J.W. Cole Advisors Inc. acquired a new stake in DraftKings Inc. (NASDAQ:DKNG – Get Rating) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 67,349 shares of the company's stock, valued at approximately $26,000.
Other institutional investors have also recently bought and sold shares of the company. Tompkins Financial Corp bought a new position in DraftKings in the 1st quarter valued at $27,000. Cornerstone Advisory LLC bought a new stake in shares of DraftKings during the fourth quarter worth $39,000. Lenox Wealth Advisors LLC raised its position in shares of DraftKings by 21,316.7% during the first quarter. Lenox Wealth Advisors LLC now owns 2,570 shares of the company's stock worth $42,000 after acquiring an additional 2,558 shares during the last quarter. Joseph P. Lucia & Associates LLC bought a new stake in shares of DraftKings during the first quarter worth $43,000. Finally, Credit Agricole S A raised its position in shares of DraftKings by 93.6% during the fourth quarter. Credit Agricole S A now owns 1,758 shares of the company's stock worth $48,000 after acquiring an additional 850 shares during the last quarter. Institutional investors own 29.18% of the company's stock.
Get DraftKings alerts:DraftKings Stock Performance
Shares of NASDAQ DKNG opened at $14.98 on Friday. The stock has a 50 day moving average price of $16.69 and a 200 day moving average price of $15.39. DraftKings Inc. has a 52 week low of $9.77 and a 52 week high of $52.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 2.96. The stock has a market capitalization of $12.61 billion, a PE ratio of -3.95 and a beta of 1.92.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on DKNG. Susquehanna Bancshares boosted their target price on DraftKings from $20.00 to $24.00 and gave the stock a "positive" rating in a research report on Tuesday, September 6th. Guggenheim dropped their target price on DraftKings to $31.00 in a research report on Wednesday, September 14th. Morgan Stanley dropped their price objective on DraftKings from $31.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, August 8th. Susquehanna upped their price objective on DraftKings from $20.00 to $24.00 and gave the company a "positive" rating in a report on Tuesday, September 6th. Finally, Truist Financial upped their price objective on DraftKings from $16.00 to $20.00 and gave the company a "hold" rating in a report on Monday, August 8th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, DraftKings has an average rating of "Moderate Buy" and an average target price of $27.71.DraftKings Company Profile
(Get Rating)
DraftKings Inc operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states.
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