<div id="readability-page-1"><p>Shares of DraftKings Inc. (NASDAQ:DKNG - Get Free Report) have been given an average recommendation of &#34;Moderate Buy&#34; by the twenty-eight brokerages that are  covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and twenty-five have issued  a buy recommendation on  the company. The average 12-month target price among brokers that have covered the stock in the last year is $54.44.</p><ul><li>5 Reasons DraftKings Stock Looks Promising in the New Year</li></ul><p>Several brokerages have commented on DKNG. BTIG Research  set a $59.00 price target on DraftKings in a research note on Monday, February 3rd. Cowen  reiterated a &#34;buy&#34; rating on shares of DraftKings in a research note on Tuesday, February 4th. Needham &amp; Company LLC  set a $65.00 target price on DraftKings in a research note on Tuesday, February 18th. Stifel Nicolaus increased their target price on DraftKings from $48.00 to $57.00 and gave the company a &#34;buy&#34; rating in a research note on Tuesday, February 18th. Finally, Macquarie increased their target price on DraftKings from $50.00 to $51.00 and gave the company an &#34;outperform&#34; rating in a research note on Monday, November 11th.</p><p><b>Get Our Latest Research Report on DraftKings</b></p><h2>DraftKings Stock Performance</h2><ul><li>Get Ahead of the January Effect With These 2 Fintech Stocks</li></ul><p>Shares of NASDAQ:DKNG opened at $43.41 on Thursday. The firm has a market capitalization of $21.27 billion, a PE ratio of -40.95, a P/E/G ratio of 1.43 and a beta of 2.07. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.93 and a quick ratio of 1.00. The business has a 50-day moving average of $42.00 and a two-hundred day moving average of $39.97. DraftKings has a 12 month low of $28.69 and a 12 month high of $53.61. </p><p>DraftKings (NASDAQ:DKNG - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.35). DraftKings had a negative return on equity of 48.13% and a negative net margin of 10.64%.  As a group, research analysts forecast that  DraftKings will post 0.64 earnings per share for the current year. </p><h2>Insider Activity at DraftKings</h2><ul><li>Flutter Entertainment Can Be a Blue-Chip Sports Betting Stock </li></ul><p>In related news, insider Matthew Kalish sold 210,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $40.61, for a total transaction of $8,528,100.00. Following the completion of the transaction, the insider now owns 4,140,509 shares in the company, valued at $168,146,070.49. The trade was a 4.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul Liberman sold 532,095 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $38.30, for a total value of $20,379,238.50. Following the transaction, the insider now owns 68,654 shares of the company's stock, valued at $2,629,448.20. This represents a 88.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,783,488 shares of company stock worth $118,128,867 in the last 90 days. 51.19% of the stock is currently owned by company insiders. </p><h2>Institutional Trading of DraftKings</h2><p>Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in  DraftKings by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 43,073,314 shares of the company's stock valued at $1,602,327,000 after acquiring an additional 584,452 shares in the last quarter.  T. Rowe Price Investment Management Inc. raised its stake in  DraftKings by 4.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 18,569,637 shares of the company's stock valued at $690,791,000 after acquiring an additional 707,504 shares in the last quarter.  FMR LLC raised its stake in  DraftKings by 110.6% during the 4th quarter. FMR LLC now owns 13,617,448 shares of the company's stock valued at $506,569,000 after acquiring an additional 7,150,382 shares in the last quarter.  Janus Henderson Group PLC raised its stake in  DraftKings by 31,346.8% during the 4th quarter. Janus Henderson Group PLC now owns 9,381,853 shares of the company's stock valued at $349,005,000 after acquiring an additional 9,352,019 shares in the last quarter.  Finally, Geode Capital Management LLC raised its stake in  DraftKings by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 8,075,009 shares of the company's stock valued at $299,921,000 after acquiring an additional 89,988 shares in the last quarter. Institutional investors own  37.70% of the company's stock. </p><h2>DraftKings Company Profile</h2> (Get Free Report<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than DraftKings</li><li>How to Use High Beta Stocks to Maximize Your Investing Profits</li><li>Corporate Crawl: Where Business Trips Turn Into Party Nights </li><li>How to Calculate Stock Profit </li><li>CrowdStrike's Growth Remains Strong—Buy While It's Down</li><li>How to Calculate Retirement Income: MarketBeat’s Calculator</li><li>Is Advanced Micro Devices Stock Slide Over?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9REtORw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9REtORw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in DraftKings Right Now?</h2><p>Before you consider DraftKings, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DraftKings wasn't on the list.</p><p>While DraftKings currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

DKNG

<p>DraftKings Inc. (NASDAQ:DKNG) has received an average recommendation of "Moderate Buy" from 28 brokerages. Three analysts rated it as a hold, while 25 issued buy recommendations. The average 12-month target price is $54.44. Recent price targets include $59.00 from BTIG Research and $65.00 from Needham & Company. DraftKings shares opened at $43.41, with a market cap of $21.27 billion. The company reported a loss of ($0.28) EPS in its last quarterly earnings. Insiders have sold significant shares recently, and institutional investors have increased their stakes in the company.</p>

DraftKings Inc. (NASDAQ:DKNG) Receives Average Recommendation of "Moderate Buy" from Brokerages