TKO Group (NYSE:TKO) Coverage Initiated by Analysts at Redburn Atlantic

Redburn Atlantic started coverage on shares of TKO Group (NYSE:TKO) in a research report released on Thursday, Marketbeat reports. The firm issued a buy rating and a $129.00 price target on the stock.

A number of other research analysts also recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of TKO Group from $120.00 to $131.00 and gave the company a buy rating in a research report on Friday, April 12th. JPMorgan Chase & Co. raised their price target on TKO Group from $103.00 to $126.00 and gave the stock an overweight rating in a research note on Wednesday, May 29th. Roth Mkm upped their price objective on TKO Group from $112.00 to $121.00 and gave the company a buy rating in a research report on Thursday, May 9th. TD Cowen raised TKO Group from a hold rating to a buy rating and raised their target price for the stock from $92.00 to $127.00 in a research report on Wednesday, May 15th. Finally, Morgan Stanley boosted their price target on TKO Group from $100.00 to $115.00 and gave the company an equal weight rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $116.00.

TKO Group Stock Performance

Shares of TKO opened at $104.34 on Thursday. TKO Group has a 12 month low of $72.33 and a 12 month high of $113.30. The business’s fifty day simple moving average is $107.34 and its two-hundred day simple moving average is $94.45. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. The company has a market cap of $17.77 billion, a price-to-earnings ratio of -103.31 and a beta of 1.04.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, May 8th. The company reported $2.14 EPS for the quarter, beating the consensus estimate of $0.51 by $1.63. TKO Group had a positive return on equity of 4.15% and a negative net margin of 4.14%. The company had revenue of $629.70 million for the quarter, compared to analysts’ expectations of $609.28 million. Research analysts anticipate that TKO Group will post 4.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TKO Group

Hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its stake in shares of TKO Group by 8.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,114 shares of the company’s stock valued at $552,000 after buying an additional 419 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in TKO Group by 10.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,156 shares of the company’s stock valued at $341,000 after acquiring an additional 286 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of TKO Group in the second quarter valued at about $222,000. Diversified Trust Co bought a new position in shares of TKO Group in the second quarter worth about $5,124,000. Finally, Alhambra Investment Management LLC purchased a new stake in shares of TKO Group during the second quarter worth about $216,000. 89.79% of the stock is currently owned by institutional investors.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.