Key Points
- DraftKings CAO Erik Bradbury sold 862 shares on May 20 at an average price of $25.33, totaling about $21,834. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still held 38,168 shares afterward.
- DraftKings reported Q1 revenue of $1.65 billion, up 16.8% year over year and slightly above analyst expectations, but earnings per share of $0.20 missed estimates by $0.02.
- Wall Street remains generally positive on the stock, with a Moderate Buy consensus and average price target of $34.32, implying meaningful upside from current levels despite recent volatility and insider selling.
DraftKings Inc. (NASDAQ:DKNG - Get Free Report) CAO Erik Bradbury sold 862 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $25.33, for a total transaction of $21,834.46. Following the sale, the chief accounting officer owned 38,168 shares in the company, valued at approximately $966,795.44. The trade was a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Erik Bradbury also recently made the following trade(s):
- On Tuesday, March 3rd, Erik Bradbury sold 2,883 shares of DraftKings stock. The shares were sold at an average price of $24.56, for a total transaction of $70,806.48.
DraftKings Trading Down 1.1%
NASDAQ:DKNG opened at $25.12 on Friday. DraftKings Inc. has a 52 week low of $20.46 and a 52 week high of $48.78. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.03. The company's 50 day moving average price is $23.68 and its 200-day moving average price is $27.94. The stock has a market cap of $12.46 billion, a price-to-earnings ratio of 418.67 and a beta of 1.67.
DraftKings (NASDAQ:DKNG - Get Free Report) last issued its earnings results on Friday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). DraftKings had a return on equity of 13.51% and a net margin of 0.93%.The company had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.63 billion. During the same quarter in the prior year, the business posted ($0.07) EPS. The company's revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities research analysts forecast that DraftKings Inc. will post 0.62 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on DKNG. Barclays increased their price target on shares of DraftKings from $33.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, May 11th. Raymond James Financial upgraded shares of DraftKings from a "market perform" rating to an "outperform" rating in a research report on Friday, April 24th. Benchmark reiterated a "buy" rating on shares of DraftKings in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. decreased their price target on shares of DraftKings from $32.00 to $31.00 and set an "overweight" rating on the stock in a research report on Thursday, April 16th. Finally, Wedbush began coverage on shares of DraftKings in a research report on Friday, April 24th. They issued an "outperform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.32.
Read Our Latest Report on DKNG
Institutional Trading of DraftKings
Several institutional investors and hedge funds have recently modified their holdings of DKNG. Dagco Inc. bought a new stake in shares of DraftKings during the 4th quarter valued at $26,000. Ascentis Independent Advisors purchased a new stake in DraftKings in the 1st quarter worth $27,000. Ameriflex Group Inc. lifted its stake in DraftKings by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 810 shares of the company's stock worth $30,000 after purchasing an additional 405 shares in the last quarter. Root Financial Partners LLC purchased a new stake in DraftKings in the 3rd quarter worth $33,000. Finally, Asset Dedication LLC purchased a new stake in DraftKings in the 3rd quarter worth $37,000. 37.70% of the stock is currently owned by institutional investors.
Key Headlines Impacting DraftKings
Here are the key news stories impacting DraftKings this week:
- Positive Sentiment: Freedom Capital Markets initiated coverage on DraftKings with a buy/strong-buy stance, citing upside tied to the company’s prediction market opportunity and improving growth outlook. DraftKings, FanDuel Back $9.3 Million Alabama Political Push
- Positive Sentiment: Investor focus remains on DraftKings’ Q1 2026 revenue of $1.65 billion, up 17% year over year, supported by strong customer acquisition, consumer engagement, and improved sportsbook margins. DraftKings (DKNG) Reports Q1 2026 Revenue of $1.65B, Up 17% YoY
- Positive Sentiment: Wall Street’s average price target still implies roughly 34% upside, reinforcing the bullish case despite recent volatility. Can DraftKings (DKNG) Climb 33.99% to Reach the Level Wall Street Analysts Expect?
- Neutral Sentiment: Zacks Research upgraded DraftKings from strong sell to hold, an incremental improvement but not a strong conviction call. DraftKings was upgraded by Zacks Research from strong sell to hold
- Neutral Sentiment: DraftKings remains a trending stock with elevated investor interest, which can add trading momentum but does not by itself change fundamentals. DraftKings Inc. (DKNG) Is a Trending Stock: Facts to Know Before Betting on It
- Negative Sentiment: Insider selling was reported, including a director sale and a CAO sale under a Rule 10b5-1 plan, which may modestly weigh on sentiment even if the transactions were pre-arranged. CAO Erik Bradbury sold shares
- Negative Sentiment: Earlier commentary on DraftKings highlighted the stock’s prior drop on cautious revenue guidance, reminding investors that execution risk is still part of the story. DraftKings (DKNG) Slid on Cautious Revenue Guidance
DraftKings Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
