Stocks of Endeavor Group Holdings Inc (NYSE:EDR) traded higher last session on Wall Street, up 0.25% to $27.56.
EDR stock price is now 1.72% away from the 50-day moving average and 8.91% away from the 200-day moving average. The market capitalization of the company currently stands at $8.45B.
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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, Jason Lublin, Officer bought 20,832 shares of the company’s stock on Jul 29 ’24. The stock was bought for $568,505 at an average price of $27.29. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 29 ’24, Chief Financial Officer Lublin Jason sold 20,832 shares of the business’s stock. A total of $568,297 was realized by selling the stock at an average price of $27.28. This leaves the insider owning 130,187 shares of the company worth $3.59 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 $27.62. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for EDR is $27.11 and a two-hundred day moving average price translates $25.35405 for the stock.
The latest earnings results from Endeavor Group Holdings Inc (NYSE: EDR) was released for 2024-06-30. The net profit margin was -6.18% and return on equity was 0.15% for EDR. The company reported revenue of $1.75 billion for the quarter, compared to $1.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.13 percent.
