Guggenheim Boosts TKO Group (NYSE:TKO) Price Target to $140.00

TKO Group (NYSE:TKO) had its target price boosted by Guggenheim from $135.00 to $140.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts also recently weighed in on TKO. Morgan Stanley upped their price target on TKO Group from $115.00 to $118.00 and gave the stock an equal weight rating in a research note on Friday, August 9th. Pivotal Research started coverage on TKO Group in a research note on Friday, September 13th. They issued a buy rating and a $170.00 price target for the company. Bank of America started coverage on TKO Group in a research note on Tuesday, August 20th. They issued a buy rating and a $140.00 price target for the company. The Goldman Sachs Group restated a buy rating and issued a $132.00 price target on shares of TKO Group in a research note on Thursday, September 12th. Finally, Redburn Atlantic started coverage on TKO Group in a research note on Thursday, July 18th. They issued a buy rating and a $129.00 price target for the company. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, TKO Group currently has an average rating of Moderate Buy and a consensus target price of $130.93.

TKO Group Stock Up 1.5 %

TKO stock opened at $124.08 on Monday. TKO Group has a twelve month low of $72.33 and a twelve month high of $125.49. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.34. The stock has a market cap of $21.13 billion, a P/E ratio of -122.85 and a beta of 1.04. The business’s 50-day moving average price is $116.83 and its 200-day moving average price is $106.70.

TKO Group (NYSE:TKO) last posted 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 3.14% and a positive return on equity of 3.10%. The company had revenue of $851.20 million for the quarter, compared to analysts’ expectations of $771.54 million. During the same period in the previous year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up 178.9% on a year-over-year basis. On average, equities research analysts forecast that TKO Group will post 4.17 EPS for the current year.

Insider Activity at TKO Group

In related news, Director Nick Khan sold 22,693 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the sale, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Nick Khan sold 22,693 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total transaction of $2,394,792.29. Following the sale, the director now owns 220,018 shares in the company, valued at approximately $23,218,499.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the sale, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. The disclosure for this sale can be found here. 53.80% of the stock is currently owned by insiders.

Institutional Trading of TKO Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. MFA Wealth Advisors LLC purchased a new stake in TKO Group in the second quarter worth $36,000. Quarry LP purchased a new stake in TKO Group in the second quarter worth $51,000. GAMMA Investing LLC increased its stake in TKO Group by 388.6% in the second quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after purchasing an additional 408 shares during the period. Scarborough Advisors LLC purchased a new stake in TKO Group in the fourth quarter worth $79,000. Finally, Sunbelt Securities Inc. increased its stake in TKO Group by 1,384.4% in the first quarter. Sunbelt Securities Inc. now owns 1,143 shares of the company’s stock worth $99,000 after purchasing an additional 1,066 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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.