Endeavor Group (NYSE:EDR) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Endeavor Group (NYSE:EDR) in a research note released on Wednesday. The firm issued a hold rating on the stock.

Separately, Piper Sandler lowered Endeavor Group from a strong-buy rating to a hold rating in a research report on Monday, May 13th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $27.86.

Endeavor Group Stock Performance

Shares of EDR stock opened at $27.48 on Wednesday. The stock has a 50-day simple moving average of $27.35 and a 200 day simple moving average of $26.46. The stock has a market capitalization of $19.04 billion, a P/E ratio of 49.95 and a beta of 0.78. Endeavor Group has a fifty-two week low of $17.65 and a fifty-two week high of $27.62. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings data 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). Endeavor Group had a positive return on equity of 4.45% and a negative net margin of 6.23%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.87 billion. On average, sell-side analysts expect that Endeavor Group will post 1.4 earnings per share for the current fiscal year.

Endeavor Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.06 per share. 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 0.87%. Endeavor Group’s payout ratio is presently 43.64%.

Insider Activity

In related news, CFO Jason Lublin sold 20,832 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $27.28, for a total transaction of $568,296.96. Following the completion of the sale, the chief financial officer now directly owns 130,187 shares in the company, valued at $3,551,501.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 63.90% of the stock is owned by corporate insiders.

Institutional Trading of Endeavor Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Longfellow Investment Management Co. LLC acquired a new position in Endeavor Group in the 2nd quarter worth about $75,000. PNC Financial Services Group Inc. raised 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 acquiring an additional 399 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Endeavor Group in the first quarter valued at approximately $102,000. SG Americas Securities LLC bought a new stake in Endeavor Group in the second quarter worth approximately $130,000. Finally, Quest Partners LLC acquired a new position in shares of Endeavor Group during the 4th quarter worth $177,000. 71.37% of the stock is currently owned by hedge funds and other 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.