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See how to make money instead of spending it on Black Friday with this offer (Ad)
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Walmart shooting claims teen, young woman, father, mother
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Cuba's informal market finds new space on growing internet
Bird flu prompts slaughter of 1.8M chickens in Nebraska
See how to make money instead of spending it on Black Friday with this offer (Ad)
Best Buy Proves Brick and Mortar is Here to Stay
US-England World Cup game seen by 19.98M on US television
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Saudi viewers angry over apparent ban on World Cup streaming
Walmart shooting claims teen, young woman, father, mother
See how to make money instead of spending it on Black Friday with this offer (Ad)
Cuba's informal market finds new space on growing internet
Bird flu prompts slaughter of 1.8M chickens in Nebraska
See how to make money instead of spending it on Black Friday with this offer (Ad)
Best Buy Proves Brick and Mortar is Here to Stay
US-England World Cup game seen by 19.98M on US television
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
See how to make money instead of spending it on Black Friday with this offer (Ad)
Saudi viewers angry over apparent ban on World Cup streaming
Walmart shooting claims teen, young woman, father, mother
See how to make money instead of spending it on Black Friday with this offer (Ad)
Cuba's informal market finds new space on growing internet
Bird flu prompts slaughter of 1.8M chickens in Nebraska
See how to make money instead of spending it on Black Friday with this offer (Ad)
Best Buy Proves Brick and Mortar is Here to Stay
US-England World Cup game seen by 19.98M on US television
NASDAQ:DKNG

DraftKings - DKNG Stock Forecast, Price & News

$15.14
-0.20 (-1.30%)
(As of 11/25/2022 08:57 PM ET)
Add
Compare
Today's Range
$14.91
$15.22
50-Day Range
$11.31
$18.67
52-Week Range
$9.77
$36.57
Volume
5.36 million shs
Average Volume
23.36 million shs
Market Capitalization
$12.75 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$23.96

DraftKings MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
58.3% Upside
$23.96 Price Target
Short Interest
Healthy
9.06% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.32
Upright™ Environmental Score
News Sentiment
0.71mentions of DraftKings in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($3.11) to ($2.50) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.28 out of 5 stars

Consumer Discretionary Sector

127th out of 273 stocks

Miscellaneous Amusement & Recreation Services Industry

9th out of 17 stocks

DKNG stock logo

About DraftKings (NASDAQ:DKNG) Stock

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.

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DKNG Stock News Headlines

Three Ways To Win The Online Gambling Industry 
The online gambling industry is one of the fastest growing in the US today and expects to see explosive growth and profitability over the next 5 years.
Analysts Rate DraftKings a Moderate Buy As Growth Slows
DraftKings share price continues to slip, even with a revenue beat and fewer losses than expected, and analysts have rated the stock a moderate Buy.
Down 46%, is DraftKings Stock Finally a Buy?
Morgan Stanley Cuts DraftKings (NASDAQ:DKNG) Price Target to $20.00
Why Is DraftKings (DKNG) Stock Down 10% Today?
DraftKings Stock Q&A With Wall Street
Why DraftKings Stock Gained Ground This Morning
Bad News for DraftKings Stock Investors
Why DraftKings Shares Are Down More Than 7% on Wednesday
Is DraftKings Stock a Buy After Q3 Earnings?
Why DraftKings Stock Plunged Today
DKNG Stock Alert: Why DraftKings Is Down 20% Today
See More Headlines
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DKNG Company Calendar

Last Earnings
11/05/2021
Today
11/28/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/17/2023

Industry, Sector and Symbol

Industry
Miscellaneous amusement & recreation services
Sub-Industry
N/A
Current Symbol
NASDAQ:DKNG
Fax
N/A
Employees
3,400
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$23.96
High Stock Price Forecast
$36.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+58.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
28 Analysts

Profitability

Net Income
$-1,523,190,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$1.30 billion
Book Value
$2.10 per share

