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

TKO Group (NYSE:TKO) had its price target boosted by analysts at Pivotal Research from $145.00 to $165.00 in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The brokerage currently has a “buy” rating on the stock. Pivotal Research’s price target points to a potential upside of 20.62% from the stock’s previous close.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of TKO Group from $132.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their price target on TKO Group from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Morgan Stanley increased their price objective on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Guggenheim upped their price target on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, TD Cowen raised their price objective on TKO Group from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.43.

TKO Group Stock Performance

Shares of TKO Group stock opened at $136.79 on Tuesday. The business has a 50-day simple moving average of $123.63 and a 200 day simple moving average of $115.03. The firm has a market capitalization of $23.36 billion, a price-to-earnings ratio of -325.69 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.17. TKO Group has a one year low of $72.33 and a one year high of $139.09.

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

Insider Activity

In related news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction that occurred on 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 directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. The trade was a 42.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 53.80% of the company’s stock.

Hedge Funds Weigh In On TKO Group

Several hedge funds have recently made changes to their positions in the stock. Comerica Bank grew its holdings in TKO Group by 5.5% during the 1st quarter. Comerica Bank now owns 28,979 shares of the company’s stock valued at $2,504,000 after buying an additional 1,503 shares in the last quarter. GAMMA Investing LLC increased its holdings in TKO Group by 388.6% during the 2nd quarter. GAMMA Investing LLC now owns 513 shares of the company’s stock worth $55,000 after acquiring an additional 408 shares during the period. Park Avenue Securities LLC lifted its stake in TKO Group by 5.8% in the 2nd quarter. Park Avenue Securities LLC now owns 8,108 shares of the company’s stock worth $876,000 after purchasing an additional 448 shares in the last quarter. Annex Advisory Services LLC boosted its holdings in TKO Group by 23.8% in the 2nd quarter. Annex Advisory Services LLC now owns 205,469 shares of the company’s stock valued at $22,189,000 after purchasing an additional 39,559 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of TKO Group by 109.8% during the 2nd quarter. SG Americas Securities LLC now owns 3,323 shares of the company’s stock valued at $359,000 after purchasing an additional 1,739 shares in the last quarter. 89.79% of the stock is currently owned by hedge funds and other 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.