Key Points
- R. Stanton Dodge sold 52,777 DraftKings shares on Jan. 20 at an average price of $32.01 for about $1.69M, leaving him with 500,000 shares (a 9.55% reduction in his ownership).
- He also disposed of identical 52,777-share blocks on Dec. 1 (at $33.84) and Nov. 6 (at $29.00), suggesting a pattern of periodic insider selling over recent months.
- DraftKings recently missed quarterly EPS and revenue estimates and has negative margins, but analysts maintain a “Moderate Buy” consensus with a $47.10 average price target.
DraftKings Inc. (NASDAQ:DKNG - Get Free Report) insider R Stanton Dodge sold 52,777 shares of the company'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 sale, the insider directly owned 500,000 shares in the company, valued at approximately $16,005,000. The trade was a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
R Stanton Dodge also recently made the following trade(s):
- On Monday, December 1st, R Stanton Dodge sold 52,777 shares of DraftKings stock. The shares were sold at an average price of $33.84, for a total value of $1,785,973.68.
- On Thursday, November 6th, R Stanton Dodge sold 52,777 shares of DraftKings stock. The shares were sold at an average price of $29.00, for a total value of $1,530,533.00.
DraftKings Stock Up 0.1%
DraftKings stock opened at $31.62 on Friday. The firm has a market cap of $15.74 billion, a price-to-earnings ratio of -55.47, a price-to-earnings-growth ratio of 0.64 and a beta of 1.63. DraftKings Inc. has a 52 week low of $26.23 and a 52 week high of $53.61. The business's 50-day moving average price is $33.54 and its 200 day moving average price is $38.05. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 2.51.
DraftKings (NASDAQ:DKNG - Get Free Report) last announced its quarterly earnings results on Friday, November 7th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.27). DraftKings had a negative net margin of 4.90% and a negative return on equity of 22.84%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm posted ($0.60) earnings per share. The company's revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that DraftKings Inc. will post 0.64 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on DKNG shares. Northland Securities raised shares of DraftKings from an "under perform" rating to a "market perform" rating in a report on Monday, November 10th. Wall Street Zen cut DraftKings from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Macquarie reduced their price target on DraftKings from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Monday, November 10th. Guggenheim lowered their price target on DraftKings from $55.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, November 10th. Finally, Oppenheimer dropped their price objective on DraftKings from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Wednesday, October 1st. Twenty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $47.10.
Check Out Our Latest Stock Analysis on DKNG
DraftKings News Summary
Here are the key news stories impacting DraftKings this week:
- Positive Sentiment: Analyst bullish case — A Seeking Alpha note argues prediction markets aren’t a material threat to DraftKings’ core sportsbook growth, cites record hold percentage, improved net revenue margin and user metrics in recent quarters, and values DKNG at ~30x EBITDA / 2.6x sales with a $44 forward price target. This supports a constructive intermediate outlook. Are Prediction Markets Really A Threat To DraftKings?
- Positive Sentiment: Event catalyst — MarketBeat highlights the Super Bowl as a near-term revenue catalyst and suggests recent weak game outcomes were transitory; higher betting volume and a richer parlay mix could drive a swift revenue rebound if trends normalize. The Super Bowl Catalyst
- Neutral Sentiment: Media attention / TV commentary — Jim Cramer flagged DraftKings and emphasized state expansion (notably Texas, California, Florida) as the major upside driver; his comments keep regulatory roll‑out risk/reward top of mind but don’t change fundamentals today. Jim Cramer on DraftKings
- Neutral Sentiment: Analyst/press roundup — Several press items (Globe and Mail, Zacks) show mixed analyst views and elevated investor attention; coverage is increasing but consensus remains split on growth trajectory vs. near‑term volatility. Analysts Offer Insights Zacks: Attracting Investor Attention
- Negative Sentiment: Recent trading / performance pullback — MarketWatch noted a recent intraday decline (yet outperformance vs. the broader market at the time), reflecting continued sensitivity to quarterly misses, event outcomes, and investor rotation; DKNG still trades below its 200‑day MA and faces margin/leverage headwinds. MarketWatch: Stock Falls
Hedge Funds Weigh In On DraftKings
A number of hedge funds have recently made changes to their positions in the company. Dagco Inc. acquired a new stake in shares of DraftKings in the fourth quarter worth approximately $26,000. TD Private Client Wealth LLC boosted its stake in DraftKings by 54.4% during the 2nd quarter. TD Private Client Wealth LLC now owns 800 shares of the company's stock worth $34,000 after purchasing an additional 282 shares during the last quarter. Ameriflex Group Inc. boosted its stake in DraftKings by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 810 shares of the company's stock worth $30,000 after purchasing an additional 405 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of DraftKings during the third quarter worth $33,000. Finally, Asset Dedication LLC acquired a new stake in shares of DraftKings in the third quarter valued at about $37,000. Institutional investors and hedge funds own 37.70% of the company's stock.
About DraftKings
(
Get Free Report)
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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