9,649 Shares in DraftKings Inc. (NASDAQ:DKNG) Bought by Compass Capital Corp MA ADV

Compass Capital Corp MA ADV bought a new position in DraftKings Inc. (NASDAQ:DKNG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,649 shares of the company’s stock, valued at approximately $359,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new stake in shares of DraftKings in the fourth quarter valued at about $28,000. Synergy Asset Management LLC bought a new stake in DraftKings in the 4th quarter valued at approximately $30,000. Delos Wealth Advisors LLC bought a new stake in DraftKings in the 3rd quarter valued at approximately $43,000. Creative Financial Designs Inc. ADV boosted its position in DraftKings by 36.8% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,190 shares of the company’s stock worth $47,000 after acquiring an additional 320 shares during the last quarter. Finally, YANKCOM Partnership bought a new position in shares of DraftKings during the 4th quarter worth approximately $48,000. Institutional investors own 37.70% of the company’s stock.

DraftKings Trading Down 7.8 %

Shares of NASDAQ:DKNG opened at $45.57 on Friday. The stock has a market cap of $22.33 billion, a PE ratio of -42.99, a P/E/G ratio of 1.91 and a beta of 1.93. The company has a quick ratio of 1.00, a current ratio of 0.93 and a debt-to-equity ratio of 1.24. DraftKings Inc. has a 12-month low of $28.69 and a 12-month high of $53.61. The business has a 50 day moving average of $41.41 and a 200-day moving average of $39.28.

DraftKings (NASDAQ:DKNG) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.35). DraftKings had a negative net margin of 10.64% and a negative return on equity of 48.13%. As a group, equities research analysts forecast that DraftKings Inc. will post 0.49 earnings per share for the current year.

Insider Activity at DraftKings

In other DraftKings news, insider Jason Robins sold 200,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $45.00, for a total transaction of $9,000,000.00. Following the transaction, the insider now owns 2,678,613 shares in the company, valued at $120,537,585. This trade represents a 6.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R Stanton Dodge sold 228,496 shares of DraftKings stock in a transaction on Monday, December 9th. The shares were sold at an average price of $42.74, for a total value of $9,765,919.04. Following the completion of the transaction, the insider now directly owns 541,884 shares of the company’s stock, valued at $23,160,122.16. This represents a 29.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,160,591 shares of company stock worth $46,945,158. Corporate insiders own 51.19% of the company’s stock.

Analyst Upgrades and Downgrades

DKNG has been the topic of a number of research reports. Stifel Nicolaus boosted their price objective on shares of DraftKings from $48.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday. Piper Sandler reissued an “overweight” rating and set a $60.00 price target (up from $48.00) on shares of DraftKings in a research report on Tuesday. Wells Fargo & Company raised their price objective on DraftKings from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday. Barclays lifted their target price on DraftKings from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, TD Cowen reduced their price target on DraftKings from $55.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DraftKings currently has an average rating of “Moderate Buy” and a consensus target price of $53.69.

About DraftKings

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.