Endeavor Group (NYSE:EDR) Receives “Neutral” Rating from UBS Group

UBS Group reiterated their neutral rating on shares of Endeavor Group (NYSE:EDRFree Report) in a research report report published on Wednesday, Benzinga reports. They currently have a $27.50 price target on the stock, down from their previous price target of $31.00.

Other analysts also recently issued reports about the stock. Guggenheim restated a neutral rating and issued a $27.50 target price (down from $36.00) on shares of Endeavor Group in a report on Wednesday. TD Cowen upped their price target on shares of Endeavor Group from $28.00 to $30.00 and gave the company an outperform rating in a report on Monday, March 25th. Finally, StockNews.com downgraded shares of Endeavor Group from a hold rating to a sell rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $30.44.

Check Out Our Latest Stock Analysis on Endeavor Group

Endeavor Group Stock Up 1.5 %

EDR opened at $26.20 on Wednesday. The stock has a market cap of $18.14 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $26.32. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. The firm’s fifty day moving average is $24.74 and its 200 day moving average is $23.38.

Endeavor Group (NYSE:EDRGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. On average, sell-side analysts forecast that Endeavor Group will post 0.9 earnings per share for the current fiscal year.

Endeavor Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.92%. Endeavor Group’s dividend payout ratio is currently 23.08%.

Insiders Place Their Bets

In other Endeavor Group news, CAO William K. Fullerton sold 1,148 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $23.22, for a total value of $26,656.56. Following the transaction, the chief accounting officer now directly owns 82,394 shares in the company, valued at approximately $1,913,188.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO William K. Fullerton sold 1,148 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $23.22, for a total value of $26,656.56. Following the completion of the sale, the chief accounting officer now owns 82,394 shares of the company’s stock, valued at approximately $1,913,188.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $25.47, for a total transaction of $530,591.04. Following the completion of the sale, the chief financial officer now directly owns 55,705 shares of the company’s stock, valued at approximately $1,418,806.35. The disclosure for this sale can be found here. Insiders have sold 177,781 shares of company stock worth $4,322,060 in the last three months. Corporate insiders own 82.08% of the company’s stock.

Institutional Investors Weigh In On Endeavor Group

Several hedge funds have recently modified their holdings of EDR. Vanguard Group Inc. lifted its position in shares of Endeavor Group by 29.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,006,491 shares of the company’s stock worth $243,251,000 after purchasing an additional 2,726,059 shares during the period. Morgan Stanley lifted its position in Endeavor Group by 24.9% during the fourth quarter. Morgan Stanley now owns 13,474,269 shares of the company’s stock valued at $303,710,000 after acquiring an additional 2,689,204 shares during the last quarter. BlackRock Inc. lifted its position in Endeavor Group by 1,060.4% during the third quarter. BlackRock Inc. now owns 2,631,819 shares of the company’s stock valued at $53,321,000 after acquiring an additional 2,405,024 shares during the last quarter. Mubadala Investment Co PJSC purchased a new stake in Endeavor Group during the fourth quarter valued at approximately $52,983,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Endeavor Group by 74.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,836,220 shares of the company’s stock valued at $109,009,000 after acquiring an additional 2,064,303 shares during the last quarter. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Endeavor Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Endeavor Group (NYSE:EDR)

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