TKO Group (NYSE:TKO) Rating Reiterated by The Goldman Sachs Group

TKO Group (NYSE:TKO)‘s stock had its “buy” rating restated by equities researchers at The Goldman Sachs Group in a research note issued to investors on Thursday, Benzinga reports. They presently have a $132.00 price target on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 14.53% from the company’s previous close.

TKO has been the topic of a number of other reports. TD Cowen boosted their price target on shares of TKO Group from $127.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Redburn Atlantic initiated coverage on TKO Group in a research report on Thursday, July 18th. They issued a “buy” rating and a $129.00 target price for the company. UBS Group lifted their price target on TKO Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Roth Mkm boosted their price objective on TKO Group from $121.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. raised their target price on TKO Group from $126.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.13.

TKO Group Stock Performance

Shares of NYSE TKO opened at $115.25 on Thursday. TKO Group has a 12-month low of $72.33 and a 12-month high of $120.70. The company has a market cap of $19.67 billion, a PE ratio of -114.11 and a beta of 1.04. The stock has a 50 day simple moving average of $113.01 and a 200-day simple moving average of $102.83. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.10). The business had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The company’s revenue for the quarter was up 178.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. On average, equities research analysts forecast that TKO Group will post 4.17 EPS for the current year.

Insider Buying and Selling at TKO Group

In other news, Director Nick Khan sold 22,693 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the completion of the sale, the director now owns 220,018 shares of the company’s stock, valued at $23,218,499.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

A number of hedge funds have recently made changes to their positions in TKO. Bank of Montreal Can boosted its position in TKO Group by 2.8% during the second quarter. Bank of Montreal Can now owns 6,652 shares of the company’s stock valued at $719,000 after purchasing an additional 184 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of TKO Group by 4.9% during the 2nd quarter. Truist Financial Corp now owns 5,278 shares of the company’s stock valued at $570,000 after buying an additional 248 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of TKO Group by 10.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,156 shares of the company’s stock valued at $341,000 after buying an additional 286 shares in the last quarter. State of Michigan Retirement System increased its holdings in TKO Group by 2.1% in the first quarter. State of Michigan Retirement System now owns 14,710 shares of the company’s stock worth $1,271,000 after buying an additional 300 shares during the last quarter. Finally, Commerce Bank lifted its stake in TKO Group by 5.0% in the fourth quarter. Commerce Bank now owns 6,973 shares of the company’s stock valued at $569,000 after acquiring an additional 332 shares during the last quarter. 89.79% of the stock is owned by hedge funds and other 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.