DraftKings Inc. $DKNG Shares Sold by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. trimmed its position in shares of DraftKings Inc. (NASDAQ:DKNG) by 95.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,137 shares of the company’s stock after selling 60,952 shares during the quarter. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in DraftKings were worth $117,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DKNG. Ameriflex Group Inc. increased its position in shares of DraftKings by 100.0% in the third quarter. Ameriflex Group Inc. now owns 810 shares of the company’s stock valued at $30,000 after buying an additional 405 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of DraftKings in the 3rd quarter worth about $33,000. AlphaQuest LLC purchased a new stake in shares of DraftKings in the 3rd quarter worth about $41,000. TD Private Client Wealth LLC grew its stake in DraftKings by 45.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,165 shares of the company’s stock valued at $44,000 after acquiring an additional 365 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in DraftKings during the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 37.70% of the company’s stock.

DraftKings Stock Performance

Shares of NASDAQ DKNG opened at $25.11 on Monday. The company has a 50-day simple moving average of $28.82 and a 200-day simple moving average of $33.91. 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 $12.38 billion, a PE ratio of -627.75, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67. DraftKings Inc. has a 12 month low of $21.01 and a 12 month high of $48.78.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Macquarie Infrastructure cut their target price on shares of DraftKings from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, November 10th. Rothschild & Co Redburn set a $35.00 price objective on shares of DraftKings in a research note on Friday, January 30th. Susquehanna set a $33.00 price objective on DraftKings in a research report on Tuesday, February 17th. Morgan Stanley reduced their target price on DraftKings from $53.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 24th. Finally, Canaccord Genuity Group lowered their target price on DraftKings from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Twenty-five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, DraftKings has an average rating of “Moderate Buy” and an average price target of $37.19.

DraftKings News Roundup

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: ESPN/Disney integration and account-linking ahead of March Madness should drive engagement and conversion between ESPN audiences and DraftKings’ Sportsbook, plus a new “Bet Your Bracket” feature adds event-driven monetization potential. DraftKings and Disney strike a key integration deal ahead of March Madness
• Positive Sentiment: BusinessWire/ESPN details show account linking will personalize experiences and unlock exclusive features, which can boost ARPU and customer retention during a high-activity period for sports betting. DraftKings and ESPN Detail Plans to Provide Account Linking for Customers
• Positive Sentiment: The rollout of a unified “Super App” (Sportsbook, Casino, Predictions, Lottery) and expansion into prediction markets create new cross-sell and monetization paths that analysts see as a growth catalyst. DraftKings Super App And Prediction Push Test Ethics And Legal Risks
• Positive Sentiment: Multiple brokerage upgrades and coverage notes (Goldman Sachs, Susquehanna, BMO, Citizens JMP) and recent insider buying signal analyst confidence and insider conviction, which can support buy-side interest. DraftKings (DKNG) Receives a Buy from Goldman Sachs
• Neutral Sentiment: Short-interest data reported this cycle is inconsistent/unclear; current figures don’t provide a clear near-term squeeze or pressure signal. (No clear actionable short-covering dynamic at present.)
• Negative Sentiment: Media and legal pieces flag ethics and regulatory risk from the Super App and prediction-market push, plus class-action scrutiny over past promotional marketing — these could produce regulatory headaches, compliance costs or reputational damage. DraftKings Super App And Prediction Push Test Ethics And Legal Risks

Insider Buying and Selling

In other DraftKings news, CAO Erik Bradbury sold 2,883 shares of DraftKings stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $24.56, for a total value of $70,806.48. Following the completion of the sale, the chief accounting officer directly owned 38,168 shares of the company’s stock, valued at approximately $937,406.08. The trade was a 7.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R Stanton Dodge sold 52,777 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $32.01, for a total value of $1,689,391.77. Following the completion of the transaction, the insider owned 500,000 shares of the company’s stock, valued at $16,005,000. This trade represents a 9.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 62,928 shares of company stock worth $1,923,728. 51.19% of the stock is owned by insiders.

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.