DKNG icon

DraftKings

53.49 USD
+7.04
15.16%
At close Feb 14, 4:00 PM EST
After hours
53.15
-0.34
0.64%
1 day
15.16%
5 days
25.39%
1 month
33.73%
3 months
30.02%
6 months
66.84%
Year to date
47.40%
1 year
21.90%
5 years
176.43%
10 years
176.43%
 

About: DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online or retail sports betting in about 30 states and iGaming in seven states, with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

Employees: 5,100

0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 7 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

65% more call options, than puts

Call options by funds: $1.35B | Put options by funds: $814M

6% more capital invested

Capital invested by funds: $13.8B [Q2] → $14.6B (+$769M) [Q3]

1.96% more ownership

Funds ownership: 74.89% [Q2] → 76.86% (+1.96%) [Q3]

9% more repeat investments, than reductions

Existing positions increased: 277 | Existing positions reduced: 254

4% less funds holding

Funds holding: 792 [Q2] → 761 (-31) [Q3]

6% less funds holding in top 10

Funds holding in top 10: 17 [Q2] → 16 (-1) [Q3]

19% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 118

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$50
7%
downside
Avg. target
$54
1%
upside
High target
$60
12%
upside

7 analyst ratings

positive
100%
neutral
0%
negative
0%
Benchmark
Mike Hickey
76% 1-year accuracy
65 / 86 met price target
5%downside
$51
Buy
Maintained
14 Feb 2025
JMP Securities
Jordan Bender
47% 1-year accuracy
27 / 57 met price target
7%downside
$50
Market Outperform
Reiterated
14 Feb 2025
Canaccord Genuity
Michael Graham
43% 1-year accuracy
6 / 14 met price target
12%upside
$60
Buy
Maintained
14 Feb 2025
Needham
Bernie McTernan
80% 1-year accuracy
105 / 132 met price target
12%upside
$60
Buy
Reiterated
14 Feb 2025
TD Cowen
Lance Vitanza
62% 1-year accuracy
16 / 26 met price target
5%downside
$51
Buy
Maintained
4 Feb 2025

Financial journalist opinion

Based on 37 articles about DKNG published over the past 30 days

Positive
24/7 Wall Street
12 hours ago
3 Public Companies Dominating the Sports Industry
With the Super Bowl officially wrapped up, and the Eagles taking the mantle away from the Chiefs in an epic showdown (beat down, whatever you want to call it), many investors are turning their attention to the business of sports.
3 Public Companies Dominating the Sports Industry
Negative
Seeking Alpha
13 hours ago
DraftKings: Q4 Earnings, Bold 2025 Ambition But A Corresponding Valuation (Rating Downgrade)
DraftKings' Q4 financials were expectedly weak as NFL outcomes negatively affected the industry's hold percentage. Marketing expenses also returned to growth, but DraftKings showed great user growth as a result. After Q4, DraftKings guides for a strong 2025. A better hold percentage, new market entries, and iGaming growth continue to carry momentum. As a slight concern, FanDuel has gained market share against DraftKings throughout Q4, and DraftKings has lost its number one spot once again to the competitor.
DraftKings: Q4 Earnings, Bold 2025 Ambition But A Corresponding Valuation (Rating Downgrade)
Positive
Seeking Alpha
20 hours ago
DraftKings: Incredible Customer Acquisition, Terrible Price (Rating Upgrade)
DraftKings achieved a significant "beat and raise" in Q4, boosting its share price by ~15%, driven by new customer acquisition and better sportsbook hold percentages. Upgrading DraftKings to neutral. The company benefits from additional states legalizing sports gambling, a growing iGaming business, and economies of scale, but faces volatile trends and lofty FY25 EBITDA goals. DraftKings' FY25 outlook relies on 30%+ revenue growth and a significant increase in adjusted EBITDA margins, as well as a normalization of all unfavorable sports outcomes in FY24.
DraftKings: Incredible Customer Acquisition, Terrible Price (Rating Upgrade)
Positive
CNBC Television
2 days ago
Macquarie's Chad Beynon weighs in on casino stocks hitting the jackpot
Chad Beynon, Macquarie U.S. Equity Research senior gaming, lodging, theatre analyst, joins 'Power Lunch' to discuss casino stock's upside gains and the strength in Macao business.
Macquarie's Chad Beynon weighs in on casino stocks hitting the jackpot
Neutral
PYMNTS
2 days ago
Are Cryptocurrency Payments in the Cards for DraftKings?
At the end of DraftKings' fourth-quarter earnings call Friday (Feb. 14), Co-founder and CEO Jason Robins was asked whether the company would ever accept cryptocurrency payments. “It's certainly something we're looking at,” he told analysts.
Are Cryptocurrency Payments in the Cards for DraftKings?
Neutral
Seeking Alpha
2 days ago
DraftKings Inc. (DKNG) Q4 2024 Earnings Call Transcript
DraftKings Inc. (NASDAQ:DKNG ) Q4 2024 Earnings Conference Call February 14, 2025 8:30 AM ET Company Participants Alan Ellingson - CFO Jason Robins - Co-Founder & CEO Conference Call Participants Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley David Katz - Jefferies Carlo Santarelli - Deutsche Bank Robin Farley - UBS Robert Fishman - MoffettNathanson Ben Miller - Goldman Sachs Joe Stauff - Susquehanna Clark Lampen - BTIG Dan Politzer - Wells Fargo Jed Kelly - Oppenheimer Brandt Montour - Barclays Barry Jonas - Truist Benjamin Chaiken - Mizuho Operator Good day, and thank you for standing by. Welcome to DraftKings Fourth Quarter 2024 Earnings Call.
DraftKings Inc. (DKNG) Q4 2024 Earnings Call Transcript
Neutral
Zacks Investment Research
2 days ago
DKNG Q4 Earnings & Revenues Miss Estimates, Stock Up on Upbeat View
DraftKings' fourth-quarter 2024 top line is aided by strong customer engagement, efficient new customer acquisition and the expansion of Sportsbook offerings.
DKNG Q4 Earnings & Revenues Miss Estimates, Stock Up on Upbeat View
Positive
Invezz
2 days ago
Top 3 tailwinds that will drive growth for DraftKings in 2025
DraftKings Inc (NASDAQ: DKNG) is inching up this morning after recording a surprise profit for its fiscal fourth quarter as revenue jumped 13% on a year-over-year basis. But the company's chief executive, Jason Robins, continues to see further growth ahead in the wake of several tailwinds going into 2025.
Top 3 tailwinds that will drive growth for DraftKings in 2025
Positive
Investors Business Daily
2 days ago
DraftKings Pops On Customer Gains, Lifted Outlook - Sans The Super Bowl
DraftKings posted mixed Q4 results, raised its sales guidance. The sportsbook's loss widened, but analysts lift price targets.
DraftKings Pops On Customer Gains, Lifted Outlook - Sans The Super Bowl
Neutral
Proactive Investors
2 days ago
DraftKings earnings miss overlooked as Wall Street focuses on the bigger picture
Draftkings Inc (NASDAQ:DKNG) shares climbed almost 6% after hours as investors overlooked its near-term issues to focus on the bigger picture. The online sports betting giant reported a loss of 28 cents per share on $1.39 billion in revenue, falling short of analysts' forecasts of a 17-cent loss on $1.4 billion in sales.
DraftKings earnings miss overlooked as Wall Street focuses on the bigger picture
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