Analysts Set Endeavor Group Holdings, Inc. (NYSE:EDR) Price Target at $27.86

Shares of Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) have earned a consensus rating of "Hold" from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $27.86.

Separately, StockNews.com assumed coverage on Endeavor Group in a research report on Saturday. They set a "hold" rating for the company.

Endeavor Group Trading Up 0.0 %

EDR stock traded up $0.01 during midday trading on Monday, hitting $28.56. The company had a trading volume of 2,064,035 shares, compared to its average volume of 3,728,002. The stock has a market cap of $19.79 billion, a price-to-earnings ratio of 51.91 and a beta of 0.77. Endeavor Group has a 52 week low of $17.65 and a 52 week high of $28.62. 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 stock's 50 day moving average price is $27.54 and its 200 day moving average price is $26.89.

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

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.84%. Endeavor Group's dividend payout ratio (DPR) is 43.64%.

Insider Buying and Selling at Endeavor Group

In related news, CEO Ariel Emanuel sold 27,816 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the transaction, the chief executive officer now directly owns 1,831,247 shares in the company, valued at approximately $51,293,228.47. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Endeavor Group news, CFO Jason Lublin sold 20,832 shares of Endeavor Group stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $27.28, for a total value of $568,296.96. Following the completion of the transaction, the chief financial officer now directly owns 130,187 shares of the company's stock, valued at $3,551,501.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ariel Emanuel sold 27,816 shares of Endeavor Group stock in a transaction on Friday, September 20th. The stock was sold at an average price of $28.01, for a total value of $779,126.16. Following the completion of the sale, the chief executive officer now directly owns 1,831,247 shares of the company's stock, valued at approximately $51,293,228.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,928 shares of company stock valued at $5,542,191. 63.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Endeavor Group

Institutional investors and hedge funds have recently modified their holdings of the company. Longfellow Investment Management Co. LLC purchased a new position in Endeavor Group in the second quarter worth about $75,000. PNC Financial Services Group Inc. grew its position in Endeavor Group by 14.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,200 shares of the company's stock valued at $76,000 after buying an additional 399 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Endeavor Group during the first quarter valued at approximately $102,000. SG Americas Securities LLC bought a new position in Endeavor Group in the second quarter worth approximately $130,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Endeavor Group during the 2nd quarter worth $226,000. 71.37% of the stock is currently owned by hedge funds and other 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.