Jefferies Financial Group Reiterates Hold Rating for Endeavor Group (NYSE:EDR)

Endeavor Group (NYSE:EDR - Get Free Report)'s stock had its "hold" rating restated by investment analysts at Jefferies Financial Group in a report released on Thursday, Benzinga reports. They currently have a $27.50 price target on the stock, down from their previous price target of $29.00. Jefferies Financial Group's target price suggests a potential upside of 4.44% from the stock's current price.

Other equities analysts have also issued research reports about the company. Guggenheim reiterated a "neutral" rating and issued a $27.50 price target (down previously from $36.00) on shares of Endeavor Group in a research report on Wednesday. Evercore ISI reiterated an "in-line" rating and issued a $27.50 target price (down from $28.00) on shares of Endeavor Group in a report on Wednesday. UBS Group restated a "neutral" rating and set a $27.50 price target (down previously from $31.00) on shares of Endeavor Group in a report on Wednesday. TD Cowen raised their price objective on shares of Endeavor Group from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, March 25th. Finally, StockNews.com downgraded shares of Endeavor Group from a "hold" rating to a "sell" rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Endeavor Group currently has a consensus rating of "Hold" and a consensus target price of $30.11.

Endeavor Group Price Performance

EDR stock traded up $0.13 during trading on Thursday, reaching $26.33. 13,501,025 shares of the company were exchanged, compared to its average volume of 4,331,713. The stock's 50 day moving average price is $24.74 and its 200 day moving average price is $23.38. Endeavor Group has a 52-week low of $17.65 and a 52-week high of $26.40. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $18.23 billion, a P/E ratio of 25.19, a PEG ratio of 1.58 and a beta of 0.82.

Endeavor Group (NYSE:EDR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, hitting analysts' consensus estimates of $0.07. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.55 billion. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. As a group, analysts predict that Endeavor Group will post 0.9 earnings per share for the current fiscal year.

Insider Transactions at Endeavor Group

In related news, CAO William K. Fullerton sold 1,148 shares of the business's stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $23.22, for a total value of $26,656.56. Following the completion of the sale, the chief accounting officer now owns 82,394 shares of the company's stock, valued at approximately $1,913,188.68. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Mark S. Shapiro sold 70,600 shares of Endeavor Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total value of $1,700,048.00. Following the completion of the sale, the insider now owns 81,460 shares of the company's stock, valued at approximately $1,961,556.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO William K. Fullerton sold 1,148 shares of the company's stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $23.22, for a total transaction of $26,656.56. Following the completion of the sale, the chief accounting officer now owns 82,394 shares of the company's stock, valued at $1,913,188.68. The disclosure for this sale can be found here. Insiders sold 177,781 shares of company stock valued at $4,322,060 in the last three months. Corporate insiders own 82.08% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EDR. Raymond James & Associates raised its holdings in Endeavor Group by 20.9% in the 1st quarter. Raymond James & Associates now owns 52,291 shares of the company's stock worth $1,544,000 after acquiring an additional 9,034 shares during the period. BlackRock Inc. boosted its stake in Endeavor Group by 2,528.7% during the 1st quarter. BlackRock Inc. now owns 22,423 shares of the company's stock valued at $663,000 after purchasing an additional 21,570 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Endeavor Group in the 1st quarter valued at approximately $475,000. Vanguard Group Inc. increased its position in Endeavor Group by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 10,031,273 shares of the company's stock worth $296,123,000 after buying an additional 70,123 shares during the period. Finally, Clearbridge Investments LLC boosted its position in shares of Endeavor Group by 10.3% in the first quarter. Clearbridge Investments LLC now owns 2,512,064 shares of the company's stock valued at $74,156,000 after acquiring an additional 233,683 shares during the period. 71.37% of the stock is owned by institutional investors.

Endeavor Group Company Profile

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.