23,355 Shares in DraftKings Inc. (NASDAQ:DKNG) Bought by Silverleafe Capital Partners LLC

Silverleafe Capital Partners LLC acquired a new position in DraftKings Inc. (NASDAQ:DKNG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,355 shares of the company’s stock, valued at approximately $1,061,000.

A number of other large investors have also recently modified their holdings of the stock. Highlander Capital Management LLC increased its position in shares of DraftKings by 180.0% during the fourth quarter. Highlander Capital Management LLC now owns 700 shares of the company’s stock valued at $25,000 after buying an additional 450 shares during the period. Transcendent Capital Group LLC purchased a new stake in DraftKings in the fourth quarter worth about $26,000. Montag A & Associates Inc. purchased a new stake in DraftKings in the fourth quarter worth about $29,000. Massmutual Trust Co. FSB ADV grew its holdings in DraftKings by 117.5% in the first quarter. Massmutual Trust Co. FSB ADV now owns 922 shares of the company’s stock worth $42,000 after purchasing an additional 498 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in DraftKings in the fourth quarter worth about $37,000. Institutional investors own 37.70% of the company’s stock.

Insider Transactions at DraftKings

In other news, insider Paul Liberman sold 668,890 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $38.83, for a total value of $25,972,998.70. Following the sale, the insider now directly owns 205,962 shares in the company, valued at approximately $7,997,504.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Paul Liberman sold 668,890 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $38.83, for a total value of $25,972,998.70. Following the sale, the insider now directly owns 205,962 shares in the company, valued at approximately $7,997,504.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Harry Sloan sold 250,000 shares of DraftKings stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $38.15, for a total transaction of $9,537,500.00. Following the transaction, the director now directly owns 250,000 shares of the company’s stock, valued at $9,537,500. The disclosure for this sale can be found here. Insiders have sold a total of 1,520,340 shares of company stock worth $60,996,583 in the last three months. Insiders own 51.19% of the company’s stock.

DraftKings Stock Up 2.9 %

Shares of NASDAQ DKNG opened at $38.17 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.51. The firm’s fifty day moving average is $40.72 and its two-hundred day moving average is $40.54. DraftKings Inc. has a 52-week low of $24.97 and a 52-week high of $49.57.

DraftKings (NASDAQ:DKNG) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.02). The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.12 billion. DraftKings had a negative net margin of 13.45% and a negative return on equity of 62.74%. The business’s revenue was up 52.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.87) earnings per share. On average, analysts forecast that DraftKings Inc. will post -0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BTIG Research upped their price objective on shares of DraftKings from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Stifel Nicolaus cut their price target on shares of DraftKings from $51.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. UBS Group increased their price target on shares of DraftKings from $56.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Moffett Nathanson increased their price target on shares of DraftKings from $52.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $60.00 price target on shares of DraftKings in a report on Wednesday, June 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, DraftKings presently has an average rating of “Moderate Buy” and an average price target of $49.24.

DraftKings Company Profile

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.