Wall Street Zen Downgrades TKO Group (NYSE:TKO) to Sell

TKO Group (NYSE:TKO) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other research analysts also recently commented on TKO. Susquehanna reissued a “positive” rating and issued a $251.00 price objective on shares of TKO Group in a research note on Monday, January 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TKO Group in a report on Monday, December 29th. Sanford C. Bernstein raised their price target on shares of TKO Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. TD Cowen reaffirmed a “buy” rating on shares of TKO Group in a research note on Monday, December 8th. Finally, Morgan Stanley set a $210.00 price target on TKO Group in a report on Thursday, December 18th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $231.40.

TKO Group Trading Down 4.2%

Shares of TKO Group stock opened at $202.90 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.43. TKO Group has a twelve month low of $133.07 and a twelve month high of $226.94. The firm has a market capitalization of $39.58 billion, a PE ratio of 90.18 and a beta of 0.66. The firm’s 50-day moving average price is $207.55 and its 200 day moving average price is $198.68.

TKO Group (NYSE:TKO) last announced its earnings results on Wednesday, February 25th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. TKO Group had a net margin of 4.13% and a return on equity of 2.07%. TKO Group’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 EPS. On average, sell-side analysts predict that TKO Group will post 3.88 EPS for the current fiscal year.

Insider Activity at TKO Group

In other news, CFO Andrew M. Schleimer sold 11,978 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $201.98, for a total transaction of $2,419,316.44. Following the completion of the transaction, the chief financial officer directly owned 27,544 shares in the company, valued at $5,563,337.12. This trade represents a 30.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark S. Shapiro sold 32,022 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $204.08, for a total value of $6,535,049.76. Following the completion of the sale, the insider owned 104,842 shares in the company, valued at $21,396,155.36. This represents a 23.40% decrease in their position. 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 worth $34,642,745. Company insiders own 61.30% of the company’s stock.

Hedge Funds Weigh In On TKO Group

A number of hedge funds and other institutional investors have recently bought and sold shares of TKO. Somerset Trust Co increased its stake in TKO Group by 2.5% during the third quarter. Somerset Trust Co now owns 2,155 shares of the company’s stock worth $435,000 after purchasing an additional 53 shares during the period. CWM LLC increased its stake in TKO Group by 7.3% during the 3rd quarter. CWM LLC now owns 796 shares of the company’s stock worth $161,000 after buying an additional 54 shares during the period. CreativeOne Wealth LLC lifted its holdings in TKO Group by 2.1% during the 4th quarter. CreativeOne Wealth LLC now owns 2,586 shares of the company’s stock worth $541,000 after buying an additional 54 shares in the last quarter. Frank Rimerman Advisors LLC lifted its holdings in TKO Group by 3.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 1,783 shares of the company’s stock worth $373,000 after buying an additional 56 shares in the last quarter. Finally, Stephens Inc. AR boosted its position in TKO Group by 2.7% in the 4th quarter. Stephens Inc. AR now owns 2,160 shares of the company’s stock valued at $451,000 after buying an additional 56 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

TKO Group Company Profile

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.