Victory Capital Administration Inc. minimize its holdings in DraftKings Inc. (NASDAQ:DKNG – Free Report) by 72.3% within the third quarter, in accordance with the corporate in its most up-to-date submitting with the Securities and Change Fee. The institutional investor owned 140,867 shares of the corporate’s inventory after promoting 366,859 shares throughout the interval. Victory Capital Administration Inc.’s holdings in DraftKings have been price $5,522,000 as of its most up-to-date submitting with the Securities and Change Fee.
A number of different hedge funds have additionally not too long ago made modifications to their positions in DKNG. O Shaughnessy Asset Administration LLC raised its place in shares of DraftKings by 18.7% within the 1st quarter. O Shaughnessy Asset Administration LLC now owns 11,267 shares of the corporate’s inventory price $512,000 after buying an extra 1,776 shares within the final quarter. UniSuper Administration Pty Ltd raised its place in shares of DraftKings by 100.0% within the 1st quarter. UniSuper Administration Pty Ltd now owns 6,000 shares of the corporate’s inventory price $272,000 after buying an extra 3,000 shares within the final quarter. CreativeOne Wealth LLC purchased a brand new place in shares of DraftKings within the 1st quarter price about $297,000. Advisors Asset Administration Inc. raised its place in shares of DraftKings by 34.3% within the 1st quarter. Advisors Asset Administration Inc. now owns 21,013 shares of the corporate’s inventory price $954,000 after buying an extra 5,368 shares within the final quarter. Lastly, Canada Pension Plan Funding Board grew its stake in shares of DraftKings by 45.9% within the 1st quarter. Canada Pension Plan Funding Board now owns 464,340 shares of the corporate’s inventory valued at $21,086,000 after shopping for an extra 146,140 shares throughout the interval. 37.70% of the inventory is owned by institutional buyers.
Wall Road Analyst Weigh In
A number of analysts have not too long ago commented on DKNG shares. Mizuho raised their goal value on DraftKings from $54.00 to $62.00 and gave the corporate an “outperform” score in a analysis observe on Friday, October 18th. Morgan Stanley lifted their value goal on DraftKings from $47.00 to $48.00 and gave the corporate an “obese” score in a analysis observe on Tuesday, October twenty second. JPMorgan Chase & Co. lifted their value goal on DraftKings from $48.00 to $54.00 and gave the corporate an “obese” score in a analysis observe on Thursday, September twenty sixth. TD Cowen lifted their value goal on DraftKings from $50.00 to $55.00 and gave the corporate a “purchase” score in a analysis observe on Tuesday, November twelfth. Lastly, Macquarie lifted their value goal on DraftKings from $50.00 to $51.00 and gave the corporate an “outperform” score in a analysis observe on Monday, November eleventh. Three funding analysts have rated the inventory with a maintain score and twenty-four have issued a purchase score to the corporate’s inventory. In accordance with MarketBeat.com, the inventory presently has a consensus score of “Reasonable Purchase” and a mean goal value of $50.85.
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DraftKings Inventory Down 1.1 %
Shares of NASDAQ DKNG opened at $43.09 on Friday. DraftKings Inc. has a one 12 months low of $28.69 and a one 12 months excessive of $49.57. The enterprise’s fifty day transferring common value is $38.92 and its 200-day transferring common value is $37.97. The corporate has a debt-to-equity ratio of 1.17, a present ratio of 1.00 and a fast ratio of 1.00. The inventory has a market capitalization of $37.95 billion, a PE ratio of -48.97 and a beta of 1.82.
DraftKings (NASDAQ:DKNG – Get Free Report) final issued its earnings outcomes on Thursday, November seventh. The corporate reported ($0.60) EPS for the quarter, lacking the consensus estimate of ($0.42) by ($0.18). DraftKings had a detrimental return on fairness of 41.23% and a detrimental internet margin of 9.06%. The corporate had income of $1.10 billion throughout the quarter, in comparison with the consensus estimate of $1.12 billion. On common, equities analysis analysts anticipate that DraftKings Inc. will put up -0.73 EPS for the present 12 months.
Insider Shopping for and Promoting at DraftKings
In associated information, insider Jason Robins offered 3,151 shares of the agency’s inventory in a transaction dated Thursday, November twenty first. The inventory was offered at a mean value of $43.71, for a complete transaction of $137,730.21. Following the transaction, the insider now straight owns 2,631,033 shares of the corporate’s inventory, valued at roughly $115,002,452.43. This commerce represents a 0.12 % lower of their place. The sale was disclosed in a submitting with the SEC, which is accessible via this hyperlink. Additionally, insider Paul Liberman offered 643,654 shares of the agency’s inventory in a transaction dated Wednesday, September twenty fifth. The shares have been offered at a mean value of $41.24, for a complete worth of $26,544,290.96. Following the transaction, the insider now straight owns 137,308 shares within the firm, valued at roughly $5,662,581.92. This represents a 82.42 % lower of their possession of the inventory. The disclosure for this sale might be discovered right here. Insiders have offered a complete of 823,687 shares of firm inventory valued at $33,054,195 within the final 90 days. Company insiders personal 51.19% of the corporate’s inventory.
DraftKings Profile
DraftKings Inc operates as a digital sports activities leisure and gaming firm in the USA and internationally. It offers on-line sports activities betting and on line casino, each 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.
Really useful Tales
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