DraftKings Gets Downgraded by Roth Capital
On February 9th, 2023, Roth Capital changed its stance on DraftKings from Neutral to Sell.
Average One-Year Price Target for DraftKings
As of February 10th, 2023, the average one-year price target for DraftKings is $20.77. The predictions range from a low of $12.12 to a high of $50.40. This average target price represents an increase of 25.65% compared to its latest closing price of $16.53.
Projected Annual Revenue for DraftKings
DraftKings is expected to generate an annual revenue of $2,972MM, which represents a 59.90% increase.
Investment by Norges Bank
Norges Bank holds 2,915K shares, which make up 0.65% of the company’s ownership. In its previous filing, the firm reported owning 2,990K shares, a decrease of 2.55%. Over the past quarter, Norges Bank reduced its allocation in DKNG by 8.13%.
Investment by Bamco
Bamco holds 875K shares, which make up 0.19% of the company’s ownership. No changes were made in the last quarter.
Investment by BFOCX – Berkshire Focus Fund
BFOCX – Berkshire Focus Fund holds 576K shares, which make up 0.13% of the company’s ownership. In its previous filing, the firm reported holding 0 shares, an increase of 100.00%.
Investment by Berkshire Capital Holdings
Berkshire Capital Holdings holds 576K shares, which make up 0.13% of the company’s ownership. In its previous filing, the firm reported holding 0 shares, an increase of 100.00%. Over the last quarter, the firm increased its allocation in DKNG by 911,637.44%.
Investment by SherpaCapital
SherpaCapital holds 306K shares, which make up 0.07% of the company’s ownership. No changes were made in the last quarter.
Decrease in Total Ownership of DraftKings
Over the past quarter, the number of owners decreased by 199 or 94.31%. The average portfolio weight of all funds dedicated to DKNG is 0.68%, an increase of 63.80%. The total shares owned by institutions decreased by 86.33% over the last three months to 5,500K shares. The put/call ratio of DKNG is 0.90, indicating a bullish outlook.
(Information provided by the company)
About DraftKings
DraftKings is a US-based company that offers daily and weekly fantasy sports contests and sports betting services. The company allows users to enter contests related to five major American sports (MLB, NHL, NFL, NBA, and PGA), Premier League and UEFA Champions League football, NASCAR racing, Canadian Football League, XFL, mixed martial arts (MMA), tennis, All Elite Wrestling (AEW), and WWE. Based on the individual player’s performance, users can win money.