DraftKings Inc. (NASDAQ:DKNG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of DraftKings Inc. (NASDAQ:DKNG) have received an average rating of “Moderate Buy” from the thirty-one ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $47.1034.

Several equities analysts have commented on the stock. Zacks Research raised shares of DraftKings from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Benchmark reissued a “buy” rating on shares of DraftKings in a research note on Monday, January 12th. Mizuho lowered their price objective on shares of DraftKings from $54.00 to $46.00 and set an “outperform” rating for the company in a research report on Thursday, November 13th. Texas Capital raised DraftKings to a “hold” rating in a report on Thursday, January 8th. Finally, Oppenheimer lowered their price target on DraftKings from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st.

DraftKings Stock Performance

NASDAQ:DKNG opened at $29.97 on Friday. The company has a market cap of $14.92 billion, a price-to-earnings ratio of -52.58, a PEG ratio of 0.61 and a beta of 1.63. DraftKings has a fifty-two week low of $26.23 and a fifty-two week high of $53.61. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.09 and a current ratio of 1.10. The stock has a fifty day moving average price of $33.55 and a 200-day moving average price of $37.95.

DraftKings (NASDAQ:DKNG) last issued its quarterly earnings results on Friday, November 7th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.40 billion. DraftKings had a negative return on equity of 22.84% and a negative net margin of 4.90%.The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.60) EPS. As a group, equities analysts anticipate that DraftKings will post 0.64 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider R Stanton Dodge sold 52,777 shares of DraftKings stock in a transaction that occurred 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 sale, the insider directly owned 500,000 shares of the company’s stock, valued at approximately $16,005,000. The trade was a 9.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harry Sloan acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was bought at an average cost of $30.30 per share, with a total value of $757,500.00. Following the purchase, the director owned 249,712 shares in the company, valued at $7,566,273.60. The trade was a 11.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 166,752 shares of company stock worth $5,252,044 in the last ninety days. Insiders own 51.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings in shares of DraftKings by 91.8% during the 4th quarter. Farther Finance Advisors LLC now owns 8,880 shares of the company’s stock valued at $306,000 after acquiring an additional 4,249 shares in the last quarter. Sunpointe LLC raised its position in DraftKings by 52.1% in the fourth quarter. Sunpointe LLC now owns 36,520 shares of the company’s stock valued at $1,258,000 after purchasing an additional 12,509 shares during the last quarter. Westside Investment Management Inc. raised its position in DraftKings by 10.6% in the fourth quarter. Westside Investment Management Inc. now owns 51,633 shares of the company’s stock valued at $1,779,000 after purchasing an additional 4,950 shares during the last quarter. Helios Capital Management PTE. Ltd. boosted its stake in shares of DraftKings by 9.6% during the fourth quarter. Helios Capital Management PTE. Ltd. now owns 142,500 shares of the company’s stock valued at $4,911,000 after purchasing an additional 12,500 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of DraftKings by 11.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,370,903 shares of the company’s stock worth $150,621,000 after purchasing an additional 433,963 shares during the last quarter. 37.70% of the stock is currently owned by institutional investors and hedge funds.

More DraftKings News

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Benchmark reaffirmed a Buy and left its $37 price target unchanged, signaling an ~18% near‑term upside vs. current levels and providing buy‑side support despite regional softness. Why Benchmark Is Staying Bullish
• Positive Sentiment: Bull case from independent research argues new prediction‑market features aren’t a material competitive threat, cites improving hold, margins and user metrics, and models DKNG at a higher forward multiple — a constructive fundamental view for longer‑term holders. Are Prediction Markets Really A Threat To DraftKings?
• Positive Sentiment: MarketBeat highlights the Super Bowl as a near‑term revenue catalyst (higher betting volume/parlay mix), which could drive a quick rebound if sports outcomes normalize. The Super Bowl Catalyst
• Neutral Sentiment: Media/TV commentary (Jim Cramer) reiterates state expansion (Texas, California, Florida) as the strategic upside requirement — keeps regulatory rollout on investors’ radars but doesn’t change near‑term fundamentals. Jim Cramer on DraftKings
• Neutral Sentiment: Analyst coverage is mixed: some price‑target cuts and some upgrades, leaving consensus in the “moderate buy” range but with wide dispersion — increases headline volatility. Analysts Offer Insights
• Negative Sentiment: Insider selling — R. Stanton Dodge sold 52,777 shares (~$1.69M at ~$32.01) on Jan. 20; the repeated, sizable disposals may add short‑term selling pressure and raise sentiment concerns despite his remaining stake. Insider Selling: DraftKings Insider Sells 52,777 Shares
• Negative Sentiment: Underlying headwinds — recent quarterly revenue and EPS misses, trading below the 200‑day moving average, and elevated leverage/margin risk keep the stock vulnerable to further downside on weak near‑term results or event outcomes. MarketWatch: Stock Falls

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.