Jefferies Financial Group Initiates Coverage on TKO Group (NYSE:TKO)

Jefferies Financial Group began coverage on shares of TKO Group (NYSE:TKOGet Free Report) in a research note issued on Monday, Briefing.com reports. The brokerage set a “buy” rating and a $120.00 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 39.32% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on TKO. JPMorgan Chase & Co. increased their price target on shares of TKO Group from $100.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. TD Cowen began coverage on shares of TKO Group in a research report on Friday, January 12th. They issued a “market perform” rating and a $92.00 target price for the company. Northcoast Research began coverage on shares of TKO Group in a research report on Tuesday, February 6th. They issued a “buy” rating and a $105.00 target price for the company. Guggenheim dropped their target price on shares of TKO Group from $126.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Finally, Moffett Nathanson began coverage on shares of TKO Group in a research note on Monday, January 29th. They set a “neutral” rating and a $95.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.78.

Read Our Latest Stock Report on TKO

TKO Group Trading Up 0.2 %

TKO Group stock opened at $86.13 on Monday. The business’s 50 day moving average price is $80.01. The company has a market cap of $14.90 billion, a price-to-earnings ratio of 66.77 and a beta of 1.07. TKO Group has a 1-year low of $72.33 and a 1-year high of $106.16. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.33.

Insider Activity at TKO Group

In other TKO Group news, CEO Ariel Emanuel purchased 12,531 shares of TKO Group stock in a transaction on Tuesday, November 14th. The stock was bought at an average cost of $79.80 per share, with a total value of $999,973.80. Following the transaction, the chief executive officer now owns 12,531 shares of the company’s stock, valued at approximately $999,973.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Ariel Emanuel bought 12,531 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average cost of $79.80 per share, with a total value of $999,973.80. Following the acquisition, the chief executive officer now directly owns 12,531 shares in the company, valued at $999,973.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven R. Koonin bought 1,253 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average cost of $79.80 per share, with a total value of $99,989.40. Following the completion of the acquisition, the director now owns 4,761 shares in the company, valued at $379,927.80. The disclosure for this purchase can be found here. 38.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TKO Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in TKO. Strengthening Families & Communities LLC purchased a new stake in TKO Group during the third quarter worth about $26,000. Quent Capital LLC purchased a new stake in TKO Group during the third quarter worth about $27,000. Covestor Ltd purchased a new stake in TKO Group during the third quarter worth about $27,000. Fifth Third Bancorp purchased a new stake in TKO Group during the third quarter worth about $27,000. Finally, International Assets Investment Management LLC purchased a new stake in TKO Group during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 66.32% of the company’s stock.

About TKO Group

(Get Free Report)

TKO Group Holdings, Inc operates as a sports and entertainment company. It operates through four segments: Media and Content, Live Events, Sponsorships, and Consumer Products Licensing. The company produces live events, television programs, and long-form and short-form video content across various platforms, including broadcast, pay television, and streaming, as well as digital and social media across approximately 170 countries.

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Analyst Recommendations for TKO Group (NYSE:TKO)

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