TKO Group (NYSE:TKO) Price Target Cut to $223.00 by Analysts at Susquehanna

TKO Group (NYSE:TKO) had its price target lowered by stock analysts at Susquehanna from $224.00 to $223.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna‘s price objective would indicate a potential upside of 15.40% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Guggenheim reduced their price target on TKO Group from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, October 20th. The Goldman Sachs Group lowered their price objective on TKO Group from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Tuesday, October 27th. Morgan Stanley upped their target price on shares of TKO Group from $225.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Seaport Research Partners reaffirmed a “buy” rating on shares of TKO Group in a report on Friday, October 9th. Finally, JPMorgan Chase & Co. decreased their price target on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and an average target price of $228.59.

TKO Group Stock Up 3.2%

Shares of NYSE TKO opened at $193.25 on Thursday. The stock has a market cap of $36.58 billion, a P/E ratio of 67.81 and a beta of 0.66. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.58. TKO Group has a 12-month low of $170.14 and a 12-month high of $226.94. The business’s fifty day simple moving average is $182.51 and its 200-day simple moving average is $193.25.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.13. TKO Group had a return on equity of 2.67% and a net margin of 4.33%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business posted $0.47 earnings per share. TKO Group’s revenue was up 21.4% compared to the same quarter last year. As a group, equities analysts predict that TKO Group will post 4.43 EPS for the current fiscal year.

Insider Buying and Selling

In other TKO Group news, insider Mark S. Shapiro sold 19,120 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $3,716,736.80. Following the completion of the sale, the insider directly owned 147,071 shares of the company’s stock, valued at $28,589,131.69. This represents a 11.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,589 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $197.17, for a total value of $1,890,663.13. Following the sale, the director directly owned 39,344 shares of the company’s stock, valued at $7,757,456.48. The trade was a 19.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 97,325 shares of company stock worth $18,798,012. Corporate insiders own 64.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TKO. Asset Management One Co. Ltd. raised its stake in shares of TKO Group by 2.5% during the third quarter. Asset Management One Co. Ltd. now owns 2,665 shares of the company’s stock worth $479,000 after purchasing an additional 64 shares during the last quarter. Allworth Financial LP grew its position in TKO Group by 12.2% in the 2nd quarter. Allworth Financial LP now owns 615 shares of the company’s stock valued at $124,000 after buying an additional 67 shares during the last quarter. Wealthfront Advisers LLC increased its stake in TKO Group by 4.0% in the 1st quarter. Wealthfront Advisers LLC now owns 2,324 shares of the company’s stock valued at $469,000 after buying an additional 89 shares during the period. Cornerstone Planning Group LLC raised its position in TKO Group by 543.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after buying an additional 125 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in TKO Group by 5.8% during the 2nd quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock worth $566,000 after buying an additional 155 shares during the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

Key TKO Group News

Here are the key news stories impacting TKO Group this week:

• Positive Sentiment: TKO earned $1.33 per share, beating the $1.20 consensus and rising from $0.50 a year earlier. Revenue increased 21.4% year over year to $1.36 billion, and the company raised its full-year guidance again. TKO third-quarter results
• Positive Sentiment: UFC was the main growth engine: revenue surged 60% to $519.2 million, helping lift earnings above forecasts. UFC growth helps TKO beat earnings forecasts
• Neutral Sentiment: Management said it expects WWE and UFC events in the Middle East to proceed as planned, including WrestleMania 43 in Saudi Arabia. TKO’s president said half of the event fee has already been paid upfront, offering some protection, though geopolitical uncertainty remains a risk. TKO discusses WrestleMania 43 Saudi Arabia plans
• Negative Sentiment: Revenue came in slightly below analysts’ $1.38 billion estimate, and WWE revenue dipped, tempering the otherwise strong quarterly report. TKO Q3 results and WWE revenue

About TKO Group

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates UFC and WWE, two global combat-sports and sports-entertainment brands. UFC promotes mixed martial arts events, while WWE produces live and televised professional wrestling programming featuring its roster of performers, storylines and branded events.

In addition to its core properties, TKO provides related media, licensing, sponsorship, live-event and consumer-products opportunities. The company’s businesses serve audiences internationally through live events, broadcast and streaming distribution, digital content, merchandise and other commercial partnerships.

TKO was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings.