Erik Bradbury Sells 862 Shares of DraftKings (NASDAQ:DKNG) Stock

DraftKings Inc. (NASDAQ:DKNG) CAO Erik Bradbury sold 862 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $25.33, for a total value of $21,834.46. Following the completion of the transaction, the chief accounting officer owned 38,168 shares of the company’s stock, valued at $966,795.44. The trade was a 2.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Erik Bradbury also recently made the following trade(s):

• On Tuesday, March 3rd, Erik Bradbury sold 2,883 shares of DraftKings stock. The stock was sold at an average price of $24.56, for a total value of $70,806.48.

DraftKings Trading Down 1.1%

NASDAQ:DKNG opened at $25.12 on Friday. The stock has a fifty day moving average price of $23.68 and a two-hundred day moving average price of $27.94. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 418.67 and a beta of 1.67. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.02 and a current ratio of 1.02. DraftKings Inc. has a 1 year low of $20.46 and a 1 year high of $48.78.

DraftKings (NASDAQ:DKNG) last released its quarterly earnings data on Friday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. DraftKings had a return on equity of 13.51% and a net margin of 0.93%.The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) EPS. As a group, sell-side analysts anticipate that DraftKings Inc. will post 0.62 earnings per share for the current fiscal year.

Key DraftKings News

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Freedom Capital Markets initiated coverage on DraftKings with a buy/strong-buy stance, citing upside tied to the company’s prediction market opportunity and improving growth outlook. DraftKings, FanDuel Back $9.3 Million Alabama Political Push
• Positive Sentiment: Investor focus remains on DraftKings’ Q1 2026 revenue of $1.65 billion, up 17% year over year, supported by strong customer acquisition, consumer engagement, and improved sportsbook margins. DraftKings (DKNG) Reports Q1 2026 Revenue of $1.65B, Up 17% YoY
• Positive Sentiment: Wall Street’s average price target still implies roughly 34% upside, reinforcing the bullish case despite recent volatility. Can DraftKings (DKNG) Climb 33.99% to Reach the Level Wall Street Analysts Expect?
• Neutral Sentiment: Zacks Research upgraded DraftKings from strong sell to hold, an incremental improvement but not a strong conviction call. DraftKings was upgraded by Zacks Research from strong sell to hold
• Neutral Sentiment: DraftKings remains a trending stock with elevated investor interest, which can add trading momentum but does not by itself change fundamentals. DraftKings Inc. (DKNG) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Insider selling was reported, including a director sale and a CAO sale under a Rule 10b5-1 plan, which may modestly weigh on sentiment even if the transactions were pre-arranged. CAO Erik Bradbury sold shares
• Negative Sentiment: Earlier commentary on DraftKings highlighted the stock’s prior drop on cautious revenue guidance, reminding investors that execution risk is still part of the story. DraftKings (DKNG) Slid on Cautious Revenue Guidance

Analyst Ratings Changes

DKNG has been the subject of several research analyst reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $32.00 price objective on shares of DraftKings in a research report on Sunday, May 10th. Deutsche Bank Aktiengesellschaft cut DraftKings from a “hold” rating to a “hold” rating in a research report on Friday, April 24th. BNP Paribas Exane assumed coverage on DraftKings in a research report on Thursday, May 14th. They issued an “underperform” rating and a $20.00 price objective for the company. The Goldman Sachs Group decreased their target price on DraftKings from $54.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. decreased their target price on DraftKings from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.32.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DKNG. Viking Global Investors LP purchased a new position in shares of DraftKings in the third quarter valued at $561,125,000. Capital World Investors increased its position in shares of DraftKings by 181.4% in the fourth quarter. Capital World Investors now owns 18,626,429 shares of the company’s stock valued at $641,867,000 after buying an additional 12,008,357 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of DraftKings by 50.8% in the fourth quarter. Janus Henderson Group PLC now owns 25,313,909 shares of the company’s stock valued at $858,893,000 after buying an additional 8,524,923 shares in the last quarter. Norges Bank purchased a new position in shares of DraftKings in the fourth quarter valued at $284,466,000. Finally, Spruce House Investment Management LLC increased its position in shares of DraftKings by 129.6% in the first quarter. Spruce House Investment Management LLC now owns 9,650,000 shares of the company’s stock valued at $208,633,000 after buying an additional 5,446,166 shares in the last quarter. Hedge funds and other institutional investors own 37.70% of the company’s stock.

DraftKings Company Profile

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.