Endeavor Group (NYSE:EDR) Coverage Initiated by Analysts at StockNews.com

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

A number of other research firms also recently issued reports on EDR. Guggenheim reiterated a neutral rating and set a $27.50 price target (down from $36.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Seaport Res Ptn cut Endeavor Group from a buy rating to a neutral rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. reissued a neutral rating and issued a $27.50 target price (down previously from $30.00) on shares of Endeavor Group in a report on Friday, April 5th. TD Cowen raised their price target on Endeavor Group from $28.00 to $30.00 and gave the company an outperform rating in a research report on Monday, March 25th. Finally, Evercore ISI reiterated an in-line rating and issued a $27.50 price objective (down from $28.00) on shares of Endeavor Group in a research report on Wednesday, April 3rd. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $29.30.

Endeavor Group Trading Up 0.3 %

Shares of EDR stock opened at $26.44 on Friday. Endeavor Group has a 1-year low of $17.65 and a 1-year high of $26.63. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.24. The business’s fifty day moving average price is $25.27 and its 200 day moving average price is $23.99. The firm has a market capitalization of $18.31 billion, a PE ratio of 25.42, a P/E/G ratio of 1.92 and a beta of 0.82.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.55 billion. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. As a group, sell-side analysts forecast that Endeavor Group will post 1.27 EPS for the current fiscal year.

Endeavor Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. Endeavor Group’s dividend payout ratio (DPR) is presently 23.08%.

Insider Transactions at Endeavor Group

In other news, CFO Jason Lublin sold 46,419 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total transaction of $1,117,769.52. Following the completion of the sale, the chief financial officer now directly owns 112,457 shares in the company, valued at approximately $2,707,964.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Endeavor Group news, major shareholder Patrick Whitesell bought 1,642,970 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were acquired at an average cost of $89.01 per share, with a total value of $146,240,759.70. Following the completion of the transaction, the insider now owns 1,642,970 shares in the company, valued at $146,240,759.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason Lublin sold 46,419 shares of Endeavor Group stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $1,117,769.52. Following the sale, the chief financial officer now directly owns 112,457 shares in the company, valued at $2,707,964.56. The disclosure for this sale can be found here. Insiders sold a total of 176,633 shares of company stock worth $4,317,277 over the last ninety days. 82.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Endeavor Group

Hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC grew its stake in Endeavor Group by 200.2% in the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock worth $37,000 after purchasing an additional 1,027 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Endeavor Group by 14.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company’s stock valued at $76,000 after acquiring an additional 399 shares during the period. Quest Partners LLC acquired a new position in Endeavor Group in the fourth quarter valued at approximately $177,000. Harbour Capital Advisors LLC acquired a new position in Endeavor Group in the first quarter valued at approximately $267,000. Finally, Exchange Traded Concepts LLC acquired a new position in Endeavor Group in the third quarter valued at approximately $215,000. 71.37% of the stock is currently owned by institutional investors and hedge funds.

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.