TKO Group (NYSE:TKO) Stock Rating Raised to Buy at Arete Research

by · The Cerbat Gem

TKO Group (NYSE:TKO – Get Free Report) was upgraded by equities researchers at Arete Research from a “neutral” rating to a “buy” rating in a report released on Tuesday, MarketBeat.com reports. The firm presently has a $208.00 target price on the stock. Arete Research’s target price would suggest a potential upside of 19.02% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Seaport Research Partners restated a “buy” rating on shares of TKO Group in a research note on Friday, October 9th. Susquehanna dropped their price objective on shares of TKO Group from $235.00 to $224.00 and set a “positive” rating for the company in a research note on Friday. Guggenheim boosted their price objective on shares of TKO Group from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. BTIG Research reissued a “buy” rating and issued a $237.00 price objective on shares of TKO Group in a report on Tuesday, August 4th. Finally, Roth Capital restated a “buy” rating and set a $230.00 target price on shares of TKO Group in a research report on Tuesday, August 4th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $233.15.

View Our Latest Analysis on TKO Group

TKO Group Stock Performance

Shares of NYSE TKO opened at $174.77 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $33.08 billion, a price-to-earnings ratio of 61.32 and a beta of 0.67. The stock’s fifty day moving average price is $186.36 and its two-hundred day moving average price is $190.44. TKO Group has a one year low of $170.92 and a one year high of $226.94.

TKO Group (NYSE:TKO – Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.07). The firm had revenue of $1.55 billion for 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%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 EPS. On average, equities analysts forecast that TKO Group will post 4.42 EPS for the current year.

Insider Activity

In other news, CFO Andrew Schleimer sold 9,942 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $1,932,625.38. Following the completion of the sale, the chief financial officer owned 38,051 shares of the company’s stock, valued at approximately $7,396,733.89. This represents a 20.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 company’s stock in a transaction that occurred 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 sale, the director directly owned 39,344 shares of the company’s stock, valued at approximately $7,757,456.48. This trade represents a 19.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 97,325 shares of company stock valued at $18,798,012 over the last quarter. 64.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TKO Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in TKO. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of 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 worth $13,258,000 after purchasing an additional 1,090 shares during the period. V Square Quantitative Management LLC increased its position in shares of TKO Group by 33.2% during the third quarter. V Square Quantitative Management LLC now owns 1,854 shares of the company’s stock worth $333,000 after buying an additional 462 shares during the period. QRG Capital Management Inc. increased its position in shares of TKO Group by 5.8% during the second 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 period. Sequoia Financial Advisors LLC raised its stake in TKO Group by 26.7% during the second quarter. Sequoia Financial Advisors LLC now owns 2,797 shares of the company’s stock worth $563,000 after buying an additional 590 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in TKO Group by 19.5% during the second quarter. Integrated Wealth Concepts LLC now owns 1,983 shares of the company’s stock worth $399,000 after buying an additional 324 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

About TKO Group

(Get Free Report)

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.

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