Pivotal Research Issues Positive Forecast for TKO Group (NYSE:TKO) Stock Price

TKO Group (NYSE:TKO) had its price target increased by equities research analysts at Pivotal Research from $145.00 to $165.00 in a research report issued on Tuesday,Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the stock. Pivotal Research’s price target would indicate a potential upside of 20.62% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. Bank of America initiated coverage on shares of TKO Group in a research report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 target price on the stock. TD Cowen increased their target price on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. UBS Group lifted their price target on TKO Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Morgan Stanley increased their price objective on TKO Group from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Finally, Benchmark downgraded shares of TKO Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.43.

TKO Group Trading Up 0.8 %

Shares of TKO stock opened at $136.79 on Tuesday. The business has a 50-day moving average price of $123.63 and a two-hundred day moving average price of $115.03. TKO Group has a 12-month low of $72.33 and a 12-month high of $139.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market cap of $23.36 billion, a P/E ratio of -325.69 and a beta of 1.06.

TKO Group (NYSE:TKO) last released its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The firm had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business’s quarterly revenue was up 51.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. Equities analysts anticipate that TKO Group will post 3.88 EPS for the current fiscal year.

Insider Transactions at TKO Group

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of the stock in a transaction on Monday, September 16th. The stock was 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 in the company, valued at approximately $4,837,822.56. This represents a 42.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 53.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TKO. Massachusetts Financial Services Co. MA grew its holdings in TKO Group by 29.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,704,728 shares of the company’s stock worth $210,892,000 after purchasing an additional 383,869 shares during the period. Central Pacific Bank Trust Division increased its position in TKO Group by 499.8% during the 3rd quarter. Central Pacific Bank Trust Division now owns 5,998 shares of the company’s stock valued at $742,000 after buying an additional 4,998 shares in the last quarter. American Century Companies Inc. raised its stake in TKO Group by 1,439.7% during the second quarter. American Century Companies Inc. now owns 307,405 shares of the company’s stock valued at $33,197,000 after buying an additional 287,440 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in TKO Group by 3.8% in the second quarter. Epoch Investment Partners Inc. now owns 1,030,910 shares of the company’s stock worth $111,328,000 after acquiring an additional 37,576 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in shares of TKO Group by 9.2% during the second quarter. Texas Permanent School Fund Corp now owns 57,243 shares of the company’s stock valued at $6,182,000 after acquiring an additional 4,813 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.

About TKO Group

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.