TKO Group’s (TKO) Buy Rating Reiterated at BTIG Research

TKO Group (NYSE:TKO)‘s stock had its “buy” rating reissued by equities research analysts at BTIG Research in a research report issued on Wednesday,Benzinga reports. They presently have a $237.00 target price on the stock. BTIG Research’s price target points to a potential upside of 27.18% from the stock’s current price.

TKO has been the subject of a number of other research reports. Weiss Ratings raised shares of TKO Group from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Citigroup downgraded shares of TKO Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. JPMorgan Chase & Co. decreased their target price on shares of TKO Group from $225.00 to $222.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Guggenheim lowered their target price on shares of TKO Group from $232.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Finally, Zacks Research upgraded shares of TKO Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.53.

TKO Group Trading Up 1.9%

Shares of NYSE:TKO opened at $186.35 on Wednesday. TKO Group has a 12-month low of $152.29 and a 12-month high of $226.94. The business has a 50 day moving average of $195.42 and a 200-day moving average of $198.06. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The stock has a market cap of $36.18 billion, a PE ratio of 69.54 and a beta of 0.60.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, May 6th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. TKO Group had a return on equity of 2.49% and a net margin of 4.47%.The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. As a group, equities research analysts forecast that TKO Group will post 4.94 earnings per share for the current year.

Insider Activity at TKO Group

In related news, insider Mark S. Shapiro purchased 10,807 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of $185.05 per share, with a total value of $1,999,835.35. Following the acquisition, the insider owned 129,207 shares of the company’s stock, valued at $23,909,755.35. This trade represents a 9.13% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer acquired 2,696 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $185.44 per share, with a total value of $499,946.24. Following the completion of the transaction, the chief financial officer owned 30,240 shares in the company, valued at $5,607,705.60. This represents a 9.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders bought 24,308 shares of company stock worth $4,499,679 and sold 51,775 shares worth $9,716,321. 64.30% of the stock is currently owned by insiders.

Institutional Trading of TKO Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC bought a new stake in shares of TKO Group during the fourth quarter worth $27,000. Cornerstone Planning Group LLC lifted its stake in shares of TKO Group by 543.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. Torren Management LLC bought a new position in shares of TKO Group in the 4th quarter valued at $32,000. CYBER HORNET ETFs LLC acquired a new stake in shares of TKO Group during the 2nd quarter valued at $34,000. Finally, MUFG Securities EMEA plc bought a new stake in TKO Group during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

About TKO Group

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.