B. Riley Wealth Advisors Inc. lessened its stake in shares of DraftKings Inc. (NASDAQ:DKNG – Free Report) by 14.4% throughout the 2nd quarter, in accordance with its most up-to-date 13F submitting with the SEC. The agency owned 21,599 shares of the corporate’s inventory after promoting 3,629 shares throughout the interval. B. Riley Wealth Advisors Inc.’s holdings in DraftKings have been value $824,000 on the finish of the latest quarter.
Various different institutional buyers additionally not too long ago purchased and bought shares of the inventory. Transcendent Capital Group LLC bought a brand new place in shares of DraftKings throughout the fourth quarter valued at roughly $26,000. LRI Investments LLC purchased a brand new stake in shares of DraftKings throughout the 1st quarter value roughly $31,000. LifeSteps Monetary Inc. bought a brand new place in DraftKings throughout the 1st quarter valued at $33,000. Harmony Wealth Companions grew its place in DraftKings by 140.2% within the 1st quarter. Harmony Wealth Companions now owns 776 shares of the corporate’s inventory valued at $35,000 after buying a further 453 shares over the past quarter. Lastly, Alta Advisers Ltd purchased a brand new place in DraftKings within the 2nd quarter valued at $38,000. 37.70% of the inventory is at present owned by institutional buyers.
DraftKings Inventory Efficiency
DKNG opened at $39.28 on Friday. The corporate has a market cap of $34.14 billion, a P/E ratio of -33.29 and a beta of 1.81. DraftKings Inc. has a 52-week low of $25.73 and a 52-week excessive of $49.57. The corporate has a fast ratio of 1.11, a present ratio of 1.11 and a debt-to-equity ratio of 0.97. The agency’s 50-day transferring common worth is $35.82 and its 200-day transferring common worth is $39.26.
DraftKings (NASDAQ:DKNG – Get Free Report) final introduced its quarterly earnings information on Thursday, August 1st. The corporate reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.13. The agency had income of $1.10 billion for the quarter, in comparison with analyst estimates of $1.11 billion. DraftKings had a damaging internet margin of 9.45% and a damaging return on fairness of 43.11%. The enterprise’s quarterly income was up 26.2% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the corporate earned ($0.17) earnings per share. As a bunch, equities analysts anticipate that DraftKings Inc. will put up -0.31 EPS for the present fiscal yr.
Insider Transactions at DraftKings
In different DraftKings information, insider Jason Robins bought 200,000 shares of the agency’s inventory in a transaction that occurred on Thursday, August eighth. The shares have been bought at a mean worth of $30.72, for a complete transaction of $6,144,000.00. Following the completion of the transaction, the insider now immediately owns 2,699,815 shares of the corporate’s inventory, valued at roughly $82,938,316.80. This commerce represents a 0.00 % lower of their place. The transaction was disclosed in a submitting with the SEC, which could be accessed by means of this hyperlink. In different DraftKings information, insider Paul Liberman bought 88,441 shares of the enterprise’s inventory in a transaction that occurred on Monday, August twenty sixth. The inventory was bought at a mean worth of $35.64, for a complete worth of $3,152,037.24. Following the completion of the transaction, the insider now immediately owns 2,498,483 shares of the corporate’s inventory, valued at roughly $89,045,934.12. The commerce was a 0.00 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the SEC, which could be accessed by means of this hyperlink. Additionally, insider Jason Robins bought 200,000 shares of the corporate’s inventory in a transaction that occurred on Thursday, August eighth. The inventory was bought at a mean worth of $30.72, for a complete worth of $6,144,000.00. Following the completion of the sale, the insider now owns 2,699,815 shares within the firm, valued at roughly $82,938,316.80. This represents a 0.00 % lower of their place. The disclosure for this sale could be discovered right here. Insiders bought a complete of 1,195,301 shares of firm inventory value $45,355,362 during the last three months. 51.19% of the inventory is at present owned by insiders.
Wall Road Analyst Weigh In
Various analysts have not too long ago issued studies on the inventory. UBS Group boosted their goal worth on shares of DraftKings from $56.00 to $58.00 and gave the corporate a “purchase” score in a analysis notice on Wednesday, September 4th. Stifel Nicolaus restated a “purchase” score and issued a $48.00 goal worth (down from $50.00) on shares of DraftKings in a analysis notice on Monday, August fifth. Macquarie reiterated an “outperform” score and issued a $50.00 worth goal on shares of DraftKings in a report on Monday, August twenty sixth. The Goldman Sachs Group decreased their goal worth on DraftKings from $60.00 to $54.00 and set a “purchase” score for the corporate in a analysis report on Monday, August fifth. Lastly, BNP Paribas upgraded DraftKings from an “underperform” score to a “impartial” score and set a $35.00 worth goal for the corporate in a report on Tuesday, September tenth. Three analysts have rated the inventory with a maintain score and twenty-four have issued a purchase score to the corporate’s inventory. In response to MarketBeat, DraftKings at present has a mean score of “Average Purchase” and a mean goal worth of $49.81.
Verify Out Our Newest Inventory Evaluation on DKNG
DraftKings Profile
DraftKings Inc operates as a digital sports activities leisure and gaming firm in the US and internationally. It gives on-line sports activities betting and on line casino, every day fantasy sports activities, media, and different client merchandise, in addition to retails sportsbooks. The corporate additionally engages within the design and improvement of sports activities betting and on line casino gaming software program for on-line and retail sportsbooks, and iGaming operators.
Additional Studying
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