TKO Group (NYSE:TKO) Price Target Increased to $140.00 by Analysts at Guggenheim

TKO Group (NYSE:TKO) had its price objective hoisted by Guggenheim from $135.00 to $140.00 in a report published on Monday, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently commented on TKO. Roth Mkm boosted their price objective on TKO Group from $121.00 to $130.00 and gave the company a buy rating in a research report on Monday, July 22nd. Bank of America started coverage on TKO Group in a research report on Tuesday, August 20th. They issued a buy rating and a $140.00 price objective on the stock. The Goldman Sachs Group restated a buy rating and issued a $132.00 price objective on shares of TKO Group in a research report on Thursday, September 12th. JPMorgan Chase & Co. boosted their price objective on TKO Group from $126.00 to $132.00 and gave the company an overweight rating in a research report on Friday, August 9th. Finally, Morgan Stanley boosted their price objective on TKO Group from $115.00 to $118.00 and gave the company an equal weight rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, TKO Group has an average rating of Moderate Buy and a consensus target price of $128.47.

TKO Group Stock Performance

NYSE:TKO opened at $123.70 on Monday. The stock has a 50-day simple moving average of $116.16 and a two-hundred day simple moving average of $106.28. TKO Group has a 52-week low of $72.33 and a 52-week high of $125.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $21.07 billion, a PE ratio of -122.48 and a beta of 1.04.

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). TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The company had revenue of $851.20 million for the quarter, compared to the consensus estimate of $771.54 million. During the same period in the prior year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 178.9% on a year-over-year basis. Analysts forecast that TKO Group will post 4.17 EPS for the current year.

Insiders Place Their Bets

In other TKO Group news, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly 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 Securities & Exchange Commission, which is available at this hyperlink. In other TKO Group news, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark S. Shapiro sold 31,026 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 42,156 shares in the company, valued at $4,837,822.56. The disclosure for this sale can be found here. 53.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TKO. Janney Montgomery Scott LLC grew its stake in shares of TKO Group by 15.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,930 shares of the company’s stock valued at $565,000 after buying an additional 928 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of TKO Group by 15.2% during the fourth quarter. Wells Fargo & Company MN now owns 148,677 shares of the company’s stock valued at $12,129,000 after buying an additional 19,632 shares during the last quarter. TFO Wealth Partners LLC bought a new position in shares of TKO Group during the fourth quarter valued at approximately $124,000. Annex Advisory Services LLC grew its stake in shares of TKO Group by 174.3% during the fourth quarter. Annex Advisory Services LLC now owns 137,545 shares of the company’s stock valued at $11,221,000 after buying an additional 87,392 shares during the last quarter. Finally, American International Group Inc. grew its stake in shares of TKO Group by 10.1% during the fourth quarter. American International Group Inc. now owns 81,579 shares of the company’s stock valued at $6,655,000 after buying an additional 7,456 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

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.