Jocelyn Moore Sells 2,150 Shares of DraftKings (NASDAQ:DKNG) Stock

DraftKings Inc. (NASDAQ:DKNG) Director Jocelyn Moore sold 2,150 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $25.60, for a total value of $55,040.00. Following the transaction, the director directly owned 1,406 shares of the company’s stock, valued at $35,993.60. The trade was a 60.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

DraftKings Trading Up 1.3%

NASDAQ:DKNG opened at $25.22 on Wednesday. The company has a 50-day moving average price of $27.46 and a 200-day moving average price of $32.83. DraftKings Inc. has a 12 month low of $21.01 and a 12 month high of $48.78. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.91. The stock has a market cap of $12.43 billion, a price-to-earnings ratio of -630.50, a P/E/G ratio of 1.02 and a beta of 1.67.

Key Stories Impacting DraftKings

Here are the key news stories impacting DraftKings this week:

• Positive Sentiment: Analyst and industry support remains meaningful: consensus across brokerages is an average “Moderate Buy” with the majority of analysts recommending buy—this keeps longer‑term upside expectations alive and helps underpin the stock. DraftKings Receives Average Recommendation of “Moderate Buy”
• Positive Sentiment: Bernstein reiterated an Outperform rating and nudged its target higher, a bullish signal that can lift sentiment among investors focused on analyst guidance. Bernstein Remains Bullish on DraftKings
• Positive Sentiment: Commercial/strategic progress: coverage notes that DraftKings’ relationship with ESPN appears to be deepening and the company is tracking potential federal rule changes — both items that could expand distribution if realized. DraftKings Weighs Federal Rule Shift As ESPN Tie Up Deepens
• Neutral Sentiment: Valuation and volatility debate continues: commentary highlights recent short‑term gains versus weaker YTD/1‑year returns, leaving uncertainty about whether current pricing already reflects the company’s growth prospects. Traders may be reacting to technicals as much as fundamentals. Is DraftKings Pricing Reflect Its Recent Volatility And Growth Prospects
• Negative Sentiment: Analyst downgrade: Argus cut DraftKings from “buy” to “hold” — downgrades like this can sap momentum and increase selling pressure among short‑term holders. Argus Downgrades DraftKings
• Negative Sentiment: Insider selling: Director Jocelyn Moore sold 2,150 shares (about $55k at the sale price), cutting her stake by ~60%—a visible insider sale that some investors interpret as a negative near‑term signal. Director Jocelyn Moore Sells Shares
• Negative Sentiment: UBS trimmed its price target from $53 to $43 (while retaining a “buy”), reducing implied upside and likely dampening enthusiasm among value‑sensitive investors. UBS Lowers DraftKings Price Target

Wall Street Analyst Weigh In

Several research firms recently weighed in on DKNG. Citizens Jmp restated a “market outperform” rating and issued a $38.00 price target on shares of DraftKings in a research note on Tuesday, March 3rd. Berenberg Bank set a $26.40 price objective on DraftKings in a research note on Tuesday, February 24th. Guggenheim set a $37.00 target price on DraftKings in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft set a $26.00 target price on DraftKings in a research note on Tuesday, February 17th. Finally, Jefferies Financial Group set a $46.00 price target on DraftKings in a report on Tuesday, March 3rd. Twenty-five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.09.

Institutional Investors Weigh In On DraftKings

Hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. lifted its holdings in DraftKings by 458.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 104,360 shares of the company’s stock valued at $3,596,000 after acquiring an additional 85,665 shares during the period. World Investment Advisors purchased a new stake in shares of DraftKings during the 4th quarter valued at about $213,000. SHP Wealth Management purchased a new stake in shares of DraftKings during the 4th quarter valued at about $42,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of DraftKings in the fourth quarter worth approximately $69,000. Finally, MidFirst Bank purchased a new position in shares of DraftKings in the fourth quarter worth approximately $325,000. 37.70% of the stock is currently owned by hedge funds and other institutional investors.

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.