DraftKings (DKNG) to Release Quarterly Earnings on Wednesday

Key Points

• DraftKings (DKNG) is set to release its Q2 2025 quarterly earnings on August 6th, with analysts estimating earnings of $0.40 per share and revenue of $1.39 billion.
• Recent insider transactions include R Stanton Dodge selling 158,331 shares, leading to a 23.89% decrease in his ownership, while Jocelyn Moore also sold shares contributing to significant insider selling activity.
• Institutional investors have increased their stakes in DraftKings, with significant boosts from firms like MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. which increased its position by 1,141.0% in the first quarter.

DraftKings (NASDAQ:DKNG - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data after the market closes on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $1.39 billion for the quarter.

DraftKings Price Performance

Shares of DKNG traded down $1.16 during mid-day trading on Friday, hitting $43.88. 1,639,175 shares of the company were exchanged, compared to its average volume of 10,295,192. The stock has a market cap of $39.02 billion, a price-to-earnings ratio of -52.97, a price-to-earnings-growth ratio of 1.54 and a beta of 1.67. DraftKings has a 1-year low of $28.69 and a 1-year high of $53.61. The company has a 50 day moving average of $40.38 and a 200-day moving average of $39.23. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.20 and a current ratio of 1.20.

Analysts Set New Price Targets

A number of brokerages have commented on DKNG. Guggenheim reduced their target price on DraftKings from $61.00 to $60.00 and set a "buy" rating for the company in a report on Monday, May 12th. Morgan Stanley reissued an "overweight" rating and set a $52.00 target price (up previously from $51.00) on shares of DraftKings in a report on Friday, July 11th. BTIG Research reduced their target price on DraftKings from $64.00 to $52.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Mizuho reduced their target price on DraftKings from $59.00 to $58.00 and set an "outperform" rating for the company in a report on Monday, May 12th. Finally, JMP Securities reduced their target price on DraftKings from $54.00 to $50.00 and set a "market outperform" rating for the company in a report on Thursday, June 5th. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $54.38.

Insider Activity at DraftKings

In other DraftKings news, Director Jocelyn Moore sold 3,136 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $35.28, for a total transaction of $110,638.08. Following the sale, the director directly owned 5,947 shares in the company, valued at $209,810.16. This represents a 34.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider R Stanton Dodge sold 158,331 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $39.00, for a total transaction of $6,174,909.00. Following the sale, the insider owned 504,381 shares in the company, valued at approximately $19,670,859. This trade represents a 23.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 589,404 shares of company stock worth $22,639,746. Company insiders own 51.19% of the company's stock.

Institutional Investors Weigh In On DraftKings

A number of hedge funds have recently added to or reduced their stakes in DKNG. Empowered Funds LLC lifted its holdings in DraftKings by 18.0% during the 1st quarter. Empowered Funds LLC now owns 9,115 shares of the company's stock worth $303,000 after buying an additional 1,391 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in DraftKings by 5.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 9,460 shares of the company's stock worth $314,000 after buying an additional 524 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in DraftKings by 1,141.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,044 shares of the company's stock worth $1,463,000 after buying an additional 40,495 shares in the last quarter. 37.70% of the stock is currently owned by institutional investors and hedge funds.

DraftKings Company Profile

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.