Jocelyn Moore Sells 2,150 Shares of DraftKings (NASDAQ:DKNG) Stock

DraftKings Inc. (NASDAQ:DKNG) Director Jocelyn Moore sold 2,150 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $25.60, for a total transaction of $55,040.00. Following the transaction, the director directly owned 1,406 shares in the company, valued at approximately $35,993.60. The trade was a 60.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

DraftKings Price Performance

Shares of DKNG stock traded down $0.97 on Monday, reaching $24.90. 12,343,635 shares of the company were exchanged, compared to its average volume of 15,941,200. DraftKings Inc. has a 1 year low of $21.01 and a 1 year high of $48.78. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.03 and a current ratio of 1.03. The business has a 50-day moving average price of $27.88 and a 200 day moving average price of $33.15. The company has a market cap of $12.28 billion, a price-to-earnings ratio of -622.50, a P/E/G ratio of 1.06 and a beta of 1.67.

Key DraftKings News

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Bernstein reaffirmed an “Outperform” rating and raised its price target (from $28 to $30), citing strong expansion prospects and continued bullishness on DraftKings’ long-term market opportunity. This supports the bullish analyst camp and is a near-term positive for sentiment. Bernstein Remains Bullish on DraftKings (DKNG) Amid Strong Expansion Prospects
• Positive Sentiment: Aggregate analyst coverage remains constructive — brokerages’ consensus is around a “Moderate Buy”, supporting a view that most analysts expect continued growth even after recent volatility. DraftKings Inc. (NASDAQ:DKNG) Receives Average Recommendation of “Moderate Buy” from Brokerages
• Positive Sentiment: Reports note DraftKings is deepening its ESPN tie-up and is monitoring potential federal regulatory changes that could expand national opportunities for sports betting/media integration — a strategic development that could materially boost distribution and revenue long term. DraftKings Weighs Federal Rule Shift As ESPN Tie Up Deepens
• Neutral Sentiment: Market commentary is highlighting DraftKings’ recent volatility and mixed returns across timeframes — strong multi-year growth contrasts with steep recent pullbacks — leaving investors split on whether current prices already reflect optimism or offer value. This is informational and may temper trading conviction. Is DraftKings (DKNG) Pricing Reflect Its Recent Volatility And Growth Prospects
• Negative Sentiment: UBS cut its price target from $53 to $43 while keeping a “Buy” rating — the downgrade in target trims expected upside and likely pressured intraday trading despite the maintained buy stance. That price-target reduction is the clearest near-term negative catalyst cited by traders. Benzinga Coverage of UBS Price-Target Change

Analyst Ratings Changes

A number of equities analysts have commented on the company. Jefferies Financial Group set a $46.00 target price on DraftKings in a report on Tuesday, March 3rd. Stifel Nicolaus lowered their price target on DraftKings from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Bank of America dropped their price target on DraftKings from $37.50 to $30.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Northland Securities set a $24.00 price objective on DraftKings in a research note on Tuesday, February 17th. Finally, Guggenheim set a $37.00 target price on shares of DraftKings in a research note on Tuesday, February 17th. Twenty-five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, DraftKings currently has a consensus rating of “Moderate Buy” and an average price target of $37.09.

Institutional Investors Weigh In On DraftKings

Large investors have recently made changes to their positions in the stock. Viking Global Investors LP purchased a new position in DraftKings during the third quarter worth approximately $561,125,000. Capital World Investors increased its stake in shares of DraftKings by 181.4% in the 4th quarter. Capital World Investors now owns 18,626,429 shares of the company’s stock worth $641,867,000 after acquiring an additional 12,008,357 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of DraftKings by 50.8% in the 4th quarter. Janus Henderson Group PLC now owns 25,313,909 shares of the company’s stock worth $858,893,000 after acquiring an additional 8,524,923 shares during the last quarter. Norges Bank purchased a new position in shares of DraftKings during the 2nd quarter worth $362,554,000. Finally, AQR Capital Management LLC raised its holdings in shares of DraftKings by 41.0% during the 4th quarter. AQR Capital Management LLC now owns 16,474,009 shares of the company’s stock worth $567,694,000 after acquiring an additional 4,788,337 shares during the period. 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.