The consensus among analysts is that DraftKings Inc. (DKNG) is an Overweight stock at the moment, with a recommendation rating of 2.2. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 7 out of 27 have rated it as a Hold, with 18 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.42.
DraftKings Inc. (NASDAQ:DKNG) trade information
Wall Street analysts have a consensus price target for the stock at $72.96, which means that the shares’ value could jump 36.53% from the levels at last check today. The projected low price target is $41 while the price target rests at a high of $105. In that case, then, we find that the latest price level in today’s session is +96.48% off the targeted high while a plunge would see the stock lose -23.28% from the levels at last check today.
DraftKings Inc. (DKNG) estimates and forecasts
Figures show that DraftKings Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +52.74% over the past 6 months, with this year growth rate of 32.25%, compared to 18.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -75% and 22.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be +69.5%.
21 analysts offering their estimates for the company have set an average revenue estimate of $233.08 Million for the current quarter. 21 have an estimated revenue figure of $215.25 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $113.44 Million and $75Million respectively for this quarter and the next, and analysts expect sales will grow by 105.5% for the current quarter and 187% for the next.
Earnings growth for 2021 is a modest -668.2% while over the next 5 years, the company’s earnings are expected to increase by 30.3%.
DraftKings Inc. (NASDAQ:DKNG)’s Major holders
Insiders own 13.87% of the company shares, while shares held by institutions stand at 54.4% with a share float percentage of 63.16%. Investors are also buoyed by the number of investors in a company, with DraftKings Inc. having a total of 783 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 23.51 Million shares worth more than $1.09 Billion. As of December 30, 2020, Vanguard Group, Inc. (The) held 5.91% of shares outstanding.
The other major institutional holder is Price (T.Rowe) Associates Inc, with the holding of over 19.39 Million shares as of December 30, 2020. The firm’s total holdings are worth over $902.62 Million and represent 4.87% of shares outstanding.
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Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of December 30, 2020, the former fund manager holds about 1.95% shares in the company for having 7742491 shares of worth $360.49 Million while later fund manager owns 6.2 Million shares of worth $288.47 Million as of December 30, 2020, which makes it owner of about 1.56% of company’s outstanding stock.