In yesterday’s Wall Street session, Endeavor Group Holdings Inc (NYSE:EDR) shares traded at $27.42, up 0.81% from the previous session.
EDR stock price is now 2.65% away from the 50-day moving average and 12.46% away from the 200-day moving average. The market capitalization of the company currently stands at $8.29B.
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With the price target maintained at $27.50, Citigroup recently Downgraded its rating from Buy to Neutral for Endeavor Group Holdings Inc (NYSE: EDR). On September 12, 2023, TD Cowen recently initiated its ‘Outperform’ rating on the stock quoting a target price of $28, while ‘Guggenheim’ rates the stock as ‘Buy’
In other news, Lublin Jason, Chief Financial Officer sold 20,832 shares of the company’s stock on Jun 05 ’24. The stock was sold for $559,754 at an average price of $26.87. Upon completion of the transaction, the Chief Financial Officer now directly owns 130,187 shares in the company, valued at $3.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’24, Chief Financial Officer Lublin Jason sold 20,832 shares of the business’s stock. A total of $552,331 was realized by selling the stock at an average price of $26.51. This leaves the insider owning 130,187 shares of the company worth $3.57 million. A total of 40.16% of the company’s stock is owned by insiders.
During the past 12 months, Endeavor Group Holdings Inc has had a low of $17.65 and a high of $27.24. As of last week, the company has a debt-to-equity ratio of 1.18, a current ratio of 0.94, and a quick ratio of 0.94. According to the stock market information, the enterprise value for the company is $19754702848, which is based on a 42.95 price-to-earnings ratio, a 1.64 price-to-earnings-growth ratio, and a beta of 0.78. The fifty day moving average price for EDR is $26.7326 and a two-hundred day moving average price translates $24.41075 for the stock.
The latest earnings results from Endeavor Group Holdings Inc (NYSE: EDR) was released for 2024-03-31. The net profit margin was 3.44% and return on equity was 6.40% for EDR. The company reported revenue of $1.85 billion for the quarter, compared to $1.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.87 percent.
