StockNews.com Begins Coverage on Endeavor Group (NYSE:EDR)

StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a research report report published on Monday morning. The firm issued a hold rating on the stock.

Several other research analysts also recently commented on the company. Guggenheim reaffirmed a neutral rating and issued a $27.50 price target (down from $36.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Seaport Res Ptn downgraded Endeavor Group from a buy rating to a neutral rating in a research report on Tuesday, April 2nd. TD Cowen lifted their price target on Endeavor Group from $28.00 to $30.00 and gave the stock an outperform rating in a research report on Monday, March 25th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a $27.50 price target (down from $30.00) on shares of Endeavor Group in a research report on Friday, April 5th. Finally, UBS Group reaffirmed a neutral rating and issued a $27.50 price target (down from $31.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Endeavor Group presently has a consensus rating of Hold and an average target price of $29.30.

Endeavor Group Stock Down 0.2 %

EDR opened at $26.44 on Monday. The business has a 50 day moving average price of $25.40 and a 200 day moving average price of $24.15. Endeavor Group has a twelve month low of $17.65 and a twelve month high of $26.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $18.31 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 1.93 and a beta of 0.82.

Endeavor Group (NYSE:EDR) last posted its earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.55 billion. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. Research analysts forecast that Endeavor Group will post 1.27 EPS for the current year.

Endeavor Group Dividend Announcement

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

Insider Buying and Selling at Endeavor Group

In other Endeavor Group news, CFO Jason Lublin sold 46,419 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $1,117,769.52. Following the sale, the chief financial officer now directly owns 112,457 shares in the company, valued at $2,707,964.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Endeavor Group news, CFO Jason Lublin sold 46,419 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $1,117,769.52. Following the sale, the chief financial officer now directly owns 112,457 shares in the company, valued at $2,707,964.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Patrick Whitesell purchased 1,642,970 shares of the stock in a transaction on Tuesday, April 9th. The stock was bought at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the completion of the transaction, the insider now directly owns 1,642,970 shares of the company’s stock, valued at $146,240,759.70. The disclosure for this purchase can be found here. Insiders have sold 176,633 shares of company stock worth $4,317,277 over the last three months. Company insiders own 82.08% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in Endeavor Group by 14.2% in the fourth 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. Cerity Partners LLC boosted its stake in Endeavor Group by 5.2% in the fourth quarter. Cerity Partners LLC now owns 11,832 shares of the company’s stock worth $281,000 after purchasing an additional 590 shares in the last quarter. Steph & Co. boosted its stake in Endeavor Group by 5.1% in the third quarter. Steph & Co. now owns 12,088 shares of the company’s stock worth $241,000 after purchasing an additional 591 shares in the last quarter. HighTower Advisors LLC boosted its stake in Endeavor Group by 4.7% in the third quarter. HighTower Advisors LLC now owns 16,037 shares of the company’s stock worth $319,000 after purchasing an additional 721 shares in the last quarter. Finally, Mirador Capital Partners LP boosted its stake in Endeavor Group by 3.8% in the fourth quarter. Mirador Capital Partners LP now owns 20,184 shares of the company’s stock worth $479,000 after purchasing an additional 732 shares in the last quarter. Institutional investors and hedge funds own 71.37% of the company’s stock.

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.