TKO Group (NYSE:TKO) Earns Peer Perform Rating from Wolfe Research

TKO Group (NYSE:TKO)‘s stock had its “peer perform” rating reissued by stock analysts at Wolfe Research in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.

Several other research firms have also commented on TKO. Roth Mkm reiterated a “buy” rating and issued a $240.00 target price on shares of TKO Group in a research note on Thursday, February 12th. UBS Group lifted their price target on TKO Group from $235.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Sanford C. Bernstein upped their price objective on shares of TKO Group from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. TD Cowen reiterated a “buy” rating on shares of TKO Group in a report on Monday, December 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of TKO Group from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, TKO Group currently has an average rating of “Moderate Buy” and a consensus price target of $231.40.

TKO Group Trading Down 4.2%

Shares of TKO opened at $202.90 on Thursday. The stock has a fifty day moving average of $207.55 and a two-hundred day moving average of $198.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $39.58 billion, a PE ratio of 90.18 and a beta of 0.66. TKO Group has a fifty-two week low of $133.07 and a fifty-two week high of $226.94.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, February 25th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). TKO Group had a return on equity of 2.07% and a net margin of 4.13%.The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company earned $0.28 EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, analysts forecast that TKO Group will post 3.88 EPS for the current year.

Insider Buying and Selling at TKO Group

In other TKO Group news, insider Seth D. Krauss sold 2,271 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $200.71, for a total transaction of $455,812.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shane Kapral sold 616 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $221.91, for a total value of $136,696.56. Following the completion of the transaction, the chief financial officer owned 353 shares in the company, valued at approximately $78,334.23. This trade represents a 63.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 169,563 shares of company stock valued at $34,642,745. Company insiders own 61.30% of the company’s stock.

Institutional Trading of TKO Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Elyxium Wealth LLC purchased a new position in TKO Group in the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC grew its stake in TKO Group by 840.0% during the second quarter. Golden State Wealth Management LLC now owns 141 shares of the company’s stock worth $26,000 after buying an additional 126 shares during the period. Cromwell Holdings LLC increased its position in shares of TKO Group by 1,360.0% in the third quarter. Cromwell Holdings LLC now owns 146 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares in the last quarter. Torren Management LLC acquired a new stake in shares of TKO Group in the fourth quarter worth $32,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of TKO Group in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 89.79% of the company’s stock.

About TKO Group

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.