TKO Group (NYSE:TKO) Given New $224.00 Price Target at Susquehanna

Key Points

• Susquehanna lowered its TKO Group price target to $224 from $235 while maintaining a positive rating, implying approximately 27.4% upside from the stock’s $175.77 price. Analysts overall maintain a “Moderate Buy” consensus with an average target of $235.25.
• TKO’s latest quarterly revenue rose 18.2% year over year to $1.55 billion, exceeding estimates, although earnings per share of $1.34 fell short of the $1.41 consensus.
• Insiders have sold shares recently, including CFO Andrew Schleimer and director Nick Khan; insiders sold 120,404 shares worth about $23 million over the past three months, while institutional investors own 89.79% of the stock.

TKO Group (NYSE:TKO - Get Free Report) had its price target cut by stock analysts at Susquehanna from $235.00 to $224.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a "positive" rating on the stock. Susquehanna's target price points to a potential upside of 27.44% from the company's current price.

Other analysts have also recently issued reports about the company. Sanford C. Bernstein upped their target price on TKO Group from $235.00 to $240.00 and gave the company an "outperform" rating in a report on Wednesday, September 16th. Morgan Stanley boosted their target price on TKO Group from $225.00 to $230.00 and gave the company an "overweight" rating in a research report on Tuesday, August 4th. Weiss Ratings restated a "hold (c+)" rating on shares of TKO Group in a report on Tuesday, August 4th. Roth Capital restated a "buy" rating and issued a $230.00 target price on shares of TKO Group in a report on Tuesday, August 4th. Finally, BTIG Research restated a "buy" rating and set a $237.00 price target on shares of TKO Group in a report on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $235.25.

TKO Group Stock Up 2.0%

Shares of NYSE:TKO opened at $175.77 on Friday. 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 $33.27 billion, a PE ratio of 61.67 and a beta of 0.67. TKO Group has a 52-week low of $170.92 and a 52-week high of $226.94. The company has a fifty day moving average of $186.87 and a 200-day moving average of $190.76.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly 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 firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm posted $1.17 earnings per share. The business's revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities analysts predict that TKO Group will post 4.42 EPS for the current fiscal year.

Insider Activity

In related news, CFO Andrew M. Schleimer sold 9,942 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 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 trade represents a 20.72% decrease in their ownership of the stock. The transaction 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, Director Nick Khan sold 9,189 shares of TKO Group stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $175.19, for a total value of $1,609,820.91. Following the sale, the director owned 20,162 shares of the company's stock, valued at approximately $3,532,180.78. This trade represents a 31.31% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 120,404 shares of company stock valued at $23,002,548. Corporate insiders own 64.30% of the company's stock.

Institutional Trading of TKO Group

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in TKO Group by 22.5% in the first quarter. Bank of America Corp DE now owns 1,393,727 shares of the company's stock worth $281,045,000 after buying an additional 256,305 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in TKO Group by 2,440.3% in the first quarter. Pacer Advisors Inc. now owns 135,346 shares of the company's stock valued at $27,293,000 after acquiring an additional 130,018 shares in the last quarter. Hawk Ridge Capital Management LP increased its position in shares of TKO Group by 16.5% during the first quarter. Hawk Ridge Capital Management LP now owns 413,641 shares of the company's stock valued at $83,411,000 after buying an additional 58,604 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of TKO Group in the 2nd quarter worth approximately $9,698,000. Finally, Cat Rock Capital Management LP raised its holdings in TKO Group by 10.7% in the second quarter. Cat Rock Capital Management LP now owns 339,211 shares of the company's stock worth $68,287,000 after purchasing an additional 32,700 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

About TKO Group

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE). The company was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings, creating a platform focused on live sports and entertainment properties.

UFC organizes and promotes mixed martial arts events, distributes related media content, and manages sponsorship, licensing, and consumer products. WWE produces professional wrestling programming and live events, including its flagship brands and premium events, while also generating revenue through media rights, sponsorships, licensing, merchandise, and digital content.

TKO serves audiences and commercial partners internationally through televised and streaming programming, live events, and licensed products.

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