Pivotal Research Forecasts Strong Price Appreciation for TKO Group (NYSE:TKO) Stock

TKO Group (NYSE:TKO) had its price objective raised by analysts at Pivotal Research from $140.00 to $145.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Pivotal Research’s price target would suggest a potential upside of 20.65% from the company’s previous close.

Other analysts also recently issued research reports about the stock. UBS Group raised their price target on shares of TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Bank of America began coverage on shares of TKO Group in a research note on Tuesday, August 20th. They set a “buy” rating and a $140.00 price objective on the stock. Roth Mkm boosted their target price on shares of TKO Group from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Benchmark cut shares of TKO Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price target on TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

TKO Group Stock Up 2.0 %

Shares of TKO Group stock opened at $120.18 on Thursday. TKO Group has a 1-year low of $72.33 and a 1-year high of $130.95. The company has a market capitalization of $20.51 billion, a PE ratio of -286.14 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50-day moving average of $121.38 and a 200-day moving average of $112.53.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.10). TKO Group had a negative net margin of 1.26% and a positive return on equity of 3.39%. The business had revenue of $851.20 million for the quarter, compared to analyst estimates of $771.54 million. During the same quarter last year, the business earned $0.91 EPS. TKO Group’s revenue for the quarter was up 178.9% compared to the same quarter last year. As a group, equities analysts forecast that TKO Group will post 4.07 EPS for the current fiscal year.

Insider Buying and Selling at TKO Group

In other news, insider Mark S. Shapiro sold 31,026 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the completion of the transaction, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 53.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TKO Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in TKO Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 6,074,522 shares of the company’s stock valued at $524,899,000 after acquiring an additional 79,166 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of TKO Group by 15.9% during the second quarter. Ninety One UK Ltd now owns 4,065,230 shares of the company’s stock valued at $439,004,000 after purchasing an additional 557,444 shares during the period. Darlington Partners Capital Management LP raised its stake in shares of TKO Group by 3.1% during the second quarter. Darlington Partners Capital Management LP now owns 3,065,703 shares of the company’s stock valued at $331,065,000 after purchasing an additional 90,868 shares in the last quarter. XN LP lifted its holdings in TKO Group by 100.9% in the first quarter. XN LP now owns 1,983,346 shares of the company’s stock worth $171,381,000 after purchasing an additional 996,161 shares during the period. Finally, Clearbridge Investments LLC grew its position in TKO Group by 9.5% in the 2nd quarter. Clearbridge Investments LLC now owns 1,800,784 shares of the company’s stock valued at $194,467,000 after buying an additional 155,940 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors and hedge funds.

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.