DraftKings (NASDAQ:DKNG) Price Target Cut to $43.00 by Analysts at UBS Group

DraftKings (NASDAQ:DKNG) had its price target cut by UBS Group from $53.00 to $43.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Rothschild & Co Redburn set a $35.00 price target on DraftKings in a report on Friday, January 30th. Mizuho dropped their price objective on shares of DraftKings from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Sanford C. Bernstein reissued an “outperform” rating and set a $30.00 target price on shares of DraftKings in a research report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft set a $26.00 target price on shares of DraftKings in a research note on Tuesday, February 17th. Finally, Benchmark reaffirmed a “buy” rating on shares of DraftKings in a report on Tuesday, March 3rd. Twenty-five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.09.

DraftKings Price Performance

Shares of NASDAQ DKNG opened at $24.90 on Monday. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.03 and a quick ratio of 1.03. DraftKings has a 1-year low of $21.01 and a 1-year high of $48.78. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of -622.50, a PEG ratio of 1.06 and a beta of 1.67. The business has a 50-day moving average of $27.66 and a 200-day moving average of $32.99.

Insider Activity at DraftKings

In other DraftKings news, insider Paul Liberman sold 484,417 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 213,597 shares of the company’s stock, valued at $5,374,100.52. This represents a 69.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider R Stanton Dodge sold 52,777 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $32.01, for a total value of $1,689,391.77. Following the transaction, the insider owned 500,000 shares of the company’s stock, valued at approximately $16,005,000. This trade represents a 9.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 549,495 shares of company stock worth $14,166,700 over the last ninety days. Company insiders own 47.08% of the company’s stock.

Hedge Funds Weigh In On DraftKings

Several large investors have recently modified their holdings of DKNG. IHT Wealth Management LLC increased its holdings in DraftKings by 4.1% in the second quarter. IHT Wealth Management LLC now owns 6,271 shares of the company’s stock valued at $269,000 after buying an additional 248 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in DraftKings by 3.1% during the third 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 in the last quarter. Geneos Wealth Management Inc. lifted its holdings in DraftKings by 7.3% during the 3rd 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 lifted its holdings in DraftKings by 3.6% during the 2nd 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 last quarter. Finally, Huntleigh Advisors Inc. grew its position in shares of DraftKings by 0.8% in the 3rd quarter. Huntleigh Advisors Inc. now owns 43,630 shares of the company’s stock worth $1,632,000 after acquiring an additional 363 shares in the last quarter. Institutional investors own 37.70% of the company’s stock.

Key Stories Impacting DraftKings

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Bernstein reiterated an “Outperform” rating and nudged its price target higher (from $28 to $30), reinforcing bullish analyst conviction around DraftKings’ expansion prospects and supporting longer‑term upside. Bernstein Remains Bullish on DraftKings
• Positive Sentiment: DraftKings’ strategic relationship with ESPN appears to be deepening and the company is evaluating federal rule changes — developments that could expand distribution and product reach if regulatory shifts are favorable. DraftKings Weighs Federal Rule Shift As ESPN Tie Up Deepens
• Neutral Sentiment: Brokerage consensus remains around a “Moderate Buy,” reflecting steady but not unanimous bullishness from analysts; this keeps expectations tempered rather than amplifying volatility. DraftKings Receives Average Recommendation of “Moderate Buy”
• Neutral Sentiment: Market commentary is focused on whether current pricing fairly reflects DraftKings’ recent volatility and growth outlook — recent short‑term gains contrast with weaker year‑to‑date/one‑year returns, leaving valuation debates unresolved. Is DraftKings Pricing Reflect Its Recent Volatility And Growth Prospects
• Negative Sentiment: UBS trimmed its price target from $53 to $43 while keeping a “buy” rating — a notable downward revision that reduces implied upside and can weigh on sentiment even though the rating stayed positive. UBS Lowers DraftKings Price Target
• Negative Sentiment: Director Jocelyn Moore sold 2,150 shares (disclosed in an SEC filing), reducing her holding by ~60% — an insider sale that investors often read as a negative signal about near‑term insider conviction. Director Jocelyn Moore Sells Shares

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.