Mirabella Financial Services LLP Buys 97,467 Shares of DraftKings Inc. $DKNG

Mirabella Financial Services LLP grew its stake in DraftKings Inc. (NASDAQ:DKNG) by 72.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,740 shares of the company’s stock after buying an additional 97,467 shares during the period. DraftKings makes up about 0.3% of Mirabella Financial Services LLP’s holdings, making the stock its 25th biggest holding. Mirabella Financial Services LLP’s holdings in DraftKings were worth $8,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in DraftKings by 0.8% in the 3rd quarter. Larson Financial Group LLC now owns 76,628 shares of the company’s stock worth $2,866,000 after acquiring an additional 628 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in DraftKings during the 3rd quarter valued at about $2,957,000. Integrated Wealth Concepts LLC increased its position in shares of DraftKings by 40.7% during the third quarter. Integrated Wealth Concepts LLC now owns 27,068 shares of the company’s stock valued at $1,012,000 after acquiring an additional 7,831 shares in the last quarter. Elevation Point Wealth Partners LLC increased its holdings in shares of DraftKings by 1,266.1% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 7,459 shares of the company’s stock worth $279,000 after purchasing an additional 6,913 shares in the last quarter. Finally, Eminence Capital LP raised its position in DraftKings by 31.9% in the 3rd quarter. Eminence Capital LP now owns 6,274,863 shares of the company’s stock worth $234,680,000 after buying an additional 1,517,413 shares during the last quarter. Institutional investors own 37.70% of the company’s stock.

Insider Activity

In other DraftKings news, Director Harry Sloan bought 100,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were purchased at an average price of $21.85 per share, for a total transaction of $2,185,000.00. Following the transaction, the director directly owned 350,219 shares of the company’s stock, valued at approximately $7,652,285.15. This represents a 39.96% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Erik Bradbury sold 2,883 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $24.56, for a total transaction of $70,806.48. Following the transaction, the chief accounting officer owned 38,168 shares of the company’s stock, valued at $937,406.08. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 549,495 shares of company stock valued at $14,166,700 in the last three months. Corporate insiders own 47.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DraftKings in a research report on Wednesday, January 21st. Rothschild & Co Redburn set a $35.00 target price on shares of DraftKings in a report on Friday, January 30th. Barclays reissued an “overweight” rating on shares of DraftKings in a report on Tuesday, March 3rd. Stifel Nicolaus reduced their price objective on DraftKings from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. dropped their price target on DraftKings from $41.00 to $32.00 and set an “overweight” rating for the company in a research report on Tuesday, February 17th. Twenty-five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, DraftKings currently has an average rating of “Moderate Buy” and an average price target of $37.09.

DraftKings News Roundup

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Bernstein reiterated an “Outperform” rating and nudged its price target higher (from $28 to $30), reinforcing bullish analyst conviction around DraftKings’ expansion prospects and supporting longer‑term upside. Bernstein Remains Bullish on DraftKings
• Positive Sentiment: DraftKings’ strategic relationship with ESPN appears to be deepening and the company is evaluating federal rule changes — developments that could expand distribution and product reach if regulatory shifts are favorable. DraftKings Weighs Federal Rule Shift As ESPN Tie Up Deepens
• Neutral Sentiment: Brokerage consensus remains around a “Moderate Buy,” reflecting steady but not unanimous bullishness from analysts; this keeps expectations tempered rather than amplifying volatility. DraftKings Receives Average Recommendation of “Moderate Buy”
• Neutral Sentiment: Market commentary is focused on whether current pricing fairly reflects DraftKings’ recent volatility and growth outlook — recent short‑term gains contrast with weaker year‑to‑date/one‑year returns, leaving valuation debates unresolved. Is DraftKings Pricing Reflect Its Recent Volatility And Growth Prospects
• Negative Sentiment: UBS trimmed its price target from $53 to $43 while keeping a “buy” rating — a notable downward revision that reduces implied upside and can weigh on sentiment even though the rating stayed positive. UBS Lowers DraftKings Price Target
• Negative Sentiment: Director Jocelyn Moore sold 2,150 shares (disclosed in an SEC filing), reducing her holding by ~60% — an insider sale that investors often read as a negative signal about near‑term insider conviction. Director Jocelyn Moore Sells Shares

DraftKings Stock Down 3.7%

Shares of DKNG stock opened at $24.90 on Tuesday. DraftKings Inc. has a 1-year low of $21.01 and a 1-year high of $48.78. The company has a debt-to-equity ratio of 2.91, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $12.28 billion, a price-to-earnings ratio of -622.50, a price-to-earnings-growth ratio of 1.06 and a beta of 1.67. The stock’s fifty day moving average price is $27.66 and its 200 day moving average price is $32.99.

About DraftKings

DraftKings Inc is a leading digital sports entertainment and gaming company specializing in daily fantasy sports, sports betting and iGaming products. The company provides an integrated platform where users can participate in daily fantasy contests, place wagers on professional sports events, and enjoy a range of online casino-style games. DraftKings’ proprietary technology supports real-time odds, live scoring and advanced analytics to enhance the user experience across mobile and desktop applications.

Founded in 2012 by co-founders Jason Robins, Matthew Kalish and Paul Liberman, DraftKings began as a daily fantasy sports provider and rapidly expanded into regulated sports betting following legislative changes in the United States.