Endeavor Group (NYSE:EDR) Sets New 12-Month High at $26.66

Endeavor Group Holdings, Inc. (NYSE:EDRGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $26.66 and last traded at $26.66, with a volume of 1025587 shares. The stock had previously closed at $26.54.

Analyst Upgrades and Downgrades

EDR has been the subject of several research analyst reports. Piper Sandler cut Endeavor Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. Citigroup lowered Endeavor Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $29.00 to $27.50 in a report on Monday, April 15th. Jefferies Financial Group reissued a “hold” rating and issued a $27.50 target price (down previously from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. StockNews.com initiated coverage on Endeavor Group in a report on Wednesday. They issued a “hold” rating on the stock. Finally, UBS Group reissued a “neutral” rating and issued a $27.50 target price (down previously from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $28.89.

Read Our Latest Analysis on EDR

Endeavor Group Trading Up 0.3 %

The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44. The firm has a market cap of $18.43 billion, a price-to-earnings ratio of 48.26, a price-to-earnings-growth ratio of 1.93 and a beta of 0.79. The business has a 50 day moving average of $25.91 and a 200 day moving average of $24.73.

Endeavor Group (NYSE:EDRGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.55 billion. Endeavor Group had a return on equity of 2.86% and a net margin of 3.40%. On average, research analysts forecast that Endeavor Group Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Endeavor Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Thursday, March 14th. Endeavor Group’s payout ratio is 43.64%.

Insiders Place Their Bets

In other Endeavor Group news, CFO Jason Lublin sold 46,419 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,707,964.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO William K. Fullerton sold 6,750 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $26.51, for a total value of $178,942.50. Following the transaction, the chief accounting officer now directly owns 46,600 shares in the company, valued at approximately $1,235,366. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jason Lublin sold 46,419 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 112,457 shares in the company, valued at $2,707,964.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 183,383 shares of company stock valued at $4,496,219. Insiders own 82.08% of the company’s stock.

Hedge Funds Weigh In On Endeavor Group

A number of large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of Endeavor Group by 14.2% in the 4th 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 during the period. Cerity Partners LLC raised its holdings in shares of Endeavor Group by 5.2% during the 4th quarter. Cerity Partners LLC now owns 11,832 shares of the company’s stock valued at $281,000 after buying an additional 590 shares during the period. HighTower Advisors LLC raised its holdings in shares of Endeavor Group by 4.7% during the 3rd quarter. HighTower Advisors LLC now owns 16,037 shares of the company’s stock valued at $319,000 after buying an additional 721 shares during the period. Mirador Capital Partners LP raised its holdings in shares of Endeavor Group by 3.8% during the 4th quarter. Mirador Capital Partners LP now owns 20,184 shares of the company’s stock valued at $479,000 after buying an additional 732 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in shares of Endeavor Group by 200.2% during the 4th quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock valued at $37,000 after buying an additional 1,027 shares during the period. 71.37% of the stock is currently owned by hedge funds and other institutional investors.

Endeavor Group Company Profile

(Get Free Report)

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.

Further Reading

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