TKO Group (NYSE:TKO) Stock Price Target Lowered at The Goldman Sachs Group

TKO Group (NYSE:TKO – Get Free Report) had its price target dropped by investment analysts at The Goldman Sachs Group from $220.00 to $215.00 in a report released on Tuesday. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group‘s price target suggests a potential upside of 25.47% from the stock’s current price.

Several other equities analysts have also weighed in on the company. JPMorgan Chase & Co. cut their target price on TKO Group from $225.00 to $222.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Citigroup reaffirmed a “market outperform” rating on shares of TKO Group in a research note on Tuesday. BTIG Research reaffirmed a “buy” rating and issued a $237.00 price target on shares of TKO Group in a research note on Wednesday, October 21st. Guggenheim cut their price target on shares of TKO Group from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, October 20th. Finally, Sanford C. Bernstein lifted their price objective on shares of TKO Group from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $229.65.

Read Our Latest Stock Analysis on TKO Group

TKO Group Stock Performance

Shares of NYSE TKO traded up $0.12 during mid-day trading on Tuesday, hitting $171.35. The company had a trading volume of 48,206 shares, compared to its average volume of 1,215,473. TKO Group has a 12 month low of $170.18 and a 12 month high of $226.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $32.43 billion, a P/E ratio of 60.27 and a beta of 0.67. The business’s 50-day simple moving average is $184.39 and its 200-day simple moving average is $194.03.

TKO Group (NYSE:TKO – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.07). The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.54 billion. TKO Group had a return on equity of 2.67% and a net margin of 4.33%. TKO Group’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 EPS. As a group, analysts predict that TKO Group will post 4.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TKO Group news, Director Nick Khan sold 9,189 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $175.19, for a total value of $1,609,820.91. Following the completion of the sale, the director directly owned 20,162 shares in the company, valued at $3,532,180.78. This represents a 31.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ariel Emanuel sold 24,702 shares of TKO Group stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $194.39, for a total value of $4,801,821.78. Following the transaction, the chief executive officer owned 174,334 shares of the company’s stock, valued at $33,888,786.26. This represents a 12.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 97,325 shares of company stock valued at $18,798,012 over the last ninety days. 64.30% of the stock is owned by insiders.

Institutional Investors Weigh In On TKO Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC lifted its stake in TKO Group by 1.8% in the 3rd quarter. Inspire Investing LLC now owns 10,493 shares of the company’s stock valued at $1,886,000 after purchasing an additional 186 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in TKO Group by 3.7% in the third quarter. Nisa Investment Advisors LLC now owns 36,547 shares of the company’s stock valued at $6,568,000 after buying an additional 1,308 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of TKO Group by 1.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 73,772 shares of the company’s stock worth $13,258,000 after buying an additional 1,090 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of TKO Group by 33.2% during the third quarter. V Square Quantitative Management LLC now owns 1,854 shares of the company’s stock worth $333,000 after buying an additional 462 shares during the last quarter. Finally, QRG Capital Management Inc. increased its holdings in shares of TKO Group by 5.8% during the second quarter. QRG Capital Management Inc. now owns 2,812 shares of the company’s stock worth $566,000 after buying an additional 155 shares in the last quarter. 89.79% of the stock is owned by institutional investors.

About TKO Group

(Get Free Report)

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates UFC and WWE, two global combat-sports and sports-entertainment brands. UFC promotes mixed martial arts events, while WWE produces live and televised professional wrestling programming featuring its roster of performers, storylines and branded events.

In addition to its core properties, TKO provides related media, licensing, sponsorship, live-event and consumer-products opportunities. The company’s businesses serve audiences internationally through live events, broadcast and streaming distribution, digital content, merchandise and other commercial partnerships.

TKO was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings.

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Analyst Recommendations for TKO Group (NYSE:TKO)

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