Brokerages Set Endeavor Group Holdings, Inc. (NYSE:EDR) Target Price at $29.30

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have earned an average recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $29.30.

Several research analysts recently issued reports on the company. Evercore ISI restated an “in-line” rating and set a $27.50 price objective (down from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Seaport Res Ptn cut Endeavor Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 2nd. StockNews.com assumed coverage on Endeavor Group in a research note on Tuesday. They set a “hold” rating on the stock. Guggenheim reiterated a “neutral” rating and set a $27.50 price objective (down previously from $36.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group restated 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.

Endeavor Group Price Performance

EDR opened at $26.47 on Friday. Endeavor Group has a 52 week low of $17.65 and a 52 week high of $26.63. The business has a 50 day moving average price of $25.65 and a two-hundred day moving average price of $24.44. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The company has a market cap of $18.33 billion, a PE ratio of 25.45, a P/E/G ratio of 1.93 and a beta of 0.79.

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

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 14th. Endeavor Group’s payout ratio is 23.08%.

Insider Buying and Selling

In other Endeavor Group news, insider Mark S. Shapiro sold 70,600 shares of Endeavor Group 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 directly owns 81,460 shares of the company’s stock, valued at approximately $1,961,556.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Mark S. Shapiro sold 70,600 shares of the stock in a transaction on Thursday, February 22nd. The shares were 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Seth D. Krauss sold 17,950 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $432,236.00. Following the transaction, the chief accounting officer now owns 62,055 shares of the company’s stock, valued at approximately $1,494,284.40. The disclosure for this sale can be found here. Insiders have sold 183,383 shares of company stock worth $4,496,219 in the last quarter. 82.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Endeavor Group

A number of institutional investors have recently made changes to their positions in EDR. Lindbrook Capital LLC increased its position in shares of Endeavor Group by 200.2% during the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock worth $37,000 after acquiring an additional 1,027 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Endeavor Group by 14.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock worth $76,000 after purchasing an additional 399 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Endeavor Group in the 4th quarter valued at about $177,000. Exchange Traded Concepts LLC bought a new stake in shares of Endeavor Group in the third quarter valued at about $215,000. Finally, Steph & Co. boosted its position in shares of Endeavor Group by 5.1% during the third quarter. Steph & Co. now owns 12,088 shares of the company’s stock worth $241,000 after buying an additional 591 shares during the period. 71.37% of the stock is owned by institutional investors and hedge funds.

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.