Roth Mkm Raises TKO Group (NYSE:TKO) Price Target to $148.00

TKO Group (NYSE:TKO) had its price target upped by Roth Mkm from $146.00 to $148.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

TKO has been the subject of several other reports. Pivotal Research initiated coverage on TKO Group in a research note on Friday, September 13th. They issued a “buy” rating and a $170.00 target price for the company. Morgan Stanley raised their price target on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Guggenheim raised their price target on TKO Group from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. raised their price target on TKO Group from $126.00 to $132.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Finally, Bank of America initiated coverage on TKO Group in a research report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price target on the stock. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, TKO Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.21.

TKO Group Stock Up 1.5 %

NYSE TKO opened at $129.93 on Wednesday. The stock has a fifty day moving average of $120.93 and a 200-day moving average of $110.16. The stock has a market capitalization of $22.13 billion, a P/E ratio of -128.64 and a beta of 1.04. TKO Group has a 52 week low of $72.33 and a 52 week high of $130.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 0.99.

TKO Group (NYSE:TKO) last released its earnings results on Thursday, August 8th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.10). The firm had revenue of $851.20 million during the quarter, compared to analyst estimates of $771.54 million. TKO Group had a negative net margin of 3.14% and a positive return on equity of 3.10%. The firm’s quarterly revenue was up 178.9% on a year-over-year basis. During the same period last year, the business posted $0.91 earnings per share. On average, equities research analysts forecast that TKO Group will post 4.17 EPS for the current year.

Insiders Place Their Bets

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $114.76, for a total transaction of $3,560,543.76. Following the transaction, the insider now directly owns 42,156 shares in the company, valued at approximately $4,837,822.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Nick Khan sold 22,693 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $105.53, for a total value of $2,394,792.29. Following the sale, the director now directly owns 220,018 shares in the company, valued at $23,218,499.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark S. Shapiro sold 31,026 shares of the business’s 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 sale, the insider now owns 42,156 shares in the company, valued at approximately $4,837,822.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 53.80% of the company’s stock.

Institutional Trading of TKO Group

A number of institutional investors have recently modified their holdings of TKO. Allspring Global Investments Holdings LLC increased its position in shares of TKO Group by 59.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 969,526 shares of the company’s stock valued at $119,940,000 after acquiring an additional 362,460 shares during the last quarter. Raymond James & Associates increased its position in shares of TKO Group by 13.5% in the third quarter. Raymond James & Associates now owns 24,421 shares of the company’s stock valued at $3,021,000 after acquiring an additional 2,904 shares during the last quarter. Blue Trust Inc. increased its position in shares of TKO Group by 52.4% in the third quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after acquiring an additional 89 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of TKO Group by 2.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,351 shares of the company’s stock valued at $1,157,000 after acquiring an additional 250 shares during the last quarter. Finally, Sumitomo Life Insurance Co. increased its position in shares of TKO Group by 2.7% in the third quarter. Sumitomo Life Insurance Co. now owns 9,351 shares of the company’s stock valued at $1,157,000 after acquiring an additional 250 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

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.