Q4 EPS Estimates for DraftKings Decreased by Northland Capmk

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

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

Several other equities research analysts have also recently commented on DKNG. BNP Paribas raised DraftKings from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a report on Tuesday, September 10th. Needham & Company LLC restated a “buy” rating and set a $60.00 price objective on shares of DraftKings in a research report on Friday, November 8th. Bank of America lowered their price objective on DraftKings from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. BMO