DraftKings Inc (NASDAQ:DKNG) shares traded 3.88% higher at $39.60 on Wall Street last session.
DKNG stock price is now 12.30% away from the 50-day moving average and 2.50% away from the 200-day moving average. The market capitalization of the company currently stands at $35.22B.
With the price target of $46, Bernstein recently initiated with Outperform rating for DraftKings Inc (NASDAQ: DKNG). On April 22, 2025, BTIG Research reiterated its ‘Buy’ rating on the stock by increasing its target price from $64 to quote $52, while ‘Susquehanna’ rates the stock as ‘Positive’
In other news, Dodge R Stanton, Officer bought 158,331 shares of the company’s stock on Jun 18 ’25. The stock was bought for $6,174,909 at an average price of $39.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 02 ’25, Chief Legal Officer Dodge R Stanton sold 52,777 shares of the business’s stock. A total of $1,767,549 was realized by selling the stock at an average price of $33.49. This leaves the insider owning 516,563 shares of the company worth $20.46 million. A total of 3.73% of the company’s stock is owned by insiders.
During the past 12 months, DraftKings Inc has had a low of $28.69 and a high of $53.61. As of last week, the company has a debt-to-equity ratio of 2.20, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for DKNG is $35.2636 and a two-hundred day moving average price translates $38.6341 for the stock.
The latest earnings results from DraftKings Inc (NASDAQ: DKNG) was released for 2025-03-31. The net profit margin was -7.97% and return on equity was -46.78% for DKNG. The company reported revenue of $1.41 billion for the quarter, compared to $1.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.9 percent.
