Endeavor Group Holdings Inc (NYSE:EDR) shares traded unchanged at $29.27 on Wall Street last session.
EDR stock price is now 5.05% away from the 50-day moving average and 11.28% away from the 200-day moving average. The market capitalization of the company currently stands at $8.98B.
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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, Emanuel Ariel, Chief Executive Officer sold 48,176 shares of the company’s stock on Oct 08 ’24. The stock was sold for $1,399,031 at an average price of $29.04. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,831,247 shares in the company, valued at $53.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 08 ’24, Director Ariel Z. Emanuel bought 48,176 shares of the business’s stock. A total of $1,401,440 was incurred on buying the stock at an average price of $29.09. A total of 36.58% 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 $29.27. 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 $27.8622 and a two-hundred day moving average price translates $26.303 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.
