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

Analysts at StockNews.com assumed coverage on shares of Endeavor Group (NYSE:EDR) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

A number of other equities analysts have also recently commented on the company. Guggenheim reissued a “neutral” rating and set a $27.50 price target (down previously from $36.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $27.50 target price (down previously from $30.00) on shares of Endeavor Group in a report on Friday, April 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $27.50 target price (down previously from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. TD Cowen upped their target price on Endeavor Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Finally, Citigroup lowered Endeavor Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $29.00 to $27.50 in a research report on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $29.30.

Endeavor Group Stock Performance

NYSE:EDR opened at $26.42 on Friday. The stock has a fifty day moving average price of $25.18 and a 200-day moving average price of $23.94. The company has a market cap of $18.30 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.93 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $26.63.

Endeavor Group (NYSE:EDR) last released its earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. As a group, equities analysts anticipate that Endeavor Group will post 1.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other Endeavor Group news, insider Mark S. Shapiro sold 70,600 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $1,700,048.00. Following the transaction, the insider now owns 81,460 shares in the company, valued at $1,961,556.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Endeavor Group news, CAO Seth D. Krauss sold 17,950 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $432,236.00. Following the transaction, the chief accounting officer now owns 62,055 shares in the company, valued at $1,494,284.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark S. Shapiro sold 70,600 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $1,700,048.00. Following the completion of the transaction, the insider now owns 81,460 shares in the company, valued at approximately $1,961,556.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 176,633 shares of company stock worth $4,317,277. Corporate insiders own 82.08% of the company’s stock.

Institutional Trading of Endeavor Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC raised its stake in shares of Endeavor Group by 200.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock worth $37,000 after purchasing an additional 1,027 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock valued at $76,000 after acquiring an additional 399 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Endeavor Group during the fourth quarter valued at approximately $177,000. Harbour Capital Advisors LLC purchased a new stake in shares of Endeavor Group during the first quarter valued at approximately $267,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Endeavor Group during the third quarter valued at approximately $215,000. 71.37% of the stock is owned by hedge funds and other institutional investors.

About Endeavor Group

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.