Endeavor Group Holdings, Inc. (NYSE:EDR) Given Average Rating of "Hold" by Analysts

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) has been given an average recommendation of "Hold" by the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $27.86.

A number of analysts have issued reports on EDR shares. Piper Sandler downgraded shares of Endeavor Group from a "strong-buy" rating to a "hold" rating in a report on Monday, May 13th. StockNews.com started coverage on Endeavor Group in a research note on Wednesday. They issued a "hold" rating for the company.

Endeavor Group Stock Performance

Shares of NYSE:EDR traded down $0.09 during trading on Thursday, reaching $27.39. 5,450,973 shares of the stock were exchanged, compared to its average volume of 3,697,903. Endeavor Group has a 12 month low of $17.65 and a 12 month high of $27.62. The stock has a 50-day moving average price of $27.35 and a 200-day moving average price of $26.46. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a market cap of $18.98 billion, a PE ratio of 49.95 and a beta of 0.78.

Endeavor Group (NYSE:EDR - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.06). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.87 billion. Endeavor Group had a negative net margin of 6.23% and a positive return on equity of 4.45%. Research analysts expect that Endeavor Group will post 1.4 EPS for the current fiscal year.

Endeavor Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Monday, September 16th. Endeavor Group's dividend payout ratio (DPR) is presently 43.64%.

Insider Activity at Endeavor Group

In related news, CFO Jason Lublin sold 20,832 shares of the business's stock in a transaction on Monday, July 29th. The stock was sold at an average price of $27.28, for a total transaction of $568,296.96. Following the sale, the chief financial officer now owns 130,187 shares in the company, valued at approximately $3,551,501.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 63.90% of the stock is owned by insiders.

Institutional Trading of Endeavor Group

Several institutional investors have recently added to or reduced their stakes in EDR. Longfellow Investment Management Co. LLC bought a new stake in Endeavor Group in the second quarter worth approximately $75,000. PNC Financial Services Group Inc. increased its stake in shares of Endeavor Group by 14.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company's stock valued at $76,000 after acquiring an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Endeavor Group during the 1st quarter valued at $102,000. SG Americas Securities LLC bought a new position in Endeavor Group during the second quarter worth $130,000. Finally, Quest Partners LLC bought a new position in Endeavor Group during the fourth quarter worth $177,000. 71.37% of the stock is currently owned by institutional investors.

About Endeavor Group

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.