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

by · The Markets Daily

TKO Group (NYSE:TKO – Get Free Report)‘s stock had its “buy” rating reaffirmed by BTIG Research in a report issued on Wednesday, Benzinga reports. They presently have a $237.00 price objective on the stock. BTIG Research‘s target price suggests a potential upside of 32.14% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Susquehanna cut their target price on shares of TKO Group from $235.00 to $224.00 and set a “positive” rating for the company in a research report on Friday, October 16th. Arete Research upgraded shares of TKO Group from a “neutral” rating to a “buy” rating and set a $208.00 target price for the company in a research report on Tuesday. Sanford C. Bernstein boosted their target price on shares of TKO Group from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Morgan Stanley boosted their target price on shares of TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Finally, Guggenheim cut their target price on shares of TKO Group from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $232.62.

Read Our Latest Analysis on TKO Group

TKO Group Stock Performance

Shares of TKO stock opened at $179.36 on Wednesday. The company has a 50 day moving average price of $186.06 and a 200-day moving average price of $190.29. TKO Group has a 52 week low of $170.92 and a 52 week high of $226.94. The firm has a market capitalization of $33.95 billion, a PE ratio of 62.93 and a beta of 0.67. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58.

TKO Group (NYSE:TKO – Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.07). The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. TKO Group had a net margin of 4.33% and a return on equity of 2.67%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 earnings per share. As a group, equities research analysts expect that TKO Group will post 4.43 earnings per share for the current year.

Insider Buying and Selling at TKO Group

In related news, CEO Ariel Emanuel sold 24,702 shares of the business’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 $4,801,821.78. Following the completion of the sale, the chief executive officer directly owned 174,334 shares in the company, valued at approximately $33,888,786.26. The trade was a 12.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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, CFO Andrew Schleimer sold 9,942 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total transaction of $1,932,625.38. Following the completion of the transaction, the chief financial officer owned 38,051 shares of the company’s stock, valued at approximately $7,396,733.89. The trade was a 20.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 97,325 shares of company stock valued at $18,798,012. 64.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TKO Group

A number of hedge funds have recently modified their holdings of TKO. Cornerstone Planning Group LLC boosted its position in shares of 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 period. Ameritas Advisory Services LLC bought a new position in shares of TKO Group in the second quarter worth approximately $43,000. Summit Securities Group LLC boosted its position in shares of TKO Group by 211.1% in the first quarter. Summit Securities Group LLC now owns 308 shares of the company’s stock worth $62,000 after purchasing an additional 209 shares during the period. Contravisory Investment Management Inc. bought a new position in shares of TKO Group in the first quarter worth approximately $79,000. Finally, AlphaCentric Advisors LLC bought a new position in shares of TKO Group in the first quarter worth approximately $99,000. 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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