TKO Group Holdings, Inc. (NYSE:TKO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

TKO Group Holdings, Inc. (NYSE:TKO) has been given a consensus rating of “Moderate Buy” by the fourteen analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $107.46.

TKO has been the topic of a number of analyst reports. TD Cowen began coverage on shares of TKO Group in a research note on Friday, January 12th. They set a “market perform” rating and a $92.00 price objective on the stock. Northcoast Research began coverage on shares of TKO Group in a report on Tuesday, February 6th. They set a “buy” rating and a $105.00 price target for the company. Moffett Nathanson began coverage on shares of TKO Group in a research note on Monday, January 29th. They issued a “neutral” rating and a $95.00 price objective for the company. Citigroup lifted their price objective on shares of TKO Group from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, Jefferies Financial Group began coverage on shares of TKO Group in a research report on Monday, February 12th. They issued a “buy” rating and a $120.00 price target for the company.

TKO Group Stock Performance

NYSE TKO opened at $92.51 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average price is $85.02 and its two-hundred day moving average price is $81.86. TKO Group has a 1 year low of $72.33 and a 1 year high of $106.16. The firm has a market capitalization of $15.91 billion, a P/E ratio of 136.04 and a beta of 1.06.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.59). TKO Group had a net margin of 3.02% and a return on equity of 3.11%. The company had revenue of $614.00 million during the quarter, compared to the consensus estimate of $619.48 million. As a group, research analysts anticipate that TKO Group will post 2.39 EPS for the current year.

Institutional Investors Weigh In On TKO Group

Hedge funds have recently made changes to their positions in the business. Lindsell Train Ltd bought a new stake in TKO Group in the 3rd quarter valued at about $495,949,000. Vanguard Group Inc. purchased a new position in shares of TKO Group during the third quarter worth about $419,731,000. Ninety One UK Ltd purchased a new stake in TKO Group in the third quarter worth approximately $320,964,000. FMR LLC purchased a new stake in TKO Group in the third quarter worth approximately $136,131,000. Finally, Clearbridge Investments LLC purchased a new stake in shares of TKO Group during the third quarter valued at approximately $118,378,000. 89.79% of the stock is currently owned by institutional investors.

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.