Hantz Financial Services Inc. Has $214,000 Stock Holdings in DraftKings Inc. (NASDAQ:DKNG)

Hantz Financial Services Inc. lifted its holdings in shares of DraftKings Inc. (NASDAQ:DKNG) by 241.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,453 shares of the company’s stock after buying an additional 3,854 shares during the period. Hantz Financial Services Inc.’s holdings in DraftKings were worth $214,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DKNG. Mizuho Securities USA LLC acquired a new stake in DraftKings in the 3rd quarter worth approximately $28,028,000. Janney Montgomery Scott LLC lifted its stake in shares of DraftKings by 51.6% in the third quarter. Janney Montgomery Scott LLC now owns 378,227 shares of the company’s stock worth $14,826,000 after buying an additional 128,676 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of DraftKings by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,175,255 shares of the company’s stock worth $124,470,000 after buying an additional 86,336 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of DraftKings by 238.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,971 shares of the company’s stock worth $19,481,000 after buying an additional 350,215 shares during the period. Finally, Principal Financial Group Inc. grew its stake in DraftKings by 14.6% in the 3rd quarter. Principal Financial Group Inc. now owns 234,768 shares of the company’s stock valued at $9,203,000 after buying an additional 29,991 shares during the last quarter. Institutional investors and hedge funds own 37.70% of the company’s stock.

Insiders Place Their Bets

In related news, insider Paul Liberman sold 88,441 shares of DraftKings stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $36.41, for a total value of $3,220,136.81. Following the completion of the transaction, the insider now directly owns 1,923,483 shares of the company’s stock, valued at $70,034,016.03. The trade was a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jason Robins sold 3,151 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $43.71, for a total transaction of $137,730.21. Following the transaction, the insider now owns 2,631,033 shares in the company, valued at approximately $115,002,452.43. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 735,246 shares of company stock valued at $29,902,158. 51.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DKNG shares. Needham & Company LLC restated a “buy” rating and set a $60.00 price target on shares of DraftKings in a report on Friday, November 8th. Susquehanna increased their target price on DraftKings from $48.00 to $50.00 and gave the company a “positive” rating in a research note on Monday, October 7th. Morgan Stanley lifted their price target on DraftKings from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Oppenheimer reduced their price objective on DraftKings from $58.00 to $55.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Finally, Barclays raised their price objective on shares of DraftKings from $45.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.04.

DraftKings Price Performance

Shares of DKNG stock opened at $43.93 on Tuesday. The stock’s fifty day simple moving average is $39.36 and its 200 day simple moving average is $37.86. DraftKings Inc. has a one year low of $28.69 and a one year high of $49.57. The firm has a market cap of $38.69 billion, a price-to-earnings ratio of -49.92 and a beta of 1.82. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.00 and a quick ratio of 1.00.

DraftKings (NASDAQ:DKNG) last issued its earnings results on Thursday, November 7th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.18). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. DraftKings had a negative net margin of 9.06% and a negative return on equity of 41.23%. On average, analysts expect that DraftKings Inc. will post -0.79 earnings per share for the current fiscal year.

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.