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

Shares of DraftKings Inc. (NASDAQ:DKNG) have been assigned a consensus rating of “Moderate Buy” from the thirty-one analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and twenty-four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $37.8929.

Several research firms have recently commented on DKNG. 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 research note on Friday, February 13th. Wells Fargo & Company set a $30.00 price target on DraftKings in a research report on Monday. UBS Group reaffirmed a “buy” rating on shares of DraftKings in a research note on Wednesday, January 7th. JPMorgan Chase & Co. lowered their price objective on DraftKings from $41.00 to $32.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Truist Financial reduced their target price on shares of DraftKings from $45.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday.

DraftKings Stock Up 2.7%

DKNG opened at $23.21 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.09 and a debt-to-equity ratio of 2.91. DraftKings has a 1-year low of $21.01 and a 1-year high of $51.15. The company has a market capitalization of $11.44 billion, a PE ratio of -580.25, a PEG ratio of 0.45 and a beta of 1.67. The firm’s 50 day simple moving average is $31.47 and its two-hundred day simple moving average is $35.73.

DraftKings News Roundup

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Barclays put a “buy” on DraftKings, providing an institutional validation that likely supported the rally. DraftKings (DKNG) Gets a Buy from Barclays
• Positive Sentiment: Director Harry Sloan bought 100,000 shares (~$2.185M) and increased his stake by ~40% — a strong insider signal that can boost investor confidence. SEC Filing
• Positive Sentiment: Meridian Hedged Equity Fund (ArrowMark Partners) reiterated confidence in DraftKings’ earnings outlook, signaling institutional support for the company’s fundamentals. Meridian Hedged Equity Fund Remains Confident
• Positive Sentiment: Market commentary flagged DraftKings as “discounted” by some Street participants, which can attract value‑seeking buyers given the company’s upside in many analyst models. Wall Street Flags Discounted DraftKings Stock
• Neutral Sentiment: An analyst roundup notes mixed opinions on consumer‑cyclical names including DraftKings — reflects divergent views across firms and explains volatility as investors weigh conflicting signals. Analysts’ Opinions Are Mixed
• Negative Sentiment: Multiple major brokers (Goldman, JPMorgan, Citi, Truist, Oppenheimer, Needham, Mizuho and others) cut price targets — in many cases significantly — while generally maintaining buy/overweight/outperform ratings. That lowers near‑term upside expectations and adds downward pressure even as analysts retain constructive longer‑term views. Benzinga coverage of analyst updates Truist price target cut (example)
• Negative Sentiment: A BayStreet column warns investors to “beware” of DraftKings, highlighting downside risks that could pressure sentiment among retail investors. Beware of Pinterest and DraftKings

Insider Buying and Selling

In related news, insider R Stanton Dodge sold 52,777 shares of DraftKings stock in a transaction 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 transaction, the insider owned 500,000 shares in the company, valued at approximately $16,005,000. The trade was a 9.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harry Sloan bought 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average cost of $21.85 per share, with a total value of $2,185,000.00. Following the acquisition, the director directly owned 350,219 shares in the company, valued at $7,652,285.15. This trade represents a 39.96% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 51.19% of the company’s stock.

Hedge Funds Weigh In On DraftKings

Several institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC boosted its holdings in shares of DraftKings by 4.1% in the 2nd quarter. IHT Wealth Management LLC now owns 6,271 shares of the company’s stock worth $269,000 after purchasing an additional 248 shares during the period. Orion Porfolio Solutions LLC raised its holdings in DraftKings by 3.1% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 10,608 shares of the company’s stock valued at $397,000 after buying an additional 321 shares during the period. Geneos Wealth Management Inc. lifted its position in DraftKings by 7.3% in the third quarter. Geneos Wealth Management Inc. now owns 4,793 shares of the company’s stock worth $179,000 after buying an additional 328 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in DraftKings by 3.6% during the second quarter. Valeo Financial Advisors LLC now owns 10,009 shares of the company’s stock worth $429,000 after buying an additional 348 shares during the period. Finally, Huntleigh Advisors Inc. increased its position in DraftKings by 0.8% during the third quarter. Huntleigh Advisors Inc. now owns 43,630 shares of the company’s stock valued at $1,632,000 after acquiring an additional 363 shares during the last quarter. 37.70% of the stock is 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.