DraftKings (NASDAQ:DKNG) Issues Earnings Results, Misses Expectations By $0.35 EPS

DraftKings (NASDAQ:DKNG) released its quarterly earnings data on Thursday. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.35), Zacks reports. DraftKings had a negative net margin of 9.06% and a negative return on equity of 41.23%. DraftKings updated its FY 2025 guidance to EPS.

DraftKings Trading Up 2.2 %

NASDAQ DKNG traded up $1.01 on Thursday, reaching $46.45. 21,739,551 shares of the company were exchanged, compared to its average volume of 8,021,174. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.17. The business’s fifty day moving average price is $40.33 and its 200 day moving average price is $38.56. The stock has a market capitalization of $22.65 billion, a P/E ratio of -52.78, a price-to-earnings-growth ratio of 3.18 and a beta of 1.93. DraftKings has a fifty-two week low of $28.69 and a fifty-two week high of $49.57.

Analyst Ratings Changes

DKNG has been the subject of a number of research reports. Susquehanna lowered their price target on DraftKings from $56.00 to $54.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Macquarie upped their target price on DraftKings from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Barclays increased their price target on DraftKings from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Mizuho lifted their price objective on DraftKings from $54.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, TD Cowen dropped their target price on shares of DraftKings from $55.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.92.

Insider Transactions at DraftKings

In other news, insider Paul Liberman sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $39.00, for a total transaction of $7,800,000.00. Following the completion of the sale, the insider now owns 1,342,722 shares in the company, valued at $52,366,158. This trade represents a 12.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jason Robins sold 3,151 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $43.71, for a total value of $137,730.21. Following the completion of the transaction, the insider now owns 2,631,033 shares in the company, valued at $115,002,452.43. This represents a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 963,742 shares of company stock worth $38,082,888 in the last quarter. Company insiders own 51.19% of the company’s stock.

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.