TKO Group (NYSE:TKO) Stock Keeps “Buy” Rating at BTIG Research

TKO Group (NYSE:TKO)‘s stock had its “buy” rating reissued by analysts at BTIG Research in a note issued to investors on Wednesday, Benzinga reports. They presently have a $237.00 price objective on the stock. BTIG Research‘s price objective indicates a potential upside of 33.76% from the stock’s current price.

Several other research analysts have also recently commented on TKO. Arete Research upgraded TKO Group from a “neutral” rating to a “buy” rating and set a $208.00 price target on the stock in a research note on Tuesday. Sanford C. Bernstein increased their price target on TKO Group from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Guggenheim reduced 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. Morgan Stanley upped their price objective on TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of TKO Group in a research note on Tuesday, August 4th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $232.62.

TKO Group Stock Down 0.4%

Shares of NYSE TKO traded down $0.76 on Wednesday, hitting $177.18. The company had a trading volume of 129,620 shares, compared to its average volume of 1,219,333. TKO Group has a 12-month low of $170.92 and a 12-month high of $226.94. The business has a 50 day moving average of $185.71 and a two-hundred day moving average of $190.10. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $33.54 billion, a P/E ratio of 62.13 and a beta of 0.67.

TKO Group (NYSE:TKO) last issued its earnings results on Monday, August 3rd. The company reported $1.34 earnings per share 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 company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the company earned $1.17 EPS. TKO Group’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts forecast that TKO Group will post 4.43 earnings per share for the current fiscal year.

Insider Transactions at TKO Group

In other news, Director Nick Khan sold 9,589 shares of TKO Group stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $197.17, for a total transaction of $1,890,663.13. Following the transaction, the director directly owned 39,344 shares in the company, valued at approximately $7,757,456.48. This trade represents a 19.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ariel Emanuel sold 24,702 shares of TKO Group stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $4,801,821.78. Following the completion of the transaction, the chief executive officer owned 174,334 shares in the company, valued at $33,888,786.26. The trade was a 12.41% 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 a total of 97,325 shares of company stock valued at $18,798,012 in the last quarter. Company insiders own 64.30% of the company’s stock.

Institutional Trading of TKO Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its position in shares of TKO Group by 3.7% in the third quarter. Nisa Investment Advisors LLC now owns 36,547 shares of the company’s stock worth $6,568,000 after buying an additional 1,308 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in TKO Group by 1.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 73,772 shares of the company’s stock valued at $13,258,000 after purchasing an additional 1,090 shares during the last quarter. V Square Quantitative Management LLC boosted its position in TKO Group by 33.2% during the third quarter. V Square Quantitative Management LLC now owns 1,854 shares of the company’s stock valued at $333,000 after purchasing an additional 462 shares during the last quarter. QRG Capital Management Inc. boosted its position in TKO Group by 5.8% during the second quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock valued at $566,000 after purchasing an additional 155 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in TKO Group by 26.7% during the second quarter. Sequoia Financial Advisors LLC now owns 2,797 shares of the company’s stock valued at $563,000 after purchasing an additional 590 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

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.