This afternoon we watched DraftKings rise 2.7% to a price of $25.63 per share. The mid-cap Leisure company is now trading -10.28% below its average target price of $28.57. Analysts have set target prices ranging from $17.0 to $39.0 per share for DraftKings, and have given the stock an average rating of buy.
DraftKings has an average level of shares sold short, at 5.8% of its total share float. The stock's short ratio (also called days to cover) is 1.82. The company's insiders own 5.37% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 56.1% of DraftKings's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in DraftKings
Date Reported | Holder | Percentage | Shares | Value |
---|---|---|---|---|
2023-03-31 | Vanguard Group, Inc. (The) | 8% | 36,028,161 | $923,524,260 |
2023-03-31 | ARK Investment Management, LLC | 5% | 23,931,255 | $613,439,431 |
2023-03-31 | Capital Research Global Investors | 4% | 18,079,439 | $463,437,491 |
2023-03-31 | Blackrock Inc. | 3% | 15,477,062 | $396,729,720 |
2023-03-31 | Sumitomo Mitsui Trust Holdings, Inc. | 3% | 13,163,238 | $337,418,544 |
2023-03-31 | Nikko Asset Management Americas, Inc. | 3% | 13,163,238 | $337,418,544 |
2023-03-31 | Raine Capital Llc | 2% | 8,413,509 | $215,666,841 |
2023-03-31 | Wellington Management Group, LLP | 2% | 8,256,405 | $211,639,731 |
2023-03-31 | Redpoint Management, Llc | 1% | 6,818,618 | $174,784,362 |
2023-03-31 | Atlas Venture Advisors, Inc. | 1% | 6,555,608 | $168,042,521 |