DraftKings Inc. (NASDAQ:DKNG – Get Free Report) insider Paul Liberman sold 88,441 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $35.64, for a total transaction of $3,152,037.24. Following the completion of the transaction, the insider now directly owns 2,498,483 shares of the company’s stock, valued at $89,045,934.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Paul Liberman also recently made the following trade(s):
- On Monday, July 15th, Paul Liberman sold 63,206 shares of DraftKings stock. The shares were sold at an average price of $39.00, for a total transaction of $2,465,034.00.
- On Tuesday, June 25th, Paul Liberman sold 668,890 shares of DraftKings stock. The shares were sold at an average price of $38.83, for a total transaction of $25,972,998.70.
DraftKings Stock Up 0.7 %
DraftKings stock traded up $0.24 during trading on Tuesday, reaching $35.33. 5,431,995 shares of the company’s stock were exchanged, compared to its average volume of 10,853,036. The company’s 50-day moving average is $36.26 and its two-hundred day moving average is $40.26. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.34 and a current ratio of 1.34. DraftKings Inc. has a 52-week low of $25.73 and a 52-week high of $49.57. The firm has a market cap of $30.71 billion, a price-to-earnings ratio of -29.96 and a beta of 1.81.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of DraftKings from $34.00 to $35.00 and gave the company a “hold” rating in a report on Monday, May 6th. Morgan Stanley dropped their target price on shares of DraftKings from $51.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, August 13th. Jefferies Financial Group raised their price objective on shares of DraftKings from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Wells Fargo & Company dropped their price objective on shares of DraftKings from $53.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, BTIG Research raised their price objective on shares of DraftKings from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.56.
Read Our Latest Stock Report on DraftKings
Institutional Trading of DraftKings
A number of institutional investors have recently added to or reduced their stakes in DKNG. Transcendent Capital Group LLC purchased a new position in DraftKings in the 4th quarter valued at about $26,000. Montag A & Associates Inc. purchased a new position in DraftKings in the 4th quarter valued at about $29,000. LRI Investments LLC acquired a new stake in shares of DraftKings in the 1st quarter valued at about $31,000. LifeSteps Financial Inc. acquired a new stake in shares of DraftKings in the 1st quarter valued at about $33,000. Finally, Concord Wealth Partners raised its stake in shares of DraftKings by 140.2% in the 1st quarter. Concord Wealth Partners now owns 776 shares of the company’s stock valued at $35,000 after purchasing an additional 453 shares in the last quarter. 37.70% of the stock is owned by hedge funds and other institutional investors.
About DraftKings
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
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Study: How Much Are Retirees Earning from Side Hustles in 2024?
- Where Do I Find 52-Week Highs and Lows?
- Brinker International Offers a Pullback Opportunity on EPS Miss
- What is Forex and How Does it Work?
- Globant Is an Emerging AI Play That’s Expanding Its Footprint
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.com's FREE daily email newsletter.