Analysts Set Endeavor Group Holdings, Inc. (NYSE:EDR) Target Price at $27.86

Endeavor Group Holdings, Inc. (NYSE:EDR) has been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $27.86.

Separately, StockNews.com assumed coverage on shares of Endeavor Group in a research report on Wednesday. They set a “hold” rating on the stock.

Endeavor Group Stock Up 0.3 %

EDR opened at $29.50 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The company’s 50-day moving average is $28.38 and its 200 day moving average is $27.44. Endeavor Group has a fifty-two week low of $22.59 and a fifty-two week high of $29.54. The firm has a market capitalization of $20.19 billion, a P/E ratio of -20.49 and a beta of 0.78.

Endeavor Group (NYSE:EDR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.87 billion. Research analysts expect that Endeavor Group will post 1.4 earnings per share for the current fiscal year.

Endeavor Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. Endeavor Group’s dividend payout ratio (DPR) is presently -16.67%.

Insider Transactions at Endeavor Group

In other news, CEO Ariel Emanuel sold 48,176 shares of Endeavor Group stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $29.04, for a total value of $1,399,031.04. Following the completion of the transaction, the chief executive officer now owns 1,831,247 shares in the company, valued at $53,179,412.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 225,272 shares of company stock worth $6,372,925 over the last quarter. Corporate insiders own 63.90% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

Large investors have recently modified their holdings of the business. Longfellow Investment Management Co. LLC purchased a new position in shares of Endeavor Group in the second quarter worth about $75,000. PNC Financial Services Group Inc. grew its stake in Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock valued at $76,000 after acquiring an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Endeavor Group during the first quarter valued at approximately $102,000. SG Americas Securities LLC purchased a new position in Endeavor Group during the second quarter valued at approximately $130,000. Finally, CIBC Asset Management Inc purchased a new position in Endeavor Group during the second quarter valued at approximately $226,000. Hedge funds and other institutional investors 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.