Endeavor Group Holdings, Inc. (NYSE:EDR) Receives $28.89 Average PT from Analysts

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) have been given an average rating of “Hold” by the eleven ratings firms that are covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $28.89.

A number of brokerages recently weighed in on EDR. UBS Group restated a “neutral” rating and issued a $27.50 price objective (down from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Seaport Res Ptn lowered shares of Endeavor Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $27.50 target price (down from $30.00) on shares of Endeavor Group in a research note on Friday, April 5th. StockNews.com started coverage on shares of Endeavor Group in a research note on Monday, June 24th. They set a “hold” rating for the company. Finally, Evercore ISI reiterated an “in-line” rating and set a $27.50 target price (down from $28.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd.

Endeavor Group Stock Up 0.5 %

NYSE EDR opened at $27.03 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $18.73 billion, a PE ratio of 49.15 and a beta of 0.78. Endeavor Group has a 1 year low of $17.65 and a 1 year high of $27.05. The business’s 50-day moving average is $26.68 and its 200 day moving average is $25.33.

Endeavor Group (NYSE:EDR) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.50. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Endeavor Group had a return on equity of 2.86% and a net margin of 3.40%. Sell-side analysts forecast that Endeavor Group will post 1.4 earnings per share for the current year.

Endeavor Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, June 14th. Endeavor Group’s payout ratio is currently 43.64%.

Insider Activity

In other news, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $26.52, for a total transaction of $552,464.64. Following the sale, the chief financial officer now directly owns 130,187 shares in the company, valued at approximately $3,452,559.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Jason Lublin sold 20,832 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $26.52, for a total value of $552,464.64. Following the sale, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at approximately $3,452,559.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Patrick Whitesell acquired 1,642,970 shares of Endeavor Group stock in a transaction that occurred on Tuesday, April 9th. The stock was purchased at an average cost 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 in the company, valued at $146,240,759.70. The disclosure for this purchase can be found here. In the last three months, insiders have sold 69,246 shares of company stock worth $1,843,419. 63.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EDR. Lindbrook Capital LLC grew its position in Endeavor Group by 200.2% during the fourth 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. PNC Financial Services Group Inc. boosted its position 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 worth $76,000 after acquiring an additional 399 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Endeavor Group during the first quarter worth about $102,000. Quest Partners LLC purchased a new position in Endeavor Group during the fourth quarter worth about $177,000. Finally, Algert Global LLC purchased a new stake in shares of Endeavor Group in the 3rd quarter valued at approximately $246,000. 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.