2 weeks Ago By Defense World Staff
Drucker Wealth 3.0 LLC purchased a new stake in DraftKings Inc. ( NASDAQ:DKNG – Free Report ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund purchased 7,954 shares of the company’s stock, valued at approximately $304,000. A number of other institutional investors have also recently modified their holdings of the business. LRI Investments LLC purchased a new stake in DraftKings during the first quarter worth $31,000.
LifeSteps Financial Inc. purchased a new stake in DraftKings during the first quarter worth $33,000. Transcendent Capital Group LLC purchased a new stake in DraftKings during the fourth quarter worth $26,000.
Concord Wealth Partners boosted its position in DraftKings by 140.2% during the first quarter. Concord Wealth Partners now owns 776 shares of the company’s stock worth $35,000 after purchasing an additional 453 shares in the last quarter.
Finally, Massmutual Trust Co. FSB ADV boosted its position in DraftKings by 117.5% during the first quarter.
Massmutual Trust Co. FSB ADV now owns 922 shares of the company’s stock worth $42,000 after purchasing an additional 498 shares in the last quarter. 37.
70% of the stock is currently owned by hedge funds and other institutional investors. DraftKings Stock Performance NASDAQ DKNG opened at $40.94 on Friday.
The business’s 50-day simple moving average is $35.55 and its 200-day simple moving average is $39.41.
The firm has a market capitalization of $35.97 billion, a P/E ratio of -34.69 and a beta of 1.
80. DraftKings Inc. has a 1-year low of $25.
73 and a 1-year high of $49.57. The company has a debt-to-equity ratio of 0.
97, a current ratio of 1.11 and a quick ratio of 1.11.
Analyst Ratings Changes A number of analysts have commented on the company. UBS Group boosted their target price on DraftKings from $56.00 to $58.
00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Benchmark boosted their target price on DraftKings from $41.00 to $44.
00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Stifel Nicolaus reiterated a “buy” rating and set a $48.00 target price (down from $50.
00) on shares of DraftKings in a research report on Monday, August 5th. Barclays cut their price target on DraftKings from $53.00 to $43.
00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Truist Financial reissued a “buy” rating and issued a $50.00 price target on shares of DraftKings in a report on Wednesday, August 14th.
Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.
74. Check Out Our Latest Research Report on DKNG Insider Activity at DraftKings In related news, insider Paul Liberman sold 63,206 shares of DraftKings stock in a transaction on Monday, July 15th. The shares were sold at an average price of $39.
00, for a total transaction of $2,465,034.00. Following the transaction, the insider now owns 1,716,406 shares in the company, valued at approximately $66,939,834.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . In related news, insider Jason Robins sold 200,000 shares of DraftKings stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $35.
25, for a total transaction of $7,050,000.00. Following the transaction, the insider now owns 2,678,082 shares in the company, valued at approximately $94,402,390.
50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, insider Paul Liberman sold 63,206 shares of DraftKings stock in a transaction on Monday, July 15th.
The shares were sold at an average price of $39.00, for a total transaction of $2,465,034.00.
Following the transaction, the insider now owns 1,716,406 shares in the company, valued at approximately $66,939,834. The disclosure for this sale can be found here . In the last 90 days, insiders have sold 551,647 shares of company stock worth $18,811,071.
51.19% of the stock is currently owned by corporate insiders. DraftKings Profile ( 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. Featured Articles Five stocks we like better than DraftKings Manufacturing Stocks Investing Rocket Lab Stock Soars: Should Investors Chase the Rally? How to Use the MarketBeat Stock Screener KB Home Slips After Earnings: What’s Next for Homebuilders? Using the MarketBeat Dividend Yield Calculator Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Want to see what other hedge funds are holding DKNG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for DraftKings Inc. ( NASDAQ:DKNG – Free Report ). Receive News & Ratings for DraftKings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DraftKings and related companies with MarketBeat.
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