Endeavor Group (NYSE:EDR) Now Covered by StockNews.com

StockNews.com started coverage on shares of Endeavor Group (NYSE:EDR) in a report published on Friday. The brokerage issued a hold rating on the stock.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group reaffirmed a hold rating and set a $27.50 price target (down from $29.00) on shares of Endeavor Group in a research note on Thursday, April 4th. JPMorgan Chase & Co. reaffirmed a neutral rating and set a $27.50 price objective (down previously from $30.00) on shares of Endeavor Group in a research report on Friday, April 5th. Evercore ISI reissued an in-line rating and issued a $27.50 target price (down from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Piper Sandler downgraded shares of Endeavor Group from a strong-buy rating to a hold rating in a report on Monday, May 13th. Finally, UBS Group reiterated 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. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Endeavor Group currently has a consensus rating of Hold and a consensus target price of $28.75.

Endeavor Group Stock Up 0.2 %

Endeavor Group stock opened at $27.26 on Friday. Endeavor Group has a twelve month low of $17.65 and a twelve month high of $27.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $18.89 billion, a PE ratio of 49.56 and a beta of 0.78. The firm’s 50 day moving average price is $27.00 and its two-hundred day moving average price is $25.87.

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

Endeavor Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.06 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.88%. Endeavor Group’s payout ratio is presently 43.64%.

Insider Buying and Selling

In other news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $26.51, for a total value of $552,256.32. Following the sale, the chief financial officer now directly owns 130,187 shares of the company’s stock, valued at $3,451,257.37. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Jason Lublin sold 20,832 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $26.51, for a total transaction of $552,256.32. Following the completion of the transaction, the chief financial officer now directly owns 130,187 shares in the company, valued at $3,451,257.37. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO William K. Fullerton sold 6,750 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $26.51, for a total value of $178,942.50. Following the completion of the sale, the chief accounting officer now directly owns 46,600 shares of the company’s stock, valued at $1,235,366. The disclosure for this sale can be found here. Insiders have sold 48,414 shares of company stock worth $1,290,955 in the last quarter. 63.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EDR. Lindbrook Capital LLC lifted its stake in shares of Endeavor Group by 200.2% in 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. lifted 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 worth $76,000 after purchasing an additional 399 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Endeavor Group during the first quarter valued at approximately $102,000. SG Americas Securities LLC bought a new stake in shares of Endeavor Group in the 2nd quarter valued at approximately $130,000. Finally, Quest Partners LLC acquired a new stake in Endeavor Group in the 4th quarter valued at $177,000. 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.