TKO Group (NYSE:TKO) Given New $225.00 Price Target at Citigroup

Key Points

• Citigroup has increased TKO Group's price target from $200 to $225, indicating a potential upside of 18.38% and maintaining a "buy" rating on the stock.
• TKO Group's stock recently traded down 0.5% to $190.07, with a 1-year high of $194.76 and a market capitalization of $37.62 billion.
• Despite missing EPS expectations in its latest quarterly results, TKO Group achieved a significant revenue increase of 53.7% compared to the same quarter last year.

TKO Group (NYSE:TKO - Get Free Report) had its target price lifted by stock analysts at Citigroup from $200.00 to $225.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price objective indicates a potential upside of 18.38% from the stock's current price.

Several other equities analysts also recently issued reports on the stock. Sanford C. Bernstein began coverage on shares of TKO Group in a report on Wednesday, June 4th. They set an "outperform" rating and a $190.00 price objective on the stock. Northcoast Research cut shares of TKO Group from a "buy" rating to a "neutral" rating in a research note on Thursday, July 10th. The Goldman Sachs Group raised their price objective on shares of TKO Group from $170.00 to $188.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Guggenheim lifted their price target on shares of TKO Group from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Roth Capital set a $210.00 price target on shares of TKO Group and gave the company a "buy" rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $187.38.

TKO Group Stock Down 0.5%

NYSE:TKO traded down $0.93 during mid-day trading on Friday, reaching $190.07. The company's stock had a trading volume of 170,451 shares, compared to its average volume of 1,292,339. TKO Group has a 1 year low of $113.16 and a 1 year high of $194.76. The stock has a fifty day moving average of $171.58 and a 200-day moving average of $161.58. The firm has a market capitalization of $37.62 billion, a PE ratio of 78.51 and a beta of 0.72. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.28.

TKO Group (NYSE:TKO - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.23 billion. TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The business's quarterly revenue was up 53.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share. Equities research analysts forecast that TKO Group will post 3.88 earnings per share for the current year.

Insider Buying and Selling at TKO Group

In related news, Director Peter C. B. Bynoe acquired 980 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were acquired at an average price of $169.59 per share, with a total value of $166,198.20. Following the completion of the purchase, the director directly owned 2,747 shares in the company, valued at approximately $465,863.73. The trade was a 55.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nick Khan sold 9,519 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $167.36, for a total value of $1,593,099.84. Following the sale, the director directly owned 146,975 shares in the company, valued at approximately $24,597,736. The trade was a 6.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,725 shares of company stock valued at $12,501,561. Insiders own 61.30% of the company's stock.

Hedge Funds Weigh In On TKO Group

A number of large investors have recently modified their holdings of TKO. Focus Partners Advisor Solutions LLC raised its stake in TKO Group by 3.6% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company's stock valued at $261,000 after acquiring an additional 63 shares in the last quarter. Howe & Rusling Inc. raised its stake in TKO Group by 4.7% during the 2nd quarter. Howe & Rusling Inc. now owns 1,603 shares of the company's stock valued at $292,000 after acquiring an additional 72 shares in the last quarter. CreativeOne Wealth LLC raised its stake in TKO Group by 3.0% during the 2nd quarter. CreativeOne Wealth LLC now owns 2,503 shares of the company's stock valued at $455,000 after acquiring an additional 73 shares in the last quarter. Retirement Systems of Alabama raised its stake in TKO Group by 0.5% during the 2nd quarter. Retirement Systems of Alabama now owns 14,385 shares of the company's stock valued at $2,617,000 after acquiring an additional 77 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its stake in TKO Group by 1.1% during the 1st quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company's stock valued at $1,155,000 after acquiring an additional 82 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

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.

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