DraftKings (DKNG) Projected to Post Earnings on Thursday

DraftKings (NASDAQ:DKNG) will likely be posting its Q1 2026 results after the market closes on Thursday, May 7th. Analysts expect DraftKings to post earnings of $0.22 per share and revenue of $1.6359 billion for the quarter. Individuals can check the company’s upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Friday, May 8, 2026 at 8:30 AM ET.

DraftKings Trading Down 0.8%

DraftKings stock opened at $23.98 on Wednesday. DraftKings has a 52 week low of $20.46 and a 52 week 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 firm has a market capitalization of $11.89 billion, a PE ratio of -598.85, a PEG ratio of 1.11 and a beta of 1.67. The business’s 50-day simple moving average is $23.46 and its 200-day simple moving average is $28.62.

Analysts Set New Price Targets

DKNG has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on DraftKings from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Scotiabank raised DraftKings to an “outperform” rating in a research report on Friday, April 24th. Roth Mkm upgraded shares of DraftKings from a “sell” rating to a “buy” rating in a research note on Friday, April 24th. UBS Group dropped their target price on shares of DraftKings from $53.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Finally, Bank of America cut their target price on shares of DraftKings from $37.50 to $30.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Twenty-seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.84.

Insider Buying and Selling at DraftKings

In other DraftKings news, insider Paul Liberman sold 484,417 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $25.16, for a total transaction of $12,187,931.72. Following the completion of the transaction, the insider owned 213,597 shares in the company, valued at $5,374,100.52. This trade represents a 69.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jocelyn Moore sold 2,150 shares of DraftKings stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $25.60, for a total value of $55,040.00. Following the sale, the director directly owned 1,406 shares in the company, valued at $35,993.60. The trade was a 60.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 496,718 shares of company stock worth $12,477,308. Corporate insiders own 47.18% of the company’s stock.

Institutional Trading of DraftKings

Institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in DraftKings during the third quarter worth $62,000. Triumph Capital Management grew its holdings in shares of DraftKings by 11,595.5% in the 4th quarter. Triumph Capital Management now owns 2,573 shares of the company’s stock worth $89,000 after purchasing an additional 2,551 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of DraftKings during the 4th quarter worth about $147,000. State of Wyoming increased its position in shares of DraftKings by 98.9% during the 4th quarter. State of Wyoming now owns 4,626 shares of the company’s stock worth $159,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Man Group plc bought a new position in DraftKings during the 2nd quarter valued at about $220,000. Institutional investors and hedge funds own 37.70% of the company’s stock.

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.