter worth about $24,037,000. National Bank of Canada FI acquired a new stake in Endeavor Group in the 4th quarter worth about $23,345,000. Owl Creek Asset Management L.P. bought a new stake in Endeavor Group in the 4th quarter valued at about $22,419,000. Finally, KRYGER CAPITAL Ltd acquired a new position in shares of Endeavor Group during the 1st quarter worth approximately $13,591,000. Institutional investors own 71.37% of the company’s stock.

Endeavor Group Stock Performance

EDR opened at $27.18 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $18.83 billion, a price-to-earnings ratio of 49.42 and a beta of 0.78. The business’s 50-day moving average price is $26.93 and its two-hundred day moving average price is $25.76. Endeavor Group has a 1 year low of $17.65 and a 1 year high of $27.62.

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

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.24 annualized dividend and a yield of 0.88%. Endeavor Group’s dividend payout ratio is 43.64%.

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.