DraftKings (NASDAQ:DKNG) Insider Sells $1,689,391.77 in Stock

DraftKings Inc. (NASDAQ:DKNG) insider R Stanton Dodge sold 52,777 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $32.01, for a total value of $1,689,391.77. Following the sale, the insider directly owned 500,000 shares in the company, valued at $16,005,000. This trade represents a 9.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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 stock was sold at an average price of $33.84, for a total transaction 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 transaction of $1,530,533.00.

DraftKings Stock Performance

NASDAQ DKNG opened at $29.97 on Friday. The company has a fifty day moving average of $33.55 and a two-hundred day moving average of $37.95. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.10 and a quick ratio of 1.09. DraftKings Inc. has a 1 year low of $26.23 and a 1 year high of $53.61. The company has a market capitalization of $14.92 billion, a PE ratio of -52.58, a P/E/G ratio of 0.61 and a beta of 1.63.

DraftKings (NASDAQ:DKNG) last released 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 return on equity of 22.84% and a negative net margin of 4.90%.The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the business earned ($0.60) EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts expect that DraftKings Inc. will post 0.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BTIG Research increased their target price on shares of DraftKings from $42.00 to $45.00 and gave the company a “buy” rating in a report on Friday, December 5th. BMO Capital Markets reduced their price objective on DraftKings from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Tuesday, November 4th. Susquehanna lowered their target price on DraftKings from $59.00 to $48.00 and set a “positive” rating on the stock in a report on Monday, November 10th. Oppenheimer dropped their price target on DraftKings from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $46.00 price target (down previously from $50.00) on shares of DraftKings in a report on Monday, November 10th. Twenty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.10.

DraftKings News Summary

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

Institutional Investors Weigh In On DraftKings

Several institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its holdings in DraftKings by 91.8% in the 4th quarter. Farther Finance Advisors LLC now owns 8,880 shares of the company’s stock worth $306,000 after acquiring an additional 4,249 shares during the period. Sunpointe LLC boosted its holdings 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. boosted its holdings 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. increased its holdings in DraftKings by 9.6% during the 4th quarter. Helios Capital Management PTE. Ltd. now owns 142,500 shares of the company’s stock worth $4,911,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of DraftKings by 11.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,370,903 shares of the company’s stock valued at $150,621,000 after purchasing an additional 433,963 shares in the last quarter. 37.70% of the stock is currently owned by hedge funds and other institutional investors.

DraftKings Company Profile

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.