TKO Group (NYSE:TKO) Stock Price Expected to Rise, Guggenheim Analyst Says

Key Points

• Guggenheim analysts raised the price target for TKO Group from $200.00 to $205.00, suggesting a potential upside of 9.11% from the previous close, while maintaining a "buy" rating.
• Several other firms also issued favorable ratings with target prices ranging from $182.00 to $210.00, contributing to a consensus rating of "Moderate Buy" with an average target price of $183.15.
• TKO Group reported a 53.7% increase in quarterly revenue year-over-year, despite missing earnings expectations, with a reported earnings per share of $1.17 against the consensus estimate of $1.23.

TKO Group (NYSE:TKO - Get Free Report) had its price target upped by analysts at Guggenheim from $200.00 to $205.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Guggenheim's price target would indicate a potential upside of 9.11% from the company's previous close.

Several other equities analysts also recently weighed in on the company. Roth Capital set a $210.00 target price on TKO Group and gave the company a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. upped their target price on TKO Group from $158.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Bank of America boosted their price target on TKO Group from $200.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday. Northcoast Research lowered TKO Group from a "buy" rating to a "neutral" rating in a report on Thursday, July 10th. Finally, UBS Group upped their target price on TKO Group from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, TKO Group currently has a consensus rating of "Moderate Buy" and an average target price of $183.15.

TKO Group Trading Up 1.0%

Shares of NYSE:TKO traded up $1.87 during trading on Wednesday, hitting $187.89. The company had a trading volume of 97,681 shares, compared to its average volume of 1,292,417. The stock has a market cap of $37.18 billion, a price-to-earnings ratio of 77.64 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 1.30. The company has a fifty day simple moving average of $170.62 and a two-hundred day simple moving average of $161.11. TKO Group has a one year low of $113.16 and a one year high of $188.89.

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

Insider Activity

In other news, Director Nick Khan sold 9,519 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $167.36, for a total transaction of $1,593,099.84. Following the sale, the director directly owned 146,975 shares in the company, valued at $24,597,736. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter C. B. Bynoe bought 980 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were acquired at an average price of $169.59 per share, for a total transaction of $166,198.20. Following the completion of the transaction, the director directly owned 2,747 shares in the company, valued at approximately $465,863.73. This trade represents a 55.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 73,725 shares of company stock worth $12,501,561 in the last ninety days. Company insiders own 53.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Sentry Investment Management LLC purchased a new stake in shares of TKO Group during the 1st quarter valued at approximately $25,000. Hemington Wealth Management raised its position in shares of TKO Group by 425.0% during the 1st quarter. Hemington Wealth Management now owns 168 shares of the company's stock valued at $25,000 after buying an additional 136 shares during the period. Whittier Trust Co. raised its position in shares of TKO Group by 350.0% during the 2nd quarter. Whittier Trust Co. now owns 135 shares of the company's stock valued at $25,000 after buying an additional 105 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of TKO Group during the 1st quarter valued at approximately $26,000. Finally, Golden State Wealth Management LLC raised its position in shares of TKO Group by 840.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 141 shares of the company's stock valued at $26,000 after buying an additional 126 shares during the period. 89.79% of the stock is owned by hedge funds and other institutional investors.

About TKO Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.