Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes $775,000 Position in DraftKings Inc. $DKNG

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in DraftKings Inc. (NASDAQ:DKNG) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 22,483 shares of the company’s stock, valued at approximately $775,000.

Other institutional investors also recently modified their holdings of the company. Dagco Inc. bought a new position in shares of DraftKings in the fourth quarter valued at approximately $26,000. Ameriflex Group Inc. grew its holdings in shares of DraftKings by 100.0% in the third quarter. Ameriflex Group Inc. now owns 810 shares of the company’s stock valued at $30,000 after acquiring an additional 405 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of DraftKings in the third quarter valued at approximately $33,000. Asset Dedication LLC bought a new position in shares of DraftKings in the third quarter valued at approximately $37,000. Finally, AlphaQuest LLC bought a new position in shares of DraftKings in the third quarter valued at approximately $41,000. 37.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DKNG shares. Northland Securities set a $27.00 price objective on DraftKings in a report on Monday, May 11th. Bank of America reduced their price objective on DraftKings from $37.50 to $30.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Wedbush started coverage on DraftKings in a report on Friday, April 24th. They set an “outperform” rating for the company. Wells Fargo & Company reissued an “overweight” rating and set a $32.00 price objective on shares of DraftKings in a report on Sunday, May 10th. Finally, The Goldman Sachs Group reduced their price objective on DraftKings from $54.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, DraftKings presently has a consensus rating of “Moderate Buy” and an average price target of $34.32.

DraftKings News Roundup

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Freedom Capital Markets initiated coverage on DraftKings with a buy/strong-buy stance, citing upside tied to the company’s prediction market opportunity and improving growth outlook. DraftKings, FanDuel Back $9.3 Million Alabama Political Push
• Positive Sentiment: Investor focus remains on DraftKings’ Q1 2026 revenue of $1.65 billion, up 17% year over year, supported by strong customer acquisition, consumer engagement, and improved sportsbook margins. DraftKings (DKNG) Reports Q1 2026 Revenue of $1.65B, Up 17% YoY
• Positive Sentiment: Wall Street’s average price target still implies roughly 34% upside, reinforcing the bullish case despite recent volatility. Can DraftKings (DKNG) Climb 33.99% to Reach the Level Wall Street Analysts Expect?
• Neutral Sentiment: Zacks Research upgraded DraftKings from strong sell to hold, an incremental improvement but not a strong conviction call. DraftKings was upgraded by Zacks Research from strong sell to hold
• Neutral Sentiment: DraftKings remains a trending stock with elevated investor interest, which can add trading momentum but does not by itself change fundamentals. DraftKings Inc. (DKNG) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Insider selling was reported, including a director sale and a CAO sale under a Rule 10b5-1 plan, which may modestly weigh on sentiment even if the transactions were pre-arranged. CAO Erik Bradbury sold shares
• Negative Sentiment: Earlier commentary on DraftKings highlighted the stock’s prior drop on cautious revenue guidance, reminding investors that execution risk is still part of the story. DraftKings (DKNG) Slid on Cautious Revenue Guidance

Insider Buying and Selling

In other DraftKings news, Director Woodrow Levin sold 34,234 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $25.71, for a total transaction of $880,156.14. Following the sale, the director owned 29,820 shares in the company, valued at $766,672.20. This represents a 53.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul Liberman sold 484,417 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $25.16, for a total value of $12,187,931.72. Following the sale, the insider owned 213,597 shares in the company, valued at approximately $5,374,100.52. This represents a 69.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 524,546 shares of company stock worth $13,215,769. Insiders own 47.18% of the company’s stock.

DraftKings Trading Down 1.1%

NASDAQ:DKNG opened at $25.12 on Friday. The company has a market cap of $12.46 billion, a P/E ratio of 418.67 and a beta of 1.67. The stock’s fifty day moving average price is $23.68 and its two-hundred day moving average price is $27.94. DraftKings Inc. has a 1 year low of $20.46 and a 1 year high of $48.78. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.02 and a quick ratio of 1.02.

DraftKings (NASDAQ:DKNG) last posted its earnings results on Friday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. DraftKings had a return on equity of 13.51% and a net margin of 0.93%.The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. As a group, analysts expect that DraftKings Inc. will post 0.62 EPS for the current year.

DraftKings 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.