Examining the Potential Price Growth of Endeavor Group Holdings Inc. (EDR)


In a filing, Endeavor Group Holdings Inc. revealed its Chief Executive Officer Emanuel Ariel unloaded Company’s shares for reported $5.7 million on Aug 28. In the deal valued at $24.09 per share,236,487 shares were sold. As a result of this transaction, Emanuel Ariel now holds 279,597 shares worth roughly $ 6.35 million.

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Then, Whitesell Patrick sold 56,797 shares, generating $1,370,353 in total proceeds. Upon selling the shares at $24.13, the Executive Chairman now owns 72,797 shares.

Before that, Lublin Jason sold 5,821 shares. Endeavor Group Holdings Inc. shares valued at $140,441 were divested by the Chief Financial Officer at a price of $24.13 per share. As a result of the transaction, Lublin Jason now holds 55,705 shares, worth roughly $1.27 million.

Guggenheim initiated its Endeavor Group Holdings Inc. [EDR] rating to a Buy in a research note published on Friday, May 01, 2023; the price target was $33. PT values the company’s stock at a premium of 31.18 to its Friday closing price.

Price Performance Review of EDR

On Friday, Endeavor Group Holdings Inc. [NYSE:EDR] saw its stock jump 3.75% to $22.71. On the same session, the stock had its day’s lowest price of $21.83, but rose to a high of $22.93. Over the last five days, the stock has lost -4.06%. Endeavor Group Holdings Inc. shares have risen nearly 0.75% since the year began. Nevertheless, the stocks have risen 0.40% over the past one year. While a 52-week high of $26.26 was reached on 04/25/23, a 52-week low of $18.58 was recorded on 01/06/23. SMA at 50 days reached $23.67, while 200 days put it at $22.84. A total of 5.4 million shares were traded, compared to the trading of 11.25 million shares in the previous session.

Levels Of Support And Resistance For EDR Stock

The 24-hour chart illustrates a support level at 22.05, which if violated will result in even more drops to 21.39. On the upside, there is a resistance level at 23.15. A further resistance level may holdings at 23.59. The Relative Strength Index (RSI) on the 14-day chart is 40.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.55%. Stochastics %K at 23.75% indicates the stock is a holding.

How much short interest is there in Endeavor Group Holdings Inc.?

A steep rise in short interest was recorded in Endeavor Group Holdings Inc. stocks on Aug 14, 2023, dropping by -3.53 million shares to a total of 3.35 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.88 million shares. There was a decline of -105.37%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.22% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.59.

Endeavor Group Holdings Inc. [EDR] – Who Are The Largest Shareholders?

In filings from GIC Pte Ltd., it is revealed that the company now owns 21,038,712 shares, or roughly 7.01% of the outstanding EDR shares.. Over the last quarter, Morgan Stanley Investment Managem purchased 240,475 shares of Endeavor Group Holdings Inc., while Columbia Management Investment Ad bought 1,942,336 shares. At present, MIC Capital Management UK LLP is holding 8,536,456 shares valued at $201.46 million. Coatue Management LLC owned 6,628,602 shares of the company at the time of its most recent 13F filing, worth $156.44 million.

According to FactSet, Endeavor Group Holdings Inc.’s share price will average $32.83 in the next year, based on opinions of analysts polled by the firm. This is up nearly 50.75 percent from its previous closing price of $21.89. Analysts expect Endeavor Group Holdings Inc. stock to reach the higher price of $41.00, while the lowest price estimate is $28.00. However, 12 analysts have rated EDR stock as a Buy in their predictions for 2023.


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