Mizuho Lowers DraftKings (NASDAQ:DKNG) Price Target to $44.00

DraftKings (NASDAQ:DKNG) had its price target cut by stock analysts at Mizuho from $46.00 to $44.00 in a note issued to investors on Tuesday, Marketbeat reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective would indicate a potential upside of 89.57% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Oppenheimer lowered their target price on DraftKings from $50.00 to $35.00 and set an “outperform” rating for the company in a report on Tuesday. Zacks Research raised DraftKings from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Jefferies Financial Group reissued a “buy” rating on shares of DraftKings in a research report on Sunday. JPMorgan Chase & Co. cut their target price on DraftKings from $51.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Finally, Citigroup started coverage on DraftKings in a research report on Friday, November 21st. They set a “buy” rating and a $48.00 price target for the company. Twenty-four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.89.

DraftKings Stock Up 2.7%

DraftKings stock opened at $23.21 on Tuesday. The company has a 50 day moving average of $31.47 and a 200-day moving average of $35.73. The company has a quick ratio of 1.09, a current ratio of 1.03 and a debt-to-equity ratio of 2.91. DraftKings has a twelve month low of $21.01 and a twelve month high of $51.15. The stock has a market capitalization of $11.44 billion, a PE ratio of -580.25, a price-to-earnings-growth ratio of 0.45 and a beta of 1.67.

Insider Buying and Selling at DraftKings

In other news, insider R Stanton Dodge sold 52,777 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were 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 of the company’s stock, valued at approximately $16,005,000. This represents a 9.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harry Sloan purchased 100,000 shares of DraftKings stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average price of $21.85 per share, with a total value of $2,185,000.00. Following the acquisition, the director directly owned 350,219 shares of the company’s stock, valued at $7,652,285.15. This trade represents a 39.96% increase in their position. The SEC filing for this purchase provides additional information. 51.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dagco Inc. bought a new position in DraftKings in the fourth quarter valued at approximately $26,000. Ameriflex Group Inc. increased its stake in shares of 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 purchasing an additional 405 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of DraftKings in the 3rd quarter valued at $33,000. Asset Dedication LLC acquired a new position in shares of DraftKings during the 3rd quarter worth $37,000. Finally, Montag A & Associates Inc. lifted its position 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 buying an additional 500 shares during the last quarter. 37.70% of the stock is currently owned by institutional investors.

DraftKings News Roundup

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

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.