Guggenheim Increases TKO Group (NYSE:TKO) Price Target to $140.00

TKO Group (NYSE:TKO) had its price objective hoisted by Guggenheim from $135.00 to $140.00 in a report released on Monday morning, Benzinga reports. Guggenheim currently has a buy rating on the stock.

TKO has been the subject of a number of other reports. Pivotal Research assumed coverage on shares of TKO Group in a report on Friday, September 13th. They set a buy rating and a $170.00 target price for the company. Bank of America assumed coverage on shares of TKO Group in a report on Tuesday, August 20th. They set a buy rating and a $140.00 target price for the company. The Goldman Sachs Group restated a buy rating and set a $132.00 target price on shares of TKO Group in a report on Thursday, September 12th. TD Cowen raised their target price on shares of TKO Group from $127.00 to $140.00 and gave the stock a buy rating in a report on Monday, August 12th. Finally, Roth Mkm raised their target price on shares of TKO Group from $121.00 to $130.00 and gave the stock a buy rating in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $130.93.

TKO Group Trading Up 1.8 %

TKO Group stock opened at $126.34 on Monday. The firm has a 50 day simple moving average of $116.83 and a 200-day simple moving average of $106.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $21.52 billion, a PE ratio of -125.09 and a beta of 1.04. TKO Group has a 12-month low of $72.33 and a 12-month high of $126.51.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.10). The company had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The company’s revenue was up 178.9% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. As a group, equities research analysts expect that TKO Group will post 4.17 EPS for the current fiscal year.

Insider Buying and Selling at TKO Group

In other TKO Group news, Director Nick Khan sold 22,693 shares of TKO Group stock in a transaction 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 owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Nick Khan sold 22,693 shares of TKO Group stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $105.53, for a total value of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares of the company’s stock, valued at approximately $23,218,499.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the sale, the insider now directly owns 42,156 shares of the company’s stock, valued at approximately $4,837,822.56. The disclosure for this sale can be found here. Company insiders own 53.80% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Central Pacific Bank Trust Division lifted its stake in shares of TKO Group by 499.8% in the 3rd quarter. Central Pacific Bank Trust Division now owns 5,998 shares of the company’s stock valued at $742,000 after purchasing an additional 4,998 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of TKO Group in the 2nd quarter valued at $524,000. Clearbridge Investments LLC lifted its stake in shares of TKO Group by 9.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after purchasing an additional 155,940 shares during the last quarter. Truist Financial Corp lifted its position in TKO Group by 4.9% during the 2nd quarter. Truist Financial Corp now owns 5,278 shares of the company’s stock worth $570,000 after acquiring an additional 248 shares during the last quarter. Finally, Quarry LP acquired a new position in TKO Group during the 2nd quarter worth $51,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.