TKO Group (NYSE:TKO) Stock Rating Reaffirmed as Buy by BTIG Research

TKO Group (NYSE:TKO)‘s stock had its “buy” rating reaffirmed by analysts at BTIG Research in a report released on Wednesday, Benzinga reports. They currently have a $237.00 price objective on the stock. BTIG Research‘s target price points to a potential upside of 33.88% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of TKO Group in a research report on Tuesday, August 4th. Sanford C. Bernstein increased their target price on TKO Group from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Susquehanna dropped their target price on TKO Group from $235.00 to $224.00 and set a “positive” rating for the company in a report on Friday, October 16th. Guggenheim dropped their price target on TKO Group from $235.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Seaport Research Partners reaffirmed a “buy” rating on shares of TKO Group in a report on Friday, October 9th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $232.62.

TKO Group Stock Down 0.5%

Shares of NYSE:TKO traded down $0.92 during mid-day trading on Wednesday, hitting $177.02. 343,428 shares of the company traded hands, compared to its average volume of 1,220,474. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 1.28. TKO Group has a 52-week low of $170.92 and a 52-week high of $226.94. The firm’s 50 day simple moving average is $185.71 and its 200 day simple moving average is $190.10. The firm has a market cap of $33.50 billion, a P/E ratio of 62.11 and a beta of 0.67.

TKO Group (NYSE:TKO) last issued its earnings results on Monday, August 3rd. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.07). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.54 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%. TKO Group’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 EPS. On average, equities analysts anticipate that TKO Group will post 4.43 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Ariel Emanuel sold 24,702 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $4,801,821.78. Following the completion of the transaction, the chief executive officer directly owned 174,334 shares in the company, valued at approximately $33,888,786.26. This represents a 12.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark Shapiro sold 19,120 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 $3,716,736.80. Following the transaction, the insider owned 147,071 shares of the company’s stock, valued at $28,589,131.69. This trade represents a 11.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 97,325 shares of company stock valued at $18,798,012 over the last ninety days. Company insiders own 64.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TKO. Allworth Financial LP increased its holdings in TKO Group by 12.2% during the second quarter. Allworth Financial LP now owns 615 shares of the company’s stock worth $124,000 after buying an additional 67 shares during the last quarter. Wealthfront Advisers LLC raised its stake in TKO Group by 4.0% in the first quarter. Wealthfront Advisers LLC now owns 2,324 shares of the company’s stock valued at $469,000 after purchasing an additional 89 shares in the last quarter. Patton Fund Management Inc. lifted its position in TKO Group by 8.9% in the 1st quarter. Patton Fund Management Inc. now owns 1,219 shares of the company’s stock worth $246,000 after buying an additional 100 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in TKO Group by 543.5% in the first quarter. Cornerstone Planning Group LLC now owns 148 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in TKO Group by 5.8% in the second quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock worth $566,000 after purchasing an additional 155 shares during the last quarter. 89.79% of the stock is owned by institutional investors.

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.