5,832 Shares in DraftKings Inc. (NASDAQ:DKNG) Purchased by Guggenheim Capital LLC


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Guggenheim Capital LLC acquired a new position in DraftKings Inc. (NASDAQ:DKNG) in the fourth quarter, HoldingsChannel reports. The fund acquired 5,832 shares of the company’s stock, valued at approximately $272,000.

Other large investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC lifted its stake in DraftKings by 172.4% in the fourth quarter. FNY Investment Advisers LLC now owns 550 shares of the company’s stock worth $25,000 after acquiring an additional 1,310 shares during the period. Global Retirement Partners LLC lifted its position in shares of DraftKings by 109.4% during the fourth quarter. Global Retirement Partners LLC now owns 555 shares of the company’s stock valued at $26,000 after buying an additional 290 shares during the last quarter. North Star Investment Management Corp. lifted its position in shares of DraftKings by 88.3% during the fourth quarter. North Star Investment Management Corp. now owns 565 shares of the company’s stock valued at $26,000 after buying an additional 265 shares during the last quarter. Oder Investment Management LLC purchased a new stake in shares of DraftKings during the fourth quarter valued at about $28,000. Finally, Global Wealth Management Investment Advisory Inc. lifted its position in shares of DraftKings by 42.1% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 675 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. 46.50% of the stock is owned by institutional investors.

Several research firms have commented on DKNG. Craig Hallum increased their price target on shares of DraftKings from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, March 1st. Berenberg Bank assumed coverage on shares of DraftKings in a research report on Tuesday, January 19th. They set a “sell” rating and a $41.00 price target for the company. Canaccord Genuity upped their price objective on shares of DraftKings from $65.00 to $80.00 and gave the company a “buy” rating in a report on Monday, March 8th. Macquarie upped their price objective on shares of DraftKings from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, March 16th. Finally, Needham & Company LLC restated a “buy” rating and set a $80.00 price objective on shares of DraftKings in a report on Monday, March 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the company’s stock. DraftKings presently has a consensus rating of “Buy” and a consensus price target of $65.54.

Shares of NASDAQ:DKNG opened at $57.48 on Friday. The business has a 50-day moving average price of $64.47 and a 200 day moving average price of $54.32. DraftKings Inc. has a 12-month low of $15.55 and a 12-month high of $74.38.

DraftKings (NASDAQ:DKNG) last released its earnings results on Thursday, February 25th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($0.12). The business had revenue of $322.00 million during the quarter, compared to the consensus estimate of $232.04 million. DraftKings’s quarterly revenue was up 68.6% compared to the same quarter last year. On average, sell-side analysts forecast that DraftKings Inc. will post -2.3 EPS for the current year.

DraftKings Profile

DraftKings Inc operates as a digital sports entertainment and gaming company in the United States. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design, development, and licensing of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products.

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Institutional Ownership by Quarter for DraftKings (NASDAQ:DKNG)

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