TKO Group (NYSE:TKO) Stock Price Expected to Rise, TD Cowen Analyst Says

TKO Group (NYSE:TKO) had its price target upped by equities research analysts at TD Cowen from $140.00 to $143.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s target price would indicate a potential upside of 22.45% from the company’s previous close.

Several other analysts have also commented on the stock. UBS Group raised their price target on shares of TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Guggenheim raised their price target on shares of TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. The Goldman Sachs Group raised their price target on shares of TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Benchmark lowered shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Redburn Atlantic assumed coverage on shares of TKO Group in a research report on Thursday, July 18th. They issued a “buy” rating and a $129.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.43.

TKO Group Stock Up 0.8 %

NYSE:TKO opened at $116.78 on Tuesday. The firm has a market capitalization of $19.93 billion, a P/E ratio of -121.65 and a beta of 1.04. TKO Group has a 1-year low of $72.33 and a 1-year high of $130.95. The company’s fifty day moving average price is $121.22 and its 200-day moving average price is $111.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). The business had revenue of $851.20 million during the quarter, compared to analyst estimates of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The firm’s revenue was up 178.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. As a group, equities research analysts anticipate that TKO Group will post 4.07 EPS for the current year.

Insider Transactions at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the transaction, the insider now directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 53.80% of the company’s stock.

Hedge Funds Weigh In On TKO Group

A number of institutional investors have recently bought and sold shares of TKO. XN LP raised its stake in TKO Group by 100.9% during the first quarter. XN LP now owns 1,983,346 shares of the company’s stock worth $171,381,000 after purchasing an additional 996,161 shares during the period. Massachusetts Financial Services Co. MA raised its stake in TKO Group by 267.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,320,859 shares of the company’s stock worth $142,640,000 after purchasing an additional 961,880 shares during the period. Ninety One UK Ltd raised its stake in TKO Group by 15.9% during the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock worth $439,004,000 after purchasing an additional 557,444 shares during the period. Fairview Capital Investment Management LLC purchased a new position in TKO Group during the first quarter worth about $43,999,000. Finally, Allspring Global Investments Holdings LLC raised its stake in TKO Group by 59.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock worth $119,940,000 after purchasing an additional 362,460 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.