DraftKings Inc. (NASDAQ:DKNG - Get Free Report) insider R Stanton Dodge sold 52,777 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $32.28, for a total value of $1,703,641.56. Following the completion of the sale, the insider now directly owns 601,520 shares of the company's stock, valued at approximately $19,417,065.60. This trade represents a 8.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
R Stanton Dodge also recently made the following trade(s):
- On Monday, March 17th, R Stanton Dodge sold 52,777 shares of DraftKings stock. The stock was sold at an average price of $39.00, for a total value of $2,058,303.00.
- On Friday, March 14th, R Stanton Dodge sold 52,777 shares of DraftKings stock. The shares were sold at an average price of $37.62, for a total value of $1,985,470.74.
DraftKings Trading Up 1.7 %
NASDAQ DKNG opened at $34.05 on Thursday. DraftKings Inc. has a 12 month low of $28.69 and a 12 month high of $53.61. The company has a current ratio of 0.93, a quick ratio of 1.00 and a debt-to-equity ratio of 1.24. The stock's fifty day moving average price is $38.30 and its 200-day moving average price is $39.58. The stock has a market cap of $30.07 billion, a P/E ratio of -32.12, a P/E/G ratio of 1.43 and a beta of 2.16.
DraftKings (NASDAQ:DKNG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.35). DraftKings had a negative return on equity of 48.13% and a negative net margin of 10.64%. As a group, equities analysts forecast that DraftKings Inc. will post 0.64 EPS for the current fiscal year.
Hedge Funds Weigh In On DraftKings
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raiffeisen Bank International AG purchased a new position in shares of DraftKings in the fourth quarter worth $25,000. FNY Investment Advisers LLC bought a new stake in DraftKings in the 1st quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new position in DraftKings in the 4th quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new position in DraftKings during the 4th quarter valued at about $28,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of DraftKings by 197.9% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 849 shares of the company's stock valued at $28,000 after acquiring an additional 564 shares during the last quarter. 37.70% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently commented on DKNG. Stifel Nicolaus lowered their price target on shares of DraftKings from $57.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday. TD Cowen dropped their target price on shares of DraftKings from $55.00 to $51.00 and set a "buy" rating for the company in a report on Tuesday, February 4th. Jefferies Financial Group set a $60.00 target price on DraftKings and gave the stock a "buy" rating in a research note on Sunday, April 13th. JPMorgan Chase & Co. upped their price target on DraftKings from $53.00 to $61.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, Argus set a $60.00 price objective on DraftKings in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, DraftKings has an average rating of "Moderate Buy" and an average target price of $54.08.
View Our Latest Stock Analysis on DraftKings
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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