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DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
'Civil War’ continues box-office campaign at No. 1
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
'Civil War’ continues box-office campaign at No. 1
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
'Civil War’ continues box-office campaign at No. 1
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
'Civil War’ continues box-office campaign at No. 1
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda

DraftKings (DKNG) Stock Price, News & Analysis

$40.68
-0.96 (-2.31%)
(As of 04/19/2024 ET)
Today's Range
$40.23
$42.47
50-Day Range
$40.35
$48.68
52-Week Range
$20.26
$49.57
Volume
11.69 million shs
Average Volume
10.28 million shs
Market Capitalization
$35.25 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$47.00

DraftKings MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
15.5% Upside
$47.00 Price Target
Short Interest
Healthy
2.35% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.57
Upright™ Environmental Score
News Sentiment
0.50mentions of DraftKings in the last 14 days
Based on 31 Articles This Week
Insider Trading
Selling Shares
$65.69 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.25) to $0.76 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.20 out of 5 stars

Consumer Discretionary Sector

137th out of 269 stocks

Miscellaneous Amusement & Recreation Services Industry

13th out of 18 stocks

DKNG stock logo

About DraftKings Stock (NASDAQ:DKNG)

DraftKings Inc. is a digital sports entertainment and gaming company serving industry and gamers alike. The company offers multi-channel sports betting and gaming technologies that are used by sports and gaming entertainment operators in 17 countries. In the U.S., the company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states.

DraftKings is headquartered in Boston, Massachusetts, and is the only vertically integrated online gambling platform headquartered in the US and targeting US gamers. The company was founded in 2011 by three close friends and went public in 2020 with a listing on the NASDAQ stock exchange. The initial offering is noteworthy because the company went public via merger with a SPAC formerly known as Diamond Eagle Acquisition Company.

Draftkings is run by Jason Robins, Matt Kalish, and Paul Liberman. The three started as friends but turned into cofounders, entrepreneurs, and corporate executives. Robins is CEO and in charge of corporate operations while Kalish and Liberman are president of DraftKings North America and Global Technology and Product respectively. Together, they manage a team of 10 executives and a network of 14 locations including 8 outside the US.

The company began as a dream to improve fantasy sports leagues. The goal was to change the way fantasy sports were played and open the door to a host of new gaming opportunities. The product was first launched in 2012 and now the company’s daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories.

Draftkings sets itself apart from the average fantasy sports provider by not only offering the widest selection of sports but the most control for the players. Players can re-draft new line-ups at will for most sports and there are daily contests within each league. The idea is for players to have a chance to win on a seasonal, quarterly, monthly, weekly, and daily basis.

DraftKings Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The Sportsbook connects sports fans with legal sports betting operations in states with legalized gambling.

DraftKings expanded its offering with the launch of DraftKings Casino. DraftKings Casino is home to all the favorite table and slot-machine games but in a digital format. The Casino games are available on desktop and mobile like all of DraftKings offerings making them easily accessible to players.

In addition to gaming and sports betting, DraftKings is banking on the cryptocurrency revolution with DraftKings Marketplace. DraftKings Marketplace is a digital collectibles ecosystem designed for easy use that offers curated NFT drops and secondary-market transactions.

DraftKings SPAC merger included the addition of SBTech, a sports betting technology platform. DraftKings sports betting and casino technologies are available as a white-lable for businesses through this platform. SBTech offers an end-to-end solution including the gaming platforms and back-office services.

DraftKings also owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. Vegas Sports Information company can be accessed online or screened on live TV featuring world-renown sports commentators, players, and coaches.

DKNG Stock Price History

DKNG Stock News Headlines

Is DraftKings A Good Bet Ahead of Q1 Earnings?
DraftKings NASDAQ: DKNG is a good bet ahead of fiscal Q1 earnings because analysts underestimate its growth, and tailwinds are blowing the business to record highs. The next release is scheduled for early May, and analysts have been mostly revising upward but have left the bar low.
Is DraftKings A Good Bet Ahead of Q1 Earnings?
DraftKings analysts are lifting their estimates for Q1 earnings but may still underestimate the company due to strength in March Madness and North Carolina.
Incredible Opportunity to Retire FAST!
A brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.
Rush Street Interactive May Hit the Jackpot on a Sale (DKNG)
Rush Street Interactive stock is rising as investors place their bets on the possibility of the company selling itself to DraftKings
DraftKings Inc. (DKNG)
DraftKings: Good Growth Prospects, But Overvalued
Incredible Opportunity to Retire FAST!
A brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.
Barclays Reaffirms Their Buy Rating on DraftKings (DKNG)
Put $5,000 in These 3 Growth Stocks by 2025
Cathie Wood buys $14 million of Tesla stock
What 24 Analyst Ratings Have To Say About DraftKings
See More Headlines
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Company Calendar

