DraftKings Inc. (NASDAQ:DKNG - Get Free Report) insider Paul Liberman sold 88,441 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $36.41, for a total value of $3,220,136.81. Following the completion of the sale, the insider now directly owns 1,923,483 shares in the company, valued at $70,034,016.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Paul Liberman also recently made the following trade(s):
- On Wednesday, September 25th, Paul Liberman sold 643,654 shares of DraftKings stock. The stock was sold at an average price of $41.24, for a total value of $26,544,290.96.
- On Monday, August 26th, Paul Liberman sold 88,441 shares of DraftKings stock. The stock was sold at an average price of $35.64, for a total transaction of $3,152,037.24.
DraftKings Price Performance
Shares of DraftKings stock opened at $36.47 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.97. The firm has a fifty day simple moving average of $37.24 and a 200-day simple moving average of $38.39. The stock has a market capitalization of $31.70 billion, a price-to-earnings ratio of -30.91 and a beta of 1.81. DraftKings Inc. has a 1-year low of $25.73 and a 1-year high of $49.57.
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DraftKings (NASDAQ:DKNG - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.13. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. DraftKings had a negative net margin of 9.45% and a negative return on equity of 43.11%. The business's revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) EPS. On average, sell-side analysts expect that DraftKings Inc. will post -0.31 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. UBS Group upped their price target on shares of DraftKings from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. BMO Capital Markets reiterated an "outperform" rating and issued a $48.00 price target on shares of DraftKings in a research report on Wednesday, October 16th. Truist Financial reaffirmed a "buy" rating and issued a $50.00 price objective on shares of DraftKings in a research note on Wednesday, August 14th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $48.00 price target (down previously from $50.00) on shares of DraftKings in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted their target price on DraftKings from $48.00 to $54.00 and gave the stock an "overweight" rating in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.22.
Read Our Latest Report on DKNG
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of DKNG. Gateway Investment Advisers LLC bought a new stake in DraftKings in the 1st quarter valued at $227,000. Sunbelt Securities Inc. raised its position in shares of DraftKings by 15.4% during the first quarter. Sunbelt Securities Inc. now owns 2,860 shares of the company's stock valued at $130,000 after buying an additional 382 shares during the last quarter. Silverleafe Capital Partners LLC bought a new stake in shares of DraftKings in the first quarter valued at about $1,061,000. First Dallas Securities Inc. grew its position in DraftKings by 8.6% during the first quarter. First Dallas Securities Inc. now owns 46,800 shares of the company's stock worth $2,125,000 after buying an additional 3,725 shares in the last quarter. Finally, Winthrop Advisory Group LLC increased its stake in DraftKings by 2.4% during the first quarter. Winthrop Advisory Group LLC now owns 10,452 shares of the company's stock valued at $475,000 after acquiring an additional 244 shares during the period. 37.70% of the stock is currently owned by institutional investors and hedge funds.
About DraftKings
(
Get Free Report)
DraftKings Inc operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.
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