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

TKO Group (NYSE:TKO) had its target price lifted by Guggenheim from $175.00 to $190.00 in a research note published on Friday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

A number of other research firms also recently commented on TKO. Seaport Res Ptn upgraded TKO Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. The Goldman Sachs Group boosted their target price on TKO Group from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Pivotal Research reiterated a “buy” rating and issued a $195.00 price target (up from $145.00) on shares of TKO Group in a research report on Thursday, February 27th. Susquehanna began coverage on shares of TKO Group in a research note on Monday, April 28th. They set a “positive” rating and a $180.00 price objective on the stock. Finally, Morgan Stanley upped their target price on shares of TKO Group from $128.00 to $160.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $162.33.

TKO Group Trading Down 5.4%

TKO opened at $159.77 on Friday. The firm has a 50 day simple moving average of $151.47 and a 200 day simple moving average of $146.14. TKO Group has a fifty-two week low of $98.99 and a fifty-two week high of $179.09. The company has a market cap of $27.35 billion, a price-to-earnings ratio of -380.40 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17.

TKO Group (NYSE:TKO) last released its earnings results on Thursday, May 8th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.07 billion. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.26) EPS. On average, sell-side analysts anticipate that TKO Group will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, March 14th. TKO Group’s dividend payout ratio is 77.16%.

Insider Buying and Selling

In other news, Director Sonya E. Medina bought 233 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average price of $142.93 per share, with a total value of $33,302.69. Following the transaction, the director now owns 2,000 shares in the company, valued at $285,860. This represents a 13.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Kraft purchased 3,500 shares of TKO Group stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $140.69 per share, with a total value of $492,415.00. Following the transaction, the director now owns 23,500 shares in the company, valued at approximately $3,306,215. The trade was a 17.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 297,948 shares of company stock worth $51,689,918 over the last ninety days. Company insiders own 61.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Focus Partners Advisor Solutions LLC lifted its position in TKO Group by 3.6% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company’s stock worth $261,000 after buying an additional 63 shares in the last quarter. M&T Bank Corp increased its position in shares of TKO Group by 2.4% in the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock valued at $389,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. raised its holdings in TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares in the last quarter. Bessemer Group Inc. raised its holdings in TKO Group by 0.3% during the fourth quarter. Bessemer Group Inc. now owns 26,174 shares of the company’s stock worth $3,720,000 after acquiring an additional 78 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its position in TKO Group by 1.1% during the first quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company’s stock valued at $1,155,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Company Profile

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.