DraftKings Inc. (NASDAQ:DKNG - Get Free Report) insider Matthew Kalish sold 210,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $37.83, for a total transaction of $7,944,300.00. Following the sale, the insider now owns 4,155,130 shares of the company's stock, valued at $157,188,567.90. This trade represents a 4.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.
Matthew Kalish also recently made the following trade(s):
- On Tuesday, March 4th, Matthew Kalish sold 210,000 shares of DraftKings stock. The stock was sold at an average price of $40.61, for a total transaction of $8,528,100.00.
- On Friday, February 21st, Matthew Kalish sold 587,585 shares of DraftKings stock. The shares were sold at an average price of $47.05, for a total transaction of $27,645,874.25.
DraftKings Trading Up 0.8%
Shares of DraftKings stock traded up $0.29 on Friday, hitting $36.90. The stock had a trading volume of 6,891,711 shares, compared to its average volume of 9,896,847. The company has a quick ratio of 1.00, a current ratio of 0.93 and a debt-to-equity ratio of 1.24. DraftKings Inc. has a one year low of $28.69 and a one year high of $53.61. The stock has a market cap of $32.58 billion, a price-to-earnings ratio of -34.81, a PEG ratio of 1.43 and a beta of 1.89. The stock's 50-day simple moving average is $35.28 and its two-hundred day simple moving average is $39.29.
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, sell-side analysts predict that DraftKings Inc. will post 0.64 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on DKNG shares. Bank of America reduced their price target on shares of DraftKings from $60.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Benchmark increased their price target on shares of DraftKings from $44.00 to $51.00 and gave the company a "buy" rating in a research report on Monday, March 10th. Citigroup reduced their price target on shares of DraftKings from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Argus set a $60.00 price target on shares of DraftKings in a research report on Tuesday, February 18th. Finally, Northland Securities set a $50.00 price objective on shares of DraftKings in a report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.04.
Get Our Latest Report on DKNG
Institutional Investors Weigh In On DraftKings
Several institutional investors and hedge funds have recently modified their holdings of DKNG. Raiffeisen Bank International AG purchased a new stake in shares of DraftKings in the 4th quarter worth about $25,000. FNY Investment Advisers LLC purchased a new stake in shares of DraftKings in the 1st quarter worth about $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of DraftKings in the 1st quarter worth about $27,000. Stonebridge Financial Group LLC purchased a new stake in shares of DraftKings in the 4th quarter worth about $28,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of DraftKings in the 4th quarter worth about $28,000. 37.70% of the stock is owned by hedge funds and other institutional investors.
DraftKings Company Profile
(
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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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