EverSource Wealth Advisors LLC Takes $158,000 Position in DraftKings Inc. (NASDAQ:DKNG)

Financial Advisors


EverSource Wealth Advisors LLC acquired a new stake in DraftKings Inc. (NASDAQ: DKNG – Get Rating) during the fourth quarter, according to the company’s latest filing with the Securities and Exchange Commission (SEC). About. The company acquired 13,905 shares of the company stock, valued at approximately $158,000.

Several other institutional investors and hedge funds have also recently changed their stakes in DKNG. Armstrong Advisory Group Inc. purchased new Draft Kings shares during the fourth quarter for a value of approximately $25,000. Ellevest Inc. upped his DraftKings stock position by 1,005.5% during the third quarter. Ellevest Inc. now owns 2,012 shares worth $30,000, with an additional 1,830 shares he purchased during the last quarter. Baystate Wealth Management LLC increased its position in Draft Kings stock by 229.4% during the fourth quarter. Bay State Wealth Management LLC purchased an additional 2,294 shares during the last quarter and now owns 3,294 shares worth $38,000. Wipfli Financial Advisors LLC purchased approximately $41,000 worth of new Draft Kings stock during the third quarter. Finally, FourThought Financial LLC increased his DraftKings stock position by 2,409.8% during the third quarter. FourThought Financial LLC purchased an additional 2,964 shares during the last quarter and now owns 3,087 shares of the company, valued at $47,000. Institutional investors hold 30.60% of the company’s shares.

insider bet

In other DraftKings news, insider Jason Robbins sold 300,000 shares of the company in a deal on Monday, March 27. The shares were sold at an average price of $17.72 for a total of $5,316,000.00. Following the closing of the transaction, the insider will own directly 6,152,595 shares of the company, valued at $109,023,983.40. The sale was disclosed in filings with the Securities and Exchange Commission, which can be accessed on the SEC’s website. In other news, insider Jason Robbins sold 300,000 shares of the company in a transaction on Monday, March 27. The stock sold at an average price of $17.72, giving him a trading value of $5,316,000.00. After the sale, the insider now owns 6,152,595 shares of the company, valued at $109,023,983.40. The sale was disclosed in legal filings with the Securities and Exchange Commission, available at this hyperlink. CAO Eric Bradbury also sold 3,000 shares of the company in a deal on Friday, May 5. The stock sold at an average price of $25.00, bringing him $75,000. After the sale, the Chief Accounting Officer now owns 26,889 shares of the company, valued at approximately $672,225. Disclosure information regarding this sale can be found here. In the past 90 days, insiders have sold 2,063,948 shares of the company, valued at $41,394,534. 51.19% of the shares are owned by corporate insiders.

Analyst Rating Change

Several equity research analysts recently released a report on the DKNG stock. SpectralCast reiterated its “maintain” rating on DraftKings shares in its research report on Monday, May 8. Oppenheimer raised his price target on DraftKings shares from $28.00 to $30.00 in a report on Friday, May 5, giving the company an “outperform” rating. MKM Partners downgraded DraftKings’ stock from ‘neutral’ to ‘sell’ and set a target price for the company at $15.00. In a report on Thursday, February 9th. Guggenheim raised its price target on DraftKings stock to $32.00 from $27.00 in a report on Monday, May 8. Finally, Citigroup raised its price target on DraftKings stock to $30.00 from $25.00 in a report on Sunday. Five research analysts gave the stock a “sell” rating, seven “hold” ratings and 17 “buy” ratings. According to MarketBeat.com, DraftKings has an average rating of “hold” and a consensus price target of $24.62.

DraftKings stock performance

Shares of DraftKing shares opened at $23.53 on Monday. The company has a market cap of $19.87 billion, a P/E of -8.11 and a beta of 1.80. The company’s 50-day simple moving average is $19.94 and its 200-day simple moving average is $16.58. DraftKings hit a one-year low of $10.52 and a one-year high of $25.34.

The DraftKings (NASDAQ:DKNG – rated) last reported earnings on Thursday, February 16th. The company reported EPS for the quarter ($0.53), $0.10 better than analyst consensus expectations ($0.63). The business reported revenue of $855 million for the quarter, compared to consensus expectations of $799.29 million. DraftKings had a net profit margin of 50.42% and a negative return on equity of 87.08%. The company’s revenue increased by he 80.8% over the previous year. In the same period last year, the company posted earnings per share of $0.80. On average, equity analysts expect DraftKings’ earnings per share to fall by -2.06 this fiscal year.

About Draft Kings

(get rating)

DraftKings Inc operates a digital sports entertainment and gaming company. We provide multi-channel sports betting and gaming technology to enhance sports and gaming entertainment for operators in 17 countries. The company operates iGaming in five states through his DraftKings brand, and iGaming products and game brand, Golden Nugget Online Gaming, in three states.

Recommended stories

Want to know if other hedge funds hold DKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for DraftKings Inc. (NASDAQ:DKNG – rated).

DraftKings Quarterly Institutional Ownership (NASDAQ:DKNG)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments regarding this story to contact@marketbeat.com.

Listen to this before considering DraftKings.

MarketBeat tracks Wall Street’s highest-rated, highest-performing research analysts and the stocks they recommend to clients every day. Marketbeat has identified five stocks top analysts are secretly whispering to customers to buy now before the entire market goes viral…and Draft Kings wasn’t on that list.

The DraftKings currently have a “Hold” rating among analysts, but high-scoring analysts think these five stocks are better buys.

Click here for 5 brands

Investment Strategies to Increase Retirement Income Security



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *