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

TKO Group (NYSE:TKO) had its price objective upped by equities researchers at Guggenheim from $135.00 to $140.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim’s price target would indicate a potential upside of 12.14% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $132.00 price target on shares of TKO Group in a report on Thursday, September 12th. JPMorgan Chase & Co. increased their target price on TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Morgan Stanley boosted their price target on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Redburn Atlantic assumed coverage on TKO Group in a report on Thursday, July 18th. They set a “buy” rating and a $129.00 price objective for the company. Finally, 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 target price on the stock. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.47.

TKO Group Trading Down 0.1 %

Shares of TKO stock traded down $0.16 on Monday, hitting $124.84. The stock had a trading volume of 190,288 shares, compared to its average volume of 1,078,618. 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 has a twelve month low of $72.33 and a twelve month high of $125.49. The company has a fifty day moving average price of $115.80 and a two-hundred day moving average price of $105.97. The firm has a market cap of $21.26 billion, a P/E ratio of -123.60 and a beta of 1.04.

TKO Group (NYSE:TKO) last announced 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). TKO Group had a positive return on equity of 3.10% and a negative net margin of 3.14%. The business had revenue of $851.20 million during the quarter, compared to the consensus estimate of $771.54 million. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue was up 178.9% compared to the same quarter last year. As a group, analysts forecast that TKO Group will post 4.17 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Nick Khan sold 22,693 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $105.53, for a total value of $2,394,792.29. Following the transaction, the director now directly owns 220,018 shares in the company, valued at $23,218,499.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other TKO Group news, Director Nick Khan sold 22,693 shares of the company’s 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 completion of the sale, the director now directly owns 220,018 shares in the company, valued at $23,218,499.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 42,156 shares of the company’s stock, valued at $4,837,822.56. The disclosure for this sale can be found here. Insiders own 53.80% of the company’s stock.

Hedge Funds Weigh In On TKO Group

Institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new stake in TKO Group in the 2nd quarter valued at about $524,000. Clearbridge Investments LLC increased its stake 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 during the last quarter. Truist Financial Corp lifted its holdings in TKO Group by 4.9% during the second quarter. Truist Financial Corp now owns 5,278 shares of the company’s stock worth $570,000 after acquiring an additional 248 shares during the period. Quarry LP bought a new position in TKO Group during the second quarter valued at about $51,000. Finally, Creative Planning increased its stake in shares of TKO Group by 8.9% during the 2nd quarter. Creative Planning now owns 9,985 shares of the company’s stock worth $1,078,000 after purchasing an additional 816 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.

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.