Key Points
- Harry Sloan, a DraftKings director, bought 100,000 shares on Feb. 17 at an average price of $21.85 for about $2.185 million, increasing his stake to 350,219 shares (a ~40% boost), per an SEC Form 4 filing.
- Wall Street sentiment is mixed: the stock carries a consensus rating of "Moderate Buy" with an average target of $37.89 (24 Buys, 6 Holds, 1 Sell), yet several major brokers have recently cut price targets, limiting near‑term upside.
- Trading and fundamentals: DKNG opened at $23.21 (near its 1‑year low of $21.01 vs a high of $51.15), has a market cap around $11.4 billion, a negative PE, and a relatively high debt‑to‑equity ratio (~2.91), signaling valuation and leverage considerations.
DraftKings Inc. (NASDAQ:DKNG - Get Free Report) Director Harry Sloan acquired 100,000 shares of the business's stock in a transaction dated Tuesday, February 17th. The stock was acquired at an average cost of $21.85 per share, with a total value of $2,185,000.00. Following the completion of the transaction, the director owned 350,219 shares of the company's stock, valued at approximately $7,652,285.15. The trade was a 39.96% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
DraftKings Stock Up 2.7%
DKNG stock opened at $23.21 on Thursday. DraftKings Inc. has a 1-year low of $21.01 and a 1-year high of $51.15. The business's 50 day simple moving average is $31.47 and its 200 day simple moving average is $35.73. The company has a current ratio of 1.03, a quick ratio of 1.09 and a debt-to-equity ratio of 2.91. The firm has a market capitalization of $11.44 billion, a PE ratio of -580.25, a PEG ratio of 0.45 and a beta of 1.67.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Guggenheim set a $37.00 target price on shares of DraftKings in a research note on Tuesday. Texas Capital upgraded shares of DraftKings to a "hold" rating in a research note on Thursday, January 8th. Bank of America cut their price objective on shares of DraftKings from $37.50 to $30.00 and set a "neutral" rating for the company in a research report on Friday, February 13th. Jefferies Financial Group restated a "buy" rating on shares of DraftKings in a report on Sunday. Finally, Northland Securities set a $24.00 target price on DraftKings in a research report on Tuesday. Twenty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DraftKings presently has a consensus rating of "Moderate Buy" and an average target price of $37.89.
Get Our Latest Stock Analysis on DKNG
Institutional Investors Weigh In On DraftKings
A number of hedge funds and other institutional investors have recently made changes to their positions in DKNG. Dagco Inc. acquired a new stake in DraftKings during the fourth quarter worth approximately $26,000. Ameriflex Group Inc. raised its holdings in DraftKings by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 810 shares of the company's stock valued at $30,000 after acquiring an additional 405 shares in the last quarter. Root Financial Partners LLC acquired a new position in DraftKings in the 3rd quarter valued at $33,000. Asset Dedication LLC bought a new stake in shares of DraftKings during the 3rd quarter valued at $37,000. Finally, Montag A & Associates Inc. grew its holdings in shares of DraftKings by 82.5% during the 4th quarter. Montag A & Associates Inc. now owns 1,106 shares of the company's stock worth $38,000 after purchasing an additional 500 shares in the last quarter. 37.70% of the stock is currently owned by institutional investors and hedge funds.
Key DraftKings News
Here are the key news stories impacting DraftKings this week:
- Positive Sentiment: Barclays put a "buy" on DraftKings, providing an institutional validation that likely supported the rally. DraftKings (DKNG) Gets a Buy from Barclays
- Positive Sentiment: Director Harry Sloan bought 100,000 shares (~$2.185M) and increased his stake by ~40% — a strong insider signal that can boost investor confidence. SEC Filing
- Positive Sentiment: Meridian Hedged Equity Fund (ArrowMark Partners) reiterated confidence in DraftKings’ earnings outlook, signaling institutional support for the company’s fundamentals. Meridian Hedged Equity Fund Remains Confident
- Positive Sentiment: Market commentary flagged DraftKings as "discounted" by some Street participants, which can attract value‑seeking buyers given the company’s upside in many analyst models. Wall Street Flags Discounted DraftKings Stock
- Neutral Sentiment: An analyst roundup notes mixed opinions on consumer‑cyclical names including DraftKings — reflects divergent views across firms and explains volatility as investors weigh conflicting signals. Analysts’ Opinions Are Mixed
- Negative Sentiment: Multiple major brokers (Goldman, JPMorgan, Citi, Truist, Oppenheimer, Needham, Mizuho and others) cut price targets — in many cases significantly — while generally maintaining buy/overweight/outperform ratings. That lowers near‑term upside expectations and adds downward pressure even as analysts retain constructive longer‑term views. Benzinga coverage of analyst updates Truist price target cut (example)
- Negative Sentiment: A BayStreet column warns investors to "beware" of DraftKings, highlighting downside risks that could pressure sentiment among retail investors. Beware of Pinterest and DraftKings
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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