Pivotal Research Forecasts Strong Price Appreciation for TKO Group (NYSE:TKO) Stock

TKO Group (NYSE:TKO) had its price objective raised by Pivotal Research from $145.00 to $165.00 in a research note published on Tuesday, MarketBeat.com reports. Pivotal Research currently has a buy rating on the stock.

A number of other research firms also recently weighed in on TKO. Morgan Stanley increased their target price on shares of TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on shares of TKO Group from $132.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. UBS Group raised their price objective on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, TD Cowen raised their price objective on shares of TKO Group from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, TKO Group has a consensus rating of “Moderate Buy” and a consensus target price of $132.43.

TKO Group Stock Up 0.7 %

Shares of NYSE TKO opened at $138.21 on Tuesday. The company has a 50 day simple moving average of $124.27 and a 200 day simple moving average of $115.45. The firm has a market cap of $23.60 billion, a PE ratio of -329.07 and a beta of 1.06. TKO Group has a 1 year low of $72.33 and a 1 year high of $139.45. 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 Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The firm had revenue of $681.20 million for the quarter, compared to analyst estimates of $665.12 million. TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. On average, research analysts forecast that TKO Group will post 3.88 EPS for the current year.

Insider Activity at TKO Group

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the transaction, the insider now directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. This trade represents a 42.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 53.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TKO Group

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after acquiring an additional 89 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in TKO Group by 491.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after acquiring an additional 231 shares in the last quarter. MFA Wealth Advisors LLC bought a new position in TKO Group during the 2nd quarter valued at $36,000. Signaturefd LLC raised its stake in shares of TKO Group by 39.4% during the 3rd quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after purchasing an additional 109 shares during the period. Finally, Quarry LP bought a new stake in shares of TKO Group during the 2nd quarter worth $51,000. 89.79% of the stock is currently owned by institutional investors.

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.