DraftKings Inc. (NASDAQ:DKNG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of DraftKings Inc. (NASDAQ:DKNG) have been given a consensus rating of “Moderate Buy” by the thirty-one research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $47.1034.

A number of equities analysts have weighed in on DKNG shares. Wall Street Zen downgraded DraftKings from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Northland Securities raised DraftKings from an “under perform” rating to a “market perform” rating in a research report on Monday, November 10th. Texas Capital raised DraftKings to a “hold” rating in a report on Thursday, January 8th. Morgan Stanley increased their price target on DraftKings from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, Canaccord Genuity Group reduced their price objective on shares of DraftKings from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, November 7th.

DraftKings News Roundup

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Benchmark reaffirmed a Buy and left its $37 price target unchanged, signaling an ~18% near‑term upside vs. current levels and providing buy‑side support despite regional softness. Why Benchmark Is Staying Bullish
• Positive Sentiment: Bull case from independent research argues new prediction‑market features aren’t a material competitive threat, cites improving hold, margins and user metrics, and models DKNG at a higher forward multiple — a constructive fundamental view for longer‑term holders. Are Prediction Markets Really A Threat To DraftKings?
• Positive Sentiment: MarketBeat highlights the Super Bowl as a near‑term revenue catalyst (higher betting volume/parlay mix), which could drive a quick rebound if sports outcomes normalize. The Super Bowl Catalyst
• Neutral Sentiment: Media/TV commentary (Jim Cramer) reiterates state expansion (Texas, California, Florida) as the strategic upside requirement — keeps regulatory rollout on investors’ radars but doesn’t change near‑term fundamentals. Jim Cramer on DraftKings
• Neutral Sentiment: Analyst coverage is mixed: some price‑target cuts and some upgrades, leaving consensus in the “moderate buy” range but with wide dispersion — increases headline volatility. Analysts Offer Insights
• Negative Sentiment: Insider selling — R. Stanton Dodge sold 52,777 shares (~$1.69M at ~$32.01) on Jan. 20; the repeated, sizable disposals may add short‑term selling pressure and raise sentiment concerns despite his remaining stake. Insider Selling: DraftKings Insider Sells 52,777 Shares
• Negative Sentiment: Underlying headwinds — recent quarterly revenue and EPS misses, trading below the 200‑day moving average, and elevated leverage/margin risk keep the stock vulnerable to further downside on weak near‑term results or event outcomes. MarketWatch: Stock Falls

DraftKings Price Performance

Shares of DKNG opened at $29.97 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 2.51. The company’s fifty day simple moving average is $33.55 and its 200 day simple moving average is $37.95. DraftKings has a 1-year low of $26.23 and a 1-year high of $53.61. The company has a market cap of $14.92 billion, a price-to-earnings ratio of -52.58, a PEG ratio of 0.61 and a beta of 1.63.

DraftKings (NASDAQ:DKNG) last announced its quarterly earnings data on Friday, November 7th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.40 billion. DraftKings had a negative net margin of 4.90% and a negative return on equity of 22.84%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned ($0.60) EPS. On average, research analysts forecast that DraftKings will post 0.64 earnings per share for the current fiscal year.

Insider Activity at DraftKings

In other news, Director Gregory Westin Wendt bought 10,000 shares of the stock in a transaction dated Tuesday, November 11th. The shares were bought at an average price of $30.27 per share, for a total transaction of $302,700.00. Following the completion of the purchase, the director owned 10,000 shares in the company, valued at approximately $302,700. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider R Stanton Dodge sold 52,777 shares of DraftKings stock in a transaction that occurred on Tuesday, January 20th. The stock was 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. The trade was a 9.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 166,752 shares of company stock worth $5,252,044 in the last quarter. Corporate insiders own 51.19% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Dagco Inc. bought a new stake in shares of DraftKings in the fourth quarter valued at about $26,000. TD Private Client Wealth LLC raised its stake in DraftKings by 54.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 800 shares of the company’s stock worth $34,000 after purchasing an additional 282 shares in the last quarter. Ameriflex Group Inc. boosted its holdings in 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 period. Root Financial Partners LLC acquired a new position in shares of DraftKings during the 3rd quarter worth approximately $33,000. Finally, Asset Dedication LLC acquired a new position in shares of DraftKings during the 3rd quarter worth approximately $37,000. Institutional investors own 37.70% of the company’s stock.

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.