Investor Insight: Endeavor Group Holdings Inc (EDR) Goes Ballistic – Investor Confidence on the Rise

Endeavor Group Holdings Inc (NYSE:EDR) shares traded -0.53% lower at $24.31 on Wall Street last session.

In accordance with the data, 12 analysts cover Endeavor Group Holdings Inc (NYSE:EDR). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $36.00 and a low of $28.00, we find $31.00. Given the previous closing price of $24.44, this indicates a potential upside of 26.84 percent. EDR stock price is now 15.77% away from the 50-day moving average and 6.91% away from the 200-day moving average. The market capitalization of the company currently stands at $7.38B.

It has been rated a hold by 0 analysts and a buy by 12. Brokers who have rated the stock have averaged $31.17 as their price target over the next twelve months.

With the price target of $28, TD Cowen recently initiated with Outperform rating for Endeavor Group Holdings Inc (NYSE: EDR).

In other news, Lublin Jason, Chief Financial Officer sold 10,416 shares of the company’s stock on Sep 19. The stock was sold for $232,352 at an average price of $22.31. Upon completion of the transaction, the Chief Financial Officer now directly owns 55,705 shares in the company, valued at $1.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 28, Chief Executive Officer Emanuel Ariel sold 236,487 shares of the business’s stock. A total of $5,696,995 was realized by selling the stock at an average price of $24.09. This leaves the insider owning 279,597 shares of the company worth $6.8 million. Insiders disposed of 2,007,291 shares of company stock worth roughly $48.8 million over the past 1 year. A total of 35.39% of the company’s stock is owned by insiders.

Endeavor Group Holdings Inc (NYSE: EDR) opened at $24.03 on Friday. During the past 12 months, Endeavor Group Holdings Inc has had a low of $17.65 and a high of $26.26. As of last week, the company has a debt-to-equity ratio of 1.14, a current ratio of 1.09, and a quick ratio of 1.09. The fifty day moving average price for EDR is $21.05 and a two-hundred day moving average price translates $22.75 for the stock.

The latest earnings results from Endeavor Group Holdings Inc (NYSE: EDR) was released for Sep, 2023. The net profit margin was 2.41% and return on equity was 4.02% for EDR. The company reported revenue of $1.34 billion for the quarter, compared to $1.22 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.07 percent.

Endeavor Group Holdings Inc(EDR) Company Profile

Endeavor Group Holdings, Inc. operates as an entertainment, sports, and content company worldwide. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, Professional Bull Rider, Euroleague, and Diamond Baseball Holdings that license broadcast and other intellectual property rights and operate exclusive live events. The Events, Experiences & Rights segment provides services to live events, including sporting events, fashion, art fairs and music, culinary, and lifestyle festivals. This segment also produces and distributes sports video programming, as well as operates events on behalf of third parties. The Representation segment offers services to talent across entertainment, sports, and fashion, such as actors, directors, writers, athletes, models, musicians, and other artists in various mediums. This segment provides brand strategy, marketing, advertising, public relations, analytics, digital, activation, and experiential services to corporate and other clients; intellectual property licensing services to a portfolio of entertainment, sports, and consumer product brands; and content development, production, financing, sales, and advisory services for television properties, documentaries, feature films, and podcasts. The Sports Data & Technology segment delivers live streaming and data feeds for sports events to sportsbooks, rightsholders, and media partners, as well as on-demand virtual sports products and front-end solutions, including the UFC Event Centre. This segment also specializes in betting engine products, services and technology, processing various bets annually, as well as trading, pricing, and risk management tools; player account and wallet solutions; front-end user experiences and user interfaces; and content offerings, such as BetBuilder, DonBest pricing feeds, and a sports content aggregation platform. The company was founded in 1898 and is based in Beverly Hills, California.

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