DraftKings Inc. (NASDAQ:DKNG - Get Free Report) insider R Stanton Dodge sold 52,777 shares of DraftKings stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $33.49, for a total value of $1,767,501.73. Following the sale, the insider now directly owns 516,563 shares in the company, valued at approximately $17,299,694.87. The trade was a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
R Stanton Dodge also recently made the following trade(s):
- On Monday, May 5th, R Stanton Dodge sold 52,777 shares of DraftKings stock. The stock was sold at an average price of $34.04, for a total transaction of $1,796,529.08.
- On Monday, April 21st, R Stanton Dodge sold 52,777 shares of DraftKings stock. The shares were sold at an average price of $32.28, for a total transaction of $1,703,641.56.
- 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 transaction 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 transaction of $1,985,470.74.
DraftKings Price Performance
NASDAQ DKNG traded down $1.11 during trading hours on Thursday, hitting $33.73. The company had a trading volume of 10,640,923 shares, compared to its average volume of 9,728,977. The firm has a 50 day simple moving average of $34.51 and a 200 day simple moving average of $38.97. DraftKings Inc. has a 52 week low of $28.69 and a 52 week high of $53.61. The firm has a market capitalization of $30.00 billion, a price-to-earnings ratio of -31.82, a PEG ratio of 1.43 and a beta of 1.89. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.00 and a current ratio of 0.93.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on DKNG shares. Morgan Stanley reduced their price target on shares of DraftKings from $53.00 to $51.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Mizuho lowered their price objective on shares of DraftKings from $59.00 to $58.00 and set an "outperform" rating for the company in a research report on Monday, May 12th. Sanford C. Bernstein initiated coverage on shares of DraftKings in a research note on Wednesday. They set an "outperform" rating and a $46.00 target price on the stock. TD Securities cut their price target on DraftKings from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Jefferies Financial Group set a $60.00 price objective on DraftKings and gave the stock a "buy" rating in a research report on Sunday, April 13th. One analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, DraftKings has a consensus rating of "Moderate Buy" and an average price target of $54.41.
Get Our Latest Analysis on DraftKings
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of DKNG. Raiffeisen Bank International AG bought a new position in DraftKings in the fourth quarter valued at about $25,000. FNY Investment Advisers LLC bought a new position in DraftKings during the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in DraftKings in the first quarter worth $27,000. Stonebridge Financial Group LLC purchased a new stake in shares of DraftKings during the 4th quarter valued at about $28,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of DraftKings during the 4th quarter valued at about $28,000. 37.70% of the stock is currently owned by institutional investors.
About DraftKings
(
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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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