TKO Group (NYSE:TKO) Earns Buy Rating from Roth Mkm

Roth Mkm reiterated their buy rating on shares of TKO Group (NYSE:TKO - Free Report) in a research note published on Friday, Benzinga reports. The brokerage currently has a $112.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen began coverage on shares of TKO Group in a report on Friday, January 12th. They issued a market perform rating and a $92.00 target price on the stock. Jefferies Financial Group raised their target price on shares of TKO Group from $120.00 to $131.00 and gave the stock a buy rating in a report on Friday. Citigroup raised their target price on shares of TKO Group from $125.00 to $130.00 and gave the stock a buy rating in a report on Tuesday, March 19th. Bank of America initiated coverage on shares of TKO Group in a report on Friday, March 15th. They issued a buy rating and a $100.00 target price on the stock. Finally, Moffett Nathanson initiated coverage on shares of TKO Group in a research note on Monday, January 29th. They set a neutral rating and a $95.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, TKO Group presently has a consensus rating of Moderate Buy and an average target price of $108.31.

TKO Group Stock Performance

TKO traded up $0.38 during midday trading on Friday, hitting $98.04. 1,509,180 shares of the company traded hands, compared to its average volume of 1,477,678. The company's 50-day moving average is $86.32 and its 200 day moving average is $82.19. TKO Group has a 52 week low of $72.33 and a 52 week high of $106.16. The firm has a market capitalization of $16.86 billion, a PE ratio of 144.18 and a beta of 1.06. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.33.

TKO Group (NYSE:TKO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.59). TKO Group had a net margin of 3.02% and a return on equity of 3.11%. The company had revenue of $614.00 million for the quarter, compared to the consensus estimate of $619.48 million. On average, research analysts expect that TKO Group will post 2.39 EPS for the current year.

Insider Activity at TKO Group

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of TKO Group stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the transaction, the insider now owns 9,875,129 shares in the company, valued at approximately $878,985,232.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 38.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Picton Mahoney Asset Management increased its holdings in TKO Group by 8.7% in the 4th quarter. Picton Mahoney Asset Management now owns 1,870 shares of the company's stock valued at $152,000 after acquiring an additional 150 shares during the last quarter. Strengthening Families & Communities LLC bought a new stake in TKO Group in the 3rd quarter valued at $26,000. Quent Capital LLC bought a new stake in TKO Group in the 3rd quarter valued at $27,000. Covestor Ltd bought a new stake in TKO Group in the 3rd quarter valued at $27,000. Finally, Fifth Third Bancorp bought a new stake in TKO Group in the 3rd quarter valued at $27,000. Hedge funds and other institutional investors own 89.79% of the company's stock.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.