Q4 EPS Estimates for DraftKings Decreased by Northland Capmk

DraftKings Inc. (NASDAQ:DKNG - Free Report) - Stock analysts at Northland Capmk lowered their Q4 2025 earnings estimates for DraftKings in a research report issued on Monday, November 11th. Northland Capmk analyst G. Gibas now forecasts that the company will post earnings of $0.43 per share for the quarter, down from their prior forecast of $0.50. The consensus estimate for DraftKings' current full-year earnings is ($0.41) per share.

DraftKings (NASDAQ:DKNG - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.60) earnings per share for the quarter, missing analysts' consensus estimates of ($0.42) by ($0.18). DraftKings had a negative net margin of 9.06% and a negative return on equity of 41.23%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion.

DKNG has been the topic of several other research reports. The Goldman Sachs Group lowered their target price on shares of DraftKings from $60.00 to $54.00 and set a "buy" rating on the stock in a research note on Monday, August 5th. Needham & Company LLC reiterated a "buy" rating and set a $60.00 price objective on shares of DraftKings in a research note on Friday, November 8th. Stifel Nicolaus restated a "buy" rating and issued a $48.00 target price (down from $50.00) on shares of DraftKings in a research report on Monday, August 5th. Mizuho increased their price target on DraftKings from $54.00 to $62.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. Finally, Benchmark reissued a "buy" rating and issued a $44.00 price objective on shares of DraftKings in a research note on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.64.

DraftKings Stock Performance

Shares of DraftKings stock traded up $0.62 on Wednesday, reaching $42.33. 4,505,715 shares of the company were exchanged, compared to its average volume of 10,375,759. DraftKings has a 1-year low of $28.69 and a 1-year high of $49.57. The company's 50-day moving average is $38.00 and its two-hundred day moving average is $37.91. The company has a quick ratio of 1.11, a current ratio of 1.00 and a debt-to-equity ratio of 1.17.

Insiders Place Their Bets

In related news, insider Jason Robins sold 200,000 shares of the firm's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $35.25, for a total value of $7,050,000.00. Following the transaction, the insider now directly owns 2,678,082 shares in the company, valued at approximately $94,402,390.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Jason Robins sold 200,000 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $35.25, for a total transaction of $7,050,000.00. Following the completion of the transaction, the insider now directly owns 2,678,082 shares in the company, valued at $94,402,390.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Liberman sold 643,654 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $41.24, for a total transaction of $26,544,290.96. Following the completion of the sale, the insider now owns 137,308 shares of the company's stock, valued at approximately $5,662,581.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,020,536 shares of company stock valued at $39,966,465 over the last quarter. Insiders own 51.19% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in DraftKings in the third quarter worth about $143,000. D.A. Davidson & CO. grew its stake in shares of DraftKings by 2.4% in the 3rd quarter. D.A. Davidson & CO. now owns 23,972 shares of the company's stock valued at $940,000 after purchasing an additional 569 shares during the period. FMR LLC raised its holdings in shares of DraftKings by 14.7% in the 3rd quarter. FMR LLC now owns 6,467,066 shares of the company's stock worth $253,509,000 after buying an additional 826,626 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of DraftKings by 4.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 25,660 shares of the company's stock worth $1,006,000 after buying an additional 1,039 shares during the period. Finally, Canton Hathaway LLC acquired a new stake in DraftKings in the 3rd quarter valued at $160,000. 37.70% of the stock is owned by institutional investors.

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.