DraftKings (DKNG) Projected to Post Quarterly Earnings on Thursday

DraftKings (NASDAQ:DKNG) is expected to release its earnings data after the market closes on Thursday, February 13th. Analysts expect DraftKings to post earnings of $0.07 per share and revenue of $1.40 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

DraftKings Trading Up 1.3 %

DKNG opened at $42.84 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.17. DraftKings has a 52 week low of $28.69 and a 52 week high of $49.57. The stock has a market cap of $20.89 billion, a PE ratio of -48.68, a PEG ratio of 3.18 and a beta of 1.93. The business has a 50 day moving average of $40.35 and a 200-day moving average of $38.41.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DKNG. Mizuho boosted their target price on shares of DraftKings from $54.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, October 18th. JMP Securities cut their price objective on shares of DraftKings from $52.00 to $50.00 and set a “market outperform” rating on the stock in a report on Monday, January 6th. Benchmark reiterated a “buy” rating and set a $44.00 target price on shares of DraftKings in a report on Tuesday, January 7th. TD Cowen cut their price target on DraftKings from $55.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their target price on DraftKings from $47.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.92.

Insider Buying and Selling at DraftKings

In other DraftKings news, insider R Stanton Dodge sold 228,496 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $42.74, for a total transaction of $9,765,919.04. Following the completion of the sale, the insider now directly owns 541,884 shares of the company’s stock, valued at $23,160,122.16. This trade represents a 29.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jason Robins sold 3,151 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $43.71, for a total transaction of $137,730.21. Following the completion of the transaction, the insider now directly owns 2,631,033 shares in the company, valued at $115,002,452.43. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 963,742 shares of company stock valued at $38,082,888 over the last ninety days. 51.19% of the stock is currently owned by company insiders.

About DraftKings

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.