TKO Group (NYSE:TKO) Earns “Buy” Rating from BTIG Research

TKO Group (NYSE:TKO)‘s stock had its “buy” rating restated by research analysts at BTIG Research in a research note issued on Wednesday, Benzinga reports. They presently have a $237.00 target price on the stock. BTIG Research‘s price objective suggests a potential upside of 34.26% from the stock’s previous close.

Several other brokerages have also recently weighed in on TKO. Guggenheim lowered their target price on TKO Group from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday. Seaport Research Partners restated a “buy” rating on shares of TKO Group in a report on Friday, October 9th. Benchmark restated a “hold” rating on shares of TKO Group in a report on Tuesday, August 4th. Morgan Stanley boosted their target price on TKO Group from $225.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Finally, Susquehanna lowered their target price on TKO Group from $235.00 to $224.00 and set a “positive” rating on the stock in a report on Friday, October 16th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and an average target price of $232.62.

TKO Group Price Performance

Shares of TKO Group stock traded down $1.19 on Wednesday, hitting $176.53. The company’s stock had a trading volume of 52,978 shares, compared to its average volume of 1,216,685. TKO Group has a 1 year low of $170.92 and a 1 year high of $226.94. The firm has a fifty day moving average price of $185.27 and a 200-day moving average price of $189.92. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $33.41 billion, a price-to-earnings ratio of 61.77 and a beta of 0.67.

TKO Group (NYSE:TKO) last posted its quarterly earnings data on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.07). TKO Group had a return on equity of 2.67% and a net margin of 4.33%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the firm posted $1.17 earnings per share. TKO Group’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts anticipate that TKO Group will post 4.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Ariel Emanuel sold 24,702 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $4,801,821.78. Following the sale, the chief executive officer owned 174,334 shares of the company’s stock, valued at approximately $33,888,786.26. This represents a 12.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nick Khan sold 9,189 shares of the company’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $175.19, for a total value of $1,609,820.91. Following the sale, the director directly owned 20,162 shares in the company, valued at $3,532,180.78. This represents a 31.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 97,325 shares of company stock worth $18,798,012 over the last ninety days. Insiders own 64.30% of the company’s stock.

Institutional Trading of TKO Group

Large investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC increased its position in shares of TKO Group by 543.5% during the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of TKO Group during the second quarter worth $43,000. Summit Securities Group LLC increased its position in shares of TKO Group by 211.1% during the first quarter. Summit Securities Group LLC now owns 308 shares of the company’s stock worth $62,000 after acquiring an additional 209 shares during the period. Contravisory Investment Management Inc. purchased a new stake in shares of TKO Group during the first quarter worth $79,000. Finally, AlphaCentric Advisors LLC purchased a new stake in shares of TKO Group during the first quarter worth $99,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

TKO Group Company Profile

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.