$DKING$ Always a good sign when a CEO starts tweeting about their stock?
$DraftKings Inc.(DKNG)$ CEO says people selling his company’s stock will ‘regret that decision more than any other decision you’ve ever made in your life’. From twitter Mar 9th,2022
The online gaming company DraftKings(DKNG)offered up some potentially exciting news for investors on March 3. Management said it underestimated its market opportunity by $13 billion at an investor day presentation.
Dr. Parik Patel, BA, CFA shared some infos collected form fillings shows that the CEO is keeping selling his own shares of DKING.
Wall Street analysts predict that DraftKings Inc. (NASDAQ:DKNG -Get Rating) will announce $410.65 million in sales for the current quarter, according toZacks Investment Research.
On average, analysts expect that DraftKings will report full-year sales of $1.99 billion for the current fiscal year, with estimates ranging from $1.93 billion to $2.10 billion. For the next year, analysts forecast that the business will post sales of $2.65 billion, with estimates ranging from $2.48 billion to $2.78 billion. Zacks Investment Research's sales calculations are an average based on a survey of sell-side analysts that that provide coverage for DraftKings.
Large investors have recently made changes to their positions in the business.
Parkside Financial Bank & Trust grew its holdings in DraftKings by 666.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 521 shares of the company's stock valued at $25,000 after buying an additional 453 shares during the last quarter.
Northern Oak Wealth Management Inc. grew its holdings in DraftKings by 57.1% during the 2nd quarter. Northern Oak Wealth Management Inc. now owns 550 shares of the company's stock valued at $29,000 after buying an additional 200 shares during the last quarter.
Allworth Financial LP lifted its stake in shares of DraftKings by 72.0% during the 3rd quarter. Allworth Financial LP now owns 860 shares of the company's stock worth $41,000 after purchasing an additional 360 shares during the period.
Quent Capital LLC purchased a new position in shares of DraftKings during the 4th quarter worth $25,000.
Finally, Widmann Financial Services Inc. purchased a new position in shares of DraftKings during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 64.55% of the company's stock.
Regarding the Price expectation :
Canaccord Genuity Group reduced their price objective on DraftKings from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Tuesday, February 22nd.
Moffett Nathanson started coverage on DraftKings in a research note on Monday, December 13th. They set a "neutral" rating and a $36.00 price objective for the company.
CBRE Group started coverage on DraftKings in a research note on Tuesday, December 7th. They set a "hold" rating and a $36.00 price objective for the company.
Finally, Cowen reduced their price objective on DraftKings from $70.00 to $60.00 in a research note on Thursday, February 17th. Twelve research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company.
According to MarketBeat, DraftKings has an average rating of "Buy" and an average price target of $47.69.
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