Miscellaneous

Free Float
371,093,000
Market Cap
$12.75 billion
Optionable
Optionable
Beta
1.77

Social Links


Key Executives

  • Mr. Jason D. RobinsMr. Jason D. Robins (Age 41)
    Co-Founder, Chairman & CEO
    Comp: $2.73M
  • Mr. Paul LibermanMr. Paul Liberman (Age 39)
    Co-Founder, Pres of Global Technology & Product and Director
    Comp: $1.16M
  • Mr. Matthew KalishMr. Matthew Kalish (Age 40)
    Co-Founder, Pres of DraftKings North America & Director
    Comp: $1.14M
  • Mr. Jason K. ParkMr. Jason K. Park (Age 45)
    Chief Financial Officer
    Comp: $1.3M
  • Mr. R. Stanton Dodge Esq.Mr. R. Stanton Dodge Esq. (Age 54)
    Chief Legal Officer & Sec.
    Comp: $1.31M
  • Mr. Erik BradburyMr. Erik Bradbury (Age 43)
    Chief Accounting Officer
  • Mr. Joseph DeCristofaro
    VP of Investor Relations
  • Ms. Jennifer Aguiar
    Chief Compliance Officer
  • Mr. Timothy Dent
    Sr. VP of Regulatory Operations
  • Mr. Brian Angiolet
    Chief Media Officer













DKNG Stock - Frequently Asked Questions

Should I buy or sell DraftKings stock right now?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last twelve months. There are currently 2 sell ratings, 10 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DKNG shares.
View DKNG analyst ratings
or view top-rated stocks.

What is DraftKings' stock price forecast for 2023?

28 Wall Street research analysts have issued 12-month target prices for DraftKings' stock. Their DKNG share price forecasts range from $14.00 to $36.00. On average, they predict the company's stock price to reach $23.96 in the next year. This suggests a possible upside of 58.3% 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 2022?

DraftKings' stock was trading at $27.47 at the beginning of the year. Since then, DKNG stock has decreased by 44.9% and is now trading at $15.14.
View the best growth stocks for 2022 here
.

When is DraftKings' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 17th 2023.
View our DKNG earnings forecast
.

How were DraftKings' earnings last quarter?

DraftKings Inc. (NASDAQ:DKNG) posted its quarterly earnings data on Friday, November, 5th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($1.11) by $0.24. The company had revenue of $212.82 million for the quarter, compared to analyst estimates of $224.86 million. DraftKings had a negative trailing twelve-month return on equity of 87.08% and a negative net margin of 78.64%. During the same quarter in the prior year, the firm posted ($0.98) earnings per share.

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

DraftKings issued an update on its FY 2023 earnings guidance on Friday, November, 18th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.80 billion-$3.00 billion, compared to the consensus revenue estimate of $2.83 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).

What is DraftKings' stock symbol?

DraftKings trades on the NASDAQ under the ticker symbol "DKNG."

Who are DraftKings' major shareholders?

DraftKings' stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.11%), Sumitomo Mitsui Trust Holdings Inc. (1.57%), Twin Tree Management LP (0.00%), Citadel Advisors LLC (0.00%), DAVENPORT & Co LLC (0.56%) and Contrarius Investment Management Ltd (0.50%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is DraftKings' stock price today?

One share of DKNG stock can currently be purchased for approximately $15.14.

How much money does DraftKings make?

DraftKings (NASDAQ:DKNG) has a market capitalization of $12.75 billion and generates $1.30 billion in revenue each year. The company earns $-1,523,190,000.00 in net income (profit) each year or ($3.44) on an earnings per share basis.

How many employees does DraftKings have?

The company employs 3,400 workers across the globe.

How can I contact DraftKings?

DraftKings' mailing address is 2121 AVENUE OF THE STARS SUITE 2300, LOS ANGELES CA, 90067. The official website for the company is www.draftkings.com. The company can be reached via phone at 617-986-6744 or via email at investors@draftkings.com.

This page (NASDAQ:DKNG) was last updated on 11/28/2022 by MarketBeat.com Staff