BTIG Research Reaffirms “Buy” Rating for TKO Group (NYSE:TKO)

TKO Group (NYSE:TKOGet Free Report)‘s stock had its “buy” rating reissued by equities research analysts at BTIG Research in a research note issued on Thursday,Benzinga reports. They presently have a $237.00 price objective on the stock. BTIG Research’s price target would indicate a potential upside of 24.33% from the company’s previous close.

Several other brokerages have also recently issued reports on TKO. TD Cowen upped their price target on shares of TKO Group from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Pivotal Research increased their price objective on shares of TKO Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Roth Mkm set a $228.00 price objective on shares of TKO Group in a research report on Monday. Finally, UBS Group increased their price objective on shares of TKO Group from $235.00 to $238.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and an average price target of $230.88.

View Our Latest Analysis on TKO

TKO Group Trading Up 2.0%

Shares of NYSE TKO opened at $190.62 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. TKO Group has a 52-week low of $152.29 and a 52-week high of $226.94. The firm has a 50 day moving average price of $197.67 and a two-hundred day moving average price of $198.70. The stock has a market cap of $37.00 billion, a P/E ratio of 84.72 and a beta of 0.57.

TKO Group (NYSE:TKOGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.01. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the company posted $0.69 EPS. The company’s revenue was up 25.9% on a year-over-year basis. As a group, equities analysts forecast that TKO Group will post 4.59 EPS for the current year.

Insider Buying and Selling at TKO Group

In related news, CFO Shane Kapral sold 254 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $199.15, for a total transaction of $50,584.10. Following the transaction, the chief financial officer directly owned 99 shares of the company’s stock, valued at $19,715.85. This represents a 71.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nick Khan sold 9,518 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $185.99, for a total transaction of $1,770,252.82. Following the transaction, the director directly owned 91,100 shares in the company, valued at approximately $16,943,689. This represents a 9.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 31,272 shares of company stock valued at $6,332,236. 61.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Elyxium Wealth LLC bought a new position in TKO Group during the fourth quarter worth $27,000. Cromwell Holdings LLC boosted its stake in TKO Group by 1,360.0% during the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in TKO Group by 543.5% during the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Torren Management LLC bought a new position in TKO Group during the fourth quarter worth $32,000. Finally, Aventura Private Wealth LLC bought a new position in shares of TKO Group in the fourth quarter valued at $35,000. 89.79% of the stock is owned by institutional investors.

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TKO Group Company Profile

(Get Free Report)

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.

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Analyst Recommendations for TKO Group (NYSE:TKO)

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