TKO Group (NYSE:TKO) PT Raised to $130.00 at Roth Mkm

TKO Group (NYSE:TKO) had its target price raised by Roth Mkm from $121.00 to $130.00 in a research report released on Monday, Benzinga reports. They currently have a buy rating on the stock.

TKO has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on shares of TKO Group from $103.00 to $126.00 and gave the company an overweight rating in a research report on Wednesday, May 29th. TD Cowen raised shares of TKO Group from a hold rating to a buy rating and boosted their price objective for the company from $92.00 to $127.00 in a research report on Wednesday, May 15th. Redburn Atlantic started coverage on shares of TKO Group in a research report on Thursday, July 18th. They set a buy rating and a $129.00 price objective for the company. Morgan Stanley boosted their price objective on shares of TKO Group from $100.00 to $115.00 and gave the company an equal weight rating in a research report on Monday, July 15th. Finally, Jefferies Financial Group boosted 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. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, TKO Group has an average rating of Moderate Buy and an average target price of $116.64.

TKO Group Stock Performance

Shares of TKO Group stock opened at $107.70 on Monday. The firm’s 50-day simple moving average is $107.63 and its 200-day simple moving average is $95.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. TKO Group has a 1 year low of $72.33 and a 1 year high of $113.30.

TKO Group (NYSE:TKO) last issued its earnings results on Wednesday, May 8th. The company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $1.63. The business had revenue of $629.70 million for the quarter, compared to analyst estimates of $609.28 million. TKO Group had a negative net margin of 4.14% and a positive return on equity of 4.15%. Equities research analysts forecast that TKO Group will post 4.03 earnings per share for the current year.

Insider Activity

In related news, Director Nick Khan sold 22,693 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the completion of the sale, the director now directly owns 220,018 shares of the company’s stock, valued at $23,218,499.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in TKO Group during the fourth quarter valued at approximately $27,000. MFA Wealth Advisors LLC acquired a new stake in TKO Group during the second quarter valued at approximately $36,000. Blue Trust Inc. acquired a new stake in TKO Group during the fourth quarter valued at approximately $37,000. Fifth Third Bancorp lifted its position in shares of TKO Group by 34.0% in the 1st quarter. Fifth Third Bancorp now owns 544 shares of the company’s stock valued at $47,000 after acquiring an additional 138 shares in the last quarter. Finally, Quent Capital LLC lifted its position in shares of TKO Group by 113.7% in the 4th quarter. Quent Capital LLC now owns 673 shares of the company’s stock valued at $55,000 after acquiring an additional 358 shares in the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

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.