DraftKings (DKNG) Stock Price, News & Analysis

Company Overview

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators. In addition, it offers DraftKings marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions. The company is headquartered in Boston, Massachusetts.

Key Stats

• Today's Range: $43.12 to $44.25
• 50-Day Range: $33.73 to $45.75
• 52-Week Range: $28.69 to $53.61
• Volume: 6.81 million shs
• Average Volume: 7.90 million shs
• Market Capitalization: $38.89 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $54.38
• Consensus Rating: Moderate Buy

DraftKings Stock Analysis - MarketRank™

DraftKings scored higher than 84% of companies evaluated by MarketBeat, and ranked 65th out of 284 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

DraftKings has received a consensus rating of Moderate Buy. The company's average rating score is 2.96, and is based on 27 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

DraftKings has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 139.06%

Earnings Growth

Earnings for DraftKings are expected to grow by 139.06% in the coming year, from $0.64 to $1.53 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of DraftKings is -52.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of DraftKings is -52.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

DraftKings has a PEG Ratio of 1.52. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

DraftKings has a P/B Ratio of 38.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.24% of the outstanding shares of DraftKings have been sold short.

Short Interest Ratio / Days to Cover

DraftKings has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in DraftKings has recently decreased by 1.13%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

DraftKings does not currently pay a dividend.

Dividend Growth

DraftKings does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -0.56

Percentage of Shares Shorted

3.24% of the outstanding shares of DraftKings have been sold short.

Short Interest Ratio / Days to Cover

DraftKings has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in DraftKings has recently decreased by 1.13%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.34

News Sentiment

DraftKings has a news sentiment score of 1.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 25 news articles for DraftKings this week, compared to 20 articles on an average week.

Search Interest

Only 30 people have searched for DKNG on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.

MarketBeat Follows

Only 12 people have added DraftKings to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, DraftKings insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $22,639,746.00 in company stock.

Percentage Held by Insiders

51.19% of the stock of DraftKings is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 37.70% of the stock of DraftKings is held by institutions.

DKNG Stock Analysis - Frequently Asked Questions

How have DKNG shares performed this year?

DraftKings' stock was trading at $37.20 at the start of the year. Since then, DKNG shares have increased by 17.6% and is now trading at $43.73.

How were DraftKings' earnings last quarter?

DraftKings Inc. (NASDAQ:DKNG) posted its earnings results on Thursday, February, 13th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.07 by $0.35. DraftKings had a negative trailing twelve-month return on equity of 34.55% and a negative net margin of 7.97%.
Read the conference call transcript.

Who are DraftKings' major shareholders?

Top institutional shareholders of DraftKings include Sumitomo Mitsui Trust Group Inc. (0.58%), ARK Investment Management LLC (0.50%), DAVENPORT & Co LLC (0.36%) and Allspring Global Investments Holdings LLC (0.23%). Insiders that own company stock include Matthew Kalish, Jason Robins, Paul Liberman, R Stanton Dodge, Harry Sloan, Jason Park, Alan Wayne Ellingson, Erik Bradbury and Jocelyn Moore.
View institutional ownership trends.

How do I buy shares of DraftKings?

Shares of DKNG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of DraftKings own?

Based on aggregate information from My MarketBeat watchlists, some other companies that DraftKings investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Salesforce (CRM).

Company Calendar

• Last Earnings: 2/13/2025
• Today: 8/01/2025
• Next Earnings (Estimated): 8/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: GAMING
• Sub-Industry: Entertainment
• Current Symbol: NASDAQ:DKNG
• CIK: 1883685
• Web: www.draftkings.com
• Phone: 617-986-6744
• Fax: N/A
• Employees: 5,100
• Year Founded: 2012

Price Target and Rating

• Average Price Target for DraftKings: $54.38
• High Price Target: $65.00
• Low Price Target: $35.00
• Potential Upside/Downside: +24.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.96
• Research Coverage: 28 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.83)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 68.33
• P/E Growth: 1.52
• Net Income: -$507.29 million
• Net Margins: -7.97%
• Pretax Margin: -9.78%
• Return on Equity: -34.55%
• Return on Assets: -8.51%

Debt

• Debt-to-Equity Ratio: 2.11
• Current Ratio: 1.20
• Quick Ratio: 1.20

Sales & Book Value

• Annual Sales: $4.77 billion
• Price / Sales: 8.16
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.15 per share
• Price / Book: 38.03

Miscellaneous

• Outstanding Shares: 889,300,000
• Free Float: 434,067,000
• Market Cap: $38.89 billion
• Optionable: Optionable
• Beta: 1.70