DraftKings Inc. (NASDAQ:DKNG – Get Free Report) has been given a consensus rating of “Moderate Buy” by the thirty-two research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $35.9429.
Several brokerages recently commented on DKNG. Deutsche Bank Aktiengesellschaft set a $26.00 price objective on shares of DraftKings in a research note on Tuesday, February 17th. UBS Group dropped their price objective on shares of DraftKings from $53.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Berenberg Bank set a $26.40 price objective on shares of DraftKings in a research note on Tuesday, February 24th. Argus downgraded shares of DraftKings from a “buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, Benchmark reaffirmed a “buy” rating on shares of DraftKings in a research note on Tuesday, March 3rd.
Check Out Our Latest Analysis on DKNG
DraftKings Price Performance
Insider Activity
In other news, insider R Stanton Dodge sold 52,777 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $32.01, for a total transaction of $1,689,391.77. Following the completion of the transaction, the insider owned 500,000 shares of the company’s stock, valued at approximately $16,005,000. This trade represents a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Erik Bradbury sold 7,268 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $22.50, for a total transaction of $163,530.00. Following the transaction, the chief accounting officer directly owned 36,736 shares of the company’s stock, valued at $826,560. The trade was a 16.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 549,495 shares of company stock valued at $14,166,700. 47.18% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On DraftKings
Several large investors have recently modified their holdings of the business. Ocean Park Asset Management LLC bought a new position in shares of DraftKings during the first quarter valued at $220,000. Rockefeller Capital Management L.P. raised its stake in shares of DraftKings by 458.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 104,360 shares of the company’s stock valued at $3,596,000 after acquiring an additional 85,665 shares during the last quarter. World Investment Advisors bought a new position in shares of DraftKings during the fourth quarter valued at $213,000. SHP Wealth Management bought a new position in shares of DraftKings during the fourth quarter valued at $42,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of DraftKings during the fourth quarter valued at $69,000. Institutional investors own 37.70% of the company’s stock.
DraftKings News Summary
Here are the key news stories impacting DraftKings this week:
- Positive Sentiment: Jefferies reiterates its Buy rating on DKNG, signaling continued analyst confidence in the company’s growth prospects despite recent share weakness. Jefferies Sticks to Its Buy Rating for DraftKings (DKNG)
- Positive Sentiment: DraftKings announced intent to launch its online sportsbook and casino in Alberta (pending approval), expanding its addressable market in Canada and providing a clear near-term growth catalyst (target universal launch July 13). DraftKings Announces Intent to Launch Online Sportsbook and Casino in Alberta, Canada
- Positive Sentiment: JPMorgan lowered its price target slightly to $31 but maintained an Overweight rating — the firm still implies meaningful upside from current levels, which can support investor confidence. JPMorgan Lowers DraftKings Target to $31, Keeps Overweight
- Neutral Sentiment: A Motley Fool-style roundup suggests DraftKings could be worth considering among beaten-down growth names, noting both risks and long-term opportunity; useful for investors evaluating risk tolerance and time horizon. Down 50 and Still Standing: 3 Growth Stocks Worth Your Attention Now
- Negative Sentiment: Citi trimmed its price target to $29 (from $32) ahead of Q1, flagging questions about whether sports-betting growth is slowing — a direct near-term headwind into earnings. Citi Trims DraftKings’ Target to $29 Ahead of Q1
- Negative Sentiment: Recent analysis pieces highlight extended price weakness and large multi-period declines, keeping valuation concerns and downside risk on investors’ radar ahead of earnings. Are DraftKings (DKNG) Shares Offering Value After Extended Price Weakness?
About DraftKings
DraftKings Inc is a leading digital sports entertainment and gaming company specializing in daily fantasy sports, sports betting and iGaming products. The company provides an integrated platform where users can participate in daily fantasy contests, place wagers on professional sports events, and enjoy a range of online casino-style games. DraftKings’ proprietary technology supports real-time odds, live scoring and advanced analytics to enhance the user experience across mobile and desktop applications.
Founded in 2012 by co-founders Jason Robins, Matthew Kalish and Paul Liberman, DraftKings began as a daily fantasy sports provider and rapidly expanded into regulated sports betting following legislative changes in the United States.
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