DraftKings Inc. (NASDAQ:DKNG - Get Free Report) Director Jocelyn Moore sold 2,150 shares of DraftKings stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $25.60, for a total value of $55,040.00. Following the transaction, the director directly owned 1,406 shares in the company, valued at approximately $35,993.60. This trade represents a 60.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
DraftKings Price Performance
Shares of NASDAQ DKNG opened at $24.90 on Tuesday. The stock has a market cap of $12.28 billion, a P/E ratio of -622.50, a P/E/G ratio of 1.06 and a beta of 1.67. DraftKings Inc. has a twelve month low of $21.01 and a twelve month high of $48.78. The stock has a 50 day moving average of $27.66 and a two-hundred day moving average of $32.99. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.91.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of DraftKings in a research note on Wednesday, January 21st. Citigroup restated a "market outperform" rating on shares of DraftKings in a research note on Tuesday, February 24th. Wells Fargo & Company reiterated an "overweight" rating on shares of DraftKings in a research note on Tuesday, March 3rd. Rothschild & Co Redburn set a $35.00 price target on DraftKings in a report on Friday, January 30th. Finally, Oppenheimer dropped their price target on DraftKings from $50.00 to $35.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 17th. Twenty-five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, DraftKings has an average rating of "Moderate Buy" and an average price target of $37.09.
Read Our Latest Research Report on DKNG
Institutional Trading of DraftKings
Hedge funds and other institutional investors have recently made changes to their positions in the company. IHT Wealth Management LLC raised its holdings in DraftKings by 4.1% during the second quarter. IHT Wealth Management LLC now owns 6,271 shares of the company's stock worth $269,000 after purchasing an additional 248 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in DraftKings by 3.1% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 10,608 shares of the company's stock valued at $397,000 after purchasing an additional 321 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in DraftKings by 7.3% in the 3rd quarter. Geneos Wealth Management Inc. now owns 4,793 shares of the company's stock valued at $179,000 after purchasing an additional 328 shares in the last quarter. Valeo Financial Advisors LLC increased its position in DraftKings by 3.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 10,009 shares of the company's stock worth $429,000 after purchasing an additional 348 shares during the period. Finally, Huntleigh Advisors Inc. raised its stake in shares of DraftKings by 0.8% during the 3rd quarter. Huntleigh Advisors Inc. now owns 43,630 shares of the company's stock worth $1,632,000 after buying an additional 363 shares in the last quarter. Hedge funds and other institutional investors own 37.70% of the company's stock.
Key Stories Impacting DraftKings
Here are the key news stories impacting DraftKings this week:
- Positive Sentiment: Bernstein reiterated an “Outperform” rating and nudged its price target higher (from $28 to $30), reinforcing bullish analyst conviction around DraftKings’ expansion prospects and supporting longer‑term upside. Bernstein Remains Bullish on DraftKings
- Positive Sentiment: DraftKings’ strategic relationship with ESPN appears to be deepening and the company is evaluating federal rule changes — developments that could expand distribution and product reach if regulatory shifts are favorable. DraftKings Weighs Federal Rule Shift As ESPN Tie Up Deepens
- Neutral Sentiment: Brokerage consensus remains around a “Moderate Buy,” reflecting steady but not unanimous bullishness from analysts; this keeps expectations tempered rather than amplifying volatility. DraftKings Receives Average Recommendation of "Moderate Buy"
- Neutral Sentiment: Market commentary is focused on whether current pricing fairly reflects DraftKings’ recent volatility and growth outlook — recent short‑term gains contrast with weaker year‑to‑date/one‑year returns, leaving valuation debates unresolved. Is DraftKings Pricing Reflect Its Recent Volatility And Growth Prospects
- Negative Sentiment: UBS trimmed its price target from $53 to $43 while keeping a “buy” rating — a notable downward revision that reduces implied upside and can weigh on sentiment even though the rating stayed positive. UBS Lowers DraftKings Price Target
- Negative Sentiment: Director Jocelyn Moore sold 2,150 shares (disclosed in an SEC filing), reducing her holding by ~60% — an insider sale that investors often read as a negative signal about near‑term insider conviction. Director Jocelyn Moore Sells Shares
DraftKings Company Profile
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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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