Northland Capmk Has Negative View of DraftKings Q4 Earnings

DraftKings Inc. (NASDAQ:DKNG) – Stock analysts at Northland Capmk cut their Q4 2025 earnings per share estimates for DraftKings in a research report issued to clients and investors on Monday, November 11th. Northland Capmk analyst G. Gibas now anticipates that the company will post earnings per share of $0.43 for the quarter, down from their previous estimate of $0.50. The consensus estimate for DraftKings’ current full-year earnings is ($0.41) per share.

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

Other research analysts have also issued research reports about the company. Benchmark restated a “buy” rating and set a $44.00 price objective on shares of DraftKings in a research report on Monday, October 7th. Susquehanna raised their price target on DraftKings from $48.00 to $50.00 and gave the company a “positive” rating in a report on Monday, October 7th. BMO Capital Markets reaffirmed an “outperform” rating and set a $48.00 price objective on shares of DraftKings in a report on Wednesday, October 16th. Macquarie increased their target price on DraftKings from $50.00 to $51.00 and gave the company an “outperform” rating in a research report on Monday. Finally, TD Cowen boosted their price target on shares of DraftKings from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.64.

DraftKings Stock Up 0.4 %

Shares of NASDAQ DKNG opened at $41.88 on Wednesday. DraftKings has a 52-week low of $28.69 and a 52-week high of $49.57. The company has a current ratio of 1.00, a quick ratio of 1.11 and a debt-to-equity ratio of 1.17. The firm’s fifty day moving average is $38.00 and its two-hundred day moving average is $37.91.

Institutional Trading of DraftKings

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of DraftKings by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 40,011,855 shares of the company’s stock worth $1,816,938,000 after acquiring an additional 747,937 shares in the last quarter. Marshall Wace LLP raised its position in shares of DraftKings by 53.3% in the 2nd quarter. Marshall Wace LLP now owns 9,410,431 shares of the company’s stock valued at $359,196,000 after purchasing an additional 3,269,932 shares during the last quarter. FMR LLC boosted its stake in 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 purchasing an additional 826,626 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in DraftKings by 8.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,777,271 shares of the company’s stock worth $220,518,000 after purchasing an additional 441,975 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in DraftKings by 20.6% during the 1st quarter. Lord Abbett & CO. LLC now owns 3,884,680 shares of the company’s stock valued at $176,403,000 after purchasing an additional 663,427 shares in the last quarter. Hedge funds and other institutional investors own 37.70% of the company’s stock.

Insider Transactions at DraftKings

In related news, insider Jason Robins sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $35.25, for a total value of $7,050,000.00. Following the completion of the sale, the insider now owns 2,678,082 shares in the company, valued at approximately $94,402,390.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jason Robins sold 200,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 2,678,082 shares of the company’s stock, valued at $94,402,390.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Liberman sold 88,441 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $36.41, for a total transaction of $3,220,136.81. Following the transaction, the insider now owns 1,923,483 shares in the company, valued at approximately $70,034,016.03. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,020,536 shares of company stock valued at $39,966,465. 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.