Endeavor Group (NYSE:EDR) Price Target Raised to $28.00

Endeavor Group (NYSE:EDRGet Rating) had its price objective boosted by Barclays from $27.00 to $28.00 in a research report sent to investors on Friday morning, The Fly reports. They currently have an overweight rating on the stock.

EDR has been the topic of a number of other reports. Morgan Stanley reduced their target price on shares of Endeavor Group from $40.00 to $38.00 and set an overweight rating on the stock in a research report on Wednesday, March 30th. Piper Sandler cut their price target on shares of Endeavor Group from $37.00 to $30.00 in a report on Friday, May 13th. Credit Suisse Group reaffirmed an outperform rating and issued a $40.00 price target on shares of Endeavor Group in a report on Friday, June 24th. StockNews.com raised shares of Endeavor Group from a hold rating to a buy rating in a report on Saturday, June 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Endeavor Group from $39.00 to $40.00 in a report on Friday, May 13th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of 33.56.

NYSE EDR opened at 21.83 on Friday. The company’s fifty day simple moving average is 21.29 and its 200-day simple moving average is 27.02. Endeavor Group has a 52 week low of 17.42 and a 52 week high of 35.28. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.06. The stock has a market cap of $15.38 billion, a P/E ratio of 2,185.19 and a beta of 1.04.

Endeavor Group (NYSE:EDRGet Rating) last posted its earnings results on Thursday, May 12th. The company reported 0.73 EPS for the quarter, topping analysts’ consensus estimates of 0.31 by 0.42. Endeavor Group had a net margin of 0.42% and a return on equity of 11.32%. The business had revenue of 1.47 billion for the quarter, compared to analysts’ expectations of 1.28 billion. On average, research analysts expect that Endeavor Group will post 1.15 EPS for the current fiscal year.

In other news, CEO Ariel Emanuel sold 92,785 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of 20.25, for a total transaction of 1,878,896.25. Following the completion of the transaction, the chief executive officer now owns 1,446,748 shares in the company, valued at 29,296,647. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO William K. Fullerton sold 7,479 shares of the company’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 transaction, the chief accounting officer now owns 55,470 shares of the company’s stock, valued at approximately 1,058,922.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 677,295 shares of company stock valued at $13,429,991. 0.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Private Capital Group LLC lifted its holdings in Endeavor Group by 6,250.0% in the 1st quarter. Private Capital Group LLC now owns 1,524 shares of the company’s stock valued at $45,000 after acquiring an additional 1,500 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Endeavor Group in the 1st quarter valued at about $90,000. Point72 Asset Management L.P. acquired a new stake in Endeavor Group in the 4th quarter valued at about $144,000. Camarda Financial Advisors LLC acquired a new stake in Endeavor Group in the 4th quarter valued at about $234,000. Finally, Hsbc Holdings PLC acquired a new stake in Endeavor Group in the 1st quarter valued at about $326,000. 52.95% of the stock is owned by institutional investors.

Endeavor Group Company Profile (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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