TKO Group (NYSE:TKO) Given New $235.00 Price Target at Pivotal Research

TKO Group (NYSE:TKO) had its price target hoisted by investment analysts at Pivotal Research from $225.00 to $235.00 in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Pivotal Research’s price objective suggests a potential upside of 25.45% from the stock’s current price.

TKO has been the subject of a number of other reports. Bank of America boosted their target price on shares of TKO Group from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Zacks Research downgraded TKO Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Sanford C. Bernstein increased their price objective on TKO Group from $190.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Seaport Res Ptn raised TKO Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, UBS Group increased their price target on TKO Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $218.46.

TKO Group Stock Down 0.0%

Shares of TKO Group stock opened at $187.33 on Thursday. The stock has a market capitalization of $37.15 billion, a price-to-earnings ratio of 77.41 and a beta of 0.72. TKO Group has a twelve month low of $115.12 and a twelve month high of $212.49. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. The business’s 50 day simple moving average is $193.42 and its 200-day simple moving average is $177.49.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. TKO Group had a return on equity of 2.82% and a net margin of 5.40%.TKO Group’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 earnings per share. TKO Group has set its FY 2025 guidance at EPS. Equities research analysts forecast that TKO Group will post 3.88 earnings per share for the current year.

TKO Group declared that its board has authorized a stock buyback plan on Monday, September 15th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at TKO Group

In other TKO Group news, Director Nick Khan sold 9,519 shares of TKO Group stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $186.43, for a total value of $1,774,627.17. Following the transaction, the director owned 137,456 shares in the company, valued at approximately $25,625,922.08. The trade was a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter C. B. Bynoe acquired 740 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were bought at an average price of $203.00 per share, with a total value of $150,220.00. Following the transaction, the director directly owned 5,187 shares in the company, valued at approximately $1,052,961. The trade was a 16.64% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 28,557 shares of company stock worth $5,449,723 in the last ninety days. Corporate insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. raised its stake in TKO Group by 350.0% during the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company’s stock valued at $25,000 after purchasing an additional 105 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of TKO Group by 840.0% during the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock valued at $26,000 after buying an additional 126 shares in the last quarter. Cromwell Holdings LLC raised its position in TKO Group by 1,360.0% during the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock valued at $29,000 after buying an additional 136 shares during the period. Hemington Wealth Management lifted its stake in TKO Group by 425.0% in the 1st quarter. Hemington Wealth Management now owns 168 shares of the company’s stock worth $25,000 after acquiring an additional 136 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in TKO Group during the 1st quarter worth about $26,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.