Endeavor Group (NYSE:EDR) Research Coverage Started at StockNews.com

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

A number of other brokerages also recently issued reports on EDR. Seaport Res Ptn downgraded shares of Endeavor Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $27.50 price target (down previously from $30.00) on shares of Endeavor Group in a research report on Friday, April 5th. Piper Sandler downgraded Endeavor Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 13th. 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, Evercore ISI reaffirmed an “in-line” rating and set a $27.50 target price (down previously from $28.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.89.

Endeavor Group Stock Performance

Endeavor Group stock opened at $27.03 on Tuesday. The business’s 50-day moving average price is $26.70 and its two-hundred day moving average price is $25.38. The stock has a market cap of $18.73 billion, a PE ratio of 49.15 and a beta of 0.78. Endeavor Group has a 12-month low of $17.65 and a 12-month high of $27.06. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44.

Endeavor Group (NYSE:EDR) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.73 earnings per share for the quarter, beating 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 the consensus estimate of $1.93 billion. As a group, analysts expect that Endeavor Group will post 1.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO William K. Fullerton sold 6,750 shares of Endeavor Group stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $26.51, for a total value of $178,942.50. Following the completion of the sale, the chief accounting officer now owns 46,600 shares of the company’s stock, valued at approximately $1,235,366. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Jason Lublin sold 20,832 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $26.87, for a total transaction of $559,755.84. Following the sale, the chief financial officer now directly owns 130,187 shares in the company, valued at approximately $3,498,124.69. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO William K. Fullerton sold 6,750 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $26.51, for a total value of $178,942.50. Following the completion of the transaction, the chief accounting officer now owns 46,600 shares of the company’s stock, valued at approximately $1,235,366. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,246 shares of company stock valued at $1,843,419. 63.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Lindbrook Capital LLC increased its stake in Endeavor Group by 200.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after acquiring 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 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock valued at $76,000 after purchasing an additional 399 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Endeavor Group during the 1st quarter valued at about $102,000. Quest Partners LLC purchased a new position in shares of Endeavor Group during the 4th quarter valued at about $177,000. Finally, Harbour Capital Advisors LLC bought a new stake in Endeavor Group in the 1st quarter worth approximately $267,000. Institutional investors own 71.37% of the company’s stock.

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.