Last Earnings
2/16/2024
Today
4/21/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous amusement & recreation services
Sub-Industry
N/A
Current Symbol
NASDAQ:DKNG
Fax
N/A
Employees
4,400
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$47.00
High Stock Price Target
$60.00
Low Stock Price Target
$23.00
Potential Upside/Downside
+15.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
28 Analysts

Profitability

Net Income
$-802,140,000.00
Pretax Margin
-21.59%

Debt

Sales & Book Value

Annual Sales
$3.67 billion
Book Value
$0.97 per share

Miscellaneous

Free Float
423,004,000
Market Cap
$35.25 billion
Optionable
Optionable
Beta
1.86

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Should I Buy DraftKings Stock? DKNG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in DraftKings Inc.:

  • DraftKings Inc. operates as a digital sports entertainment and gaming company, tapping into the growing online sports betting market.
  • The company provides online sports betting and iGaming platforms, offering a wide range of betting options to users.
  • DraftKings has been expanding its market reach both domestically and internationally, increasing its potential customer base.
  • The company has been actively involved in the emerging NFT space, providing unique opportunities for revenue generation and user engagement.
  • With recent developments and partnerships, DraftKings Inc. has shown potential for growth and innovation in the digital sports entertainment industry.

Cons

Investors should be bearish about investing in DraftKings Inc. for these reasons:

  • While DraftKings has shown growth potential, the stock price may be volatile due to market fluctuations and regulatory changes in the online betting industry.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these DraftKings pros and cons to contact@marketbeat.com.

DKNG Stock Analysis - Frequently Asked Questions

Should I buy or sell DraftKings stock right now?

28 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last year. There are currently 2 sell ratings, 1 hold rating and 25 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DKNG shares.
View DKNG analyst ratings
or view top-rated stocks.

What is DraftKings' stock price target for 2024?

28 analysts have issued 12-month price targets for DraftKings' shares. Their DKNG share price targets range from $23.00 to $60.00. On average, they predict the company's share price to reach $47.00 in the next twelve months. This suggests a possible upside of 15.5% from the stock's current price.
View analysts price targets for DKNG
or view top-rated stocks among Wall Street analysts.

How have DKNG shares performed in 2024?

DraftKings' stock was trading at $35.25 at the beginning of the year. Since then, DKNG stock has increased by 15.4% and is now trading at $40.68.
View the best growth stocks for 2024 here
.

Are investors shorting DraftKings?

DraftKings saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 20,370,000 shares, an increase of 16.5% from the March 15th total of 17,480,000 shares. Based on an average trading volume of 12,180,000 shares, the short-interest ratio is currently 1.7 days.
View DraftKings' Short Interest
.

When is DraftKings' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our DKNG earnings forecast
.

How can I listen to DraftKings' earnings call?

DraftKings will be holding an earnings conference call on Friday, May 3rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were DraftKings' earnings last quarter?

DraftKings Inc. (NASDAQ:DKNG) issued its quarterly earnings data on Friday, February, 16th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.16. The company earned $1.23 billion during the quarter, compared to analysts' expectations of $1.24 billion. DraftKings had a negative net margin of 21.88% and a negative trailing twelve-month return on equity of 87.24%. The company's quarterly revenue was up 43.9% on a year-over-year basis. During the same period last year, the firm posted ($0.53) EPS.

What guidance has DraftKings issued on next quarter's earnings?

DraftKings updated its FY 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $4.7 billion-$4.9 billion, compared to the consensus revenue estimate of $4.7 billion.

What is Jason Robins' approval rating as DraftKings' CEO?

102 employees have rated DraftKings Chief Executive Officer Jason Robins on Glassdoor.com. Jason Robins has an approval rating of 99% among the company's employees. This puts Jason Robins in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of DraftKings own?

Based on aggregate information from My MarketBeat watchlists, some companies that other DraftKings investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Zoom Video Communications (ZM), Block (SQ), DocuSign (DOCU), Boeing (BA), Alibaba Group (BABA), PayPal (PYPL) and Walt Disney (DIS).

Who are DraftKings' major shareholders?

DraftKings' stock is owned by a variety of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.88%), Allspring Global Investments Holdings LLC (0.22%), Hodges Capital Management Inc. (0.07%), Atwood & Palmer Inc. (0.06%), Udine Wealth Management Inc. (0.01%) and Financial Enhancement Group LLC (0.01%). Insiders that own company stock include Erik Bradbury, Gary W Rollins, Hany M Nada, Harry Sloan, Jason Park, Jason Robins, John S Salter, Matthew Kalish, Paul Liberman, R Stanton Dodge, Shalom Meckenzie, Steven Joseph Murray and Woodrow Levin.
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.
Compare Top Brokerages Here.

This page (NASDAQ:DKNG) was last updated on 4/21/2024 by MarketBeat.com Staff

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