R Stanton Dodge Sells 52,777 Shares of DraftKings (NASDAQ:DKNG) Stock

DraftKings Inc. (NASDAQ:DKNG) insider R Stanton Dodge sold 52,777 shares of the business’s 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 completion of the transaction, the insider owned 500,000 shares of the company’s stock, valued at $16,005,000. The trade was a 9.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 shares were 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 value of $1,530,533.00.

DraftKings Price Performance

Shares of DKNG traded up $0.04 during midday trading on Thursday, hitting $31.62. The company’s stock had a trading volume of 17,589,161 shares, compared to its average volume of 12,795,713. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 2.51. DraftKings Inc. has a one year low of $26.23 and a one year high of $53.61. The stock has a market capitalization of $15.74 billion, a price-to-earnings ratio of -55.47, a price-to-earnings-growth ratio of 0.65 and a beta of 1.63. The company’s fifty day simple moving average is $33.50 and its two-hundred day simple moving average is $38.10.

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

Trending Headlines about DraftKings

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Analyst bullish case — A Seeking Alpha note argues prediction markets aren’t a material threat to DraftKings’ core sportsbook growth, cites record hold percentage, improved net revenue margin and user metrics in recent quarters, and values DKNG at ~30x EBITDA / 2.6x sales with a $44 forward price target. This supports a constructive intermediate outlook. Are Prediction Markets Really A Threat To DraftKings?
• Positive Sentiment: Event catalyst — MarketBeat highlights the Super Bowl as a near-term revenue catalyst and suggests recent weak game outcomes were transitory; higher betting volume and a richer parlay mix could drive a swift revenue rebound if trends normalize. The Super Bowl Catalyst
• Neutral Sentiment: Media attention / TV commentary — Jim Cramer flagged DraftKings and emphasized state expansion (notably Texas, California, Florida) as the major upside driver; his comments keep regulatory roll‑out risk/reward top of mind but don’t change fundamentals today. Jim Cramer on DraftKings
• Neutral Sentiment: Analyst/press roundup — Several press items (Globe and Mail, Zacks) show mixed analyst views and elevated investor attention; coverage is increasing but consensus remains split on growth trajectory vs. near‑term volatility. Analysts Offer Insights Zacks: Attracting Investor Attention
• Negative Sentiment: Recent trading / performance pullback — MarketWatch noted a recent intraday decline (yet outperformance vs. the broader market at the time), reflecting continued sensitivity to quarterly misses, event outcomes, and investor rotation; DKNG still trades below its 200‑day MA and faces margin/leverage headwinds. MarketWatch: Stock Falls

Institutional Inflows and Outflows

Several 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. Ameriflex Group Inc. grew its position in DraftKings by 100.0% in the third quarter. Ameriflex Group Inc. now owns 810 shares of the company’s stock worth $30,000 after acquiring an additional 405 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of DraftKings during the 3rd quarter valued at about $33,000. TD Private Client Wealth LLC raised its stake in shares of DraftKings by 54.4% during the second quarter. TD Private Client Wealth LLC now owns 800 shares of the company’s stock worth $34,000 after acquiring an additional 282 shares in the last quarter. Finally, Asset Dedication LLC bought a new stake in shares of DraftKings in the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 37.70% of the company’s stock.

Analyst Upgrades and Downgrades

DKNG has been the topic of a number of recent research reports. Susquehanna cut their price target on shares of DraftKings from $59.00 to $48.00 and set a “positive” rating on the stock in a report on Monday, November 10th. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 target price on shares of DraftKings in a report on Wednesday, November 19th. Canaccord Genuity Group dropped their price target on shares of DraftKings from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Sanford C. Bernstein decreased their price objective on shares of DraftKings from $50.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, November 10th. Finally, Texas Capital upgraded shares of DraftKings to a “hold” rating in a report on Thursday, January 8th. Twenty-four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.10.

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.