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

StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a report released on Monday. The firm set a “hold” rating on the stock.

Other analysts also recently issued reports about the company. TD Cowen lifted their price target on Endeavor Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Seaport Res Ptn downgraded Endeavor Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 2nd. Jefferies Financial Group reissued a “hold” rating and issued a $27.50 target price (down from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Evercore ISI reissued an “in-line” rating and issued a $27.50 target price (down from $28.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Finally, Piper Sandler downgraded Endeavor Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 13th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Endeavor Group has an average rating of “Hold” and an average price target of $28.89.

Endeavor Group Trading Up 0.6 %

EDR opened at $26.84 on Monday. Endeavor Group has a 12 month low of $17.65 and a 12 month high of $27.01. The stock has a market capitalization of $18.60 billion, a price-to-earnings ratio of 48.80, a PEG ratio of 1.77 and a beta of 0.78. 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 business has a fifty day moving average price of $26.63 and a 200 day moving average price of $25.24.

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

Insider Buying and Selling at Endeavor Group

In related news, major shareholder Patrick Whitesell acquired 1,642,970 shares of Endeavor Group stock in a transaction on Tuesday, April 9th. The stock was purchased at an average cost of $89.01 per share, with a total value of $146,240,759.70. Following the purchase, the insider now directly owns 1,642,970 shares in the company, valued at $146,240,759.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Endeavor Group news, major shareholder Patrick Whitesell bought 1,642,970 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were bought at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the transaction, the insider now owns 1,642,970 shares of the company’s stock, valued at approximately $146,240,759.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO William K. Fullerton sold 6,750 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $26.51, for a total value of $178,942.50. Following the transaction, the chief accounting officer now owns 46,600 shares in the company, valued at approximately $1,235,366. The disclosure for this sale can be found here. Insiders sold a total of 69,246 shares of company stock valued at $1,843,419 in the last ninety days. Insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in EDR. Lindbrook Capital LLC increased its position in Endeavor Group by 200.2% during the 4th 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 period. PNC Financial Services Group Inc. grew its holdings in shares of Endeavor Group by 14.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after acquiring an additional 399 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Endeavor Group in the 1st quarter worth approximately $102,000. Quest Partners LLC acquired a new stake in shares of Endeavor Group in the 4th quarter worth approximately $177,000. Finally, Algert Global LLC acquired a new stake in shares of Endeavor Group in the 3rd quarter worth approximately $246,000. Institutional investors and hedge funds own 71.37% of the company’s stock.

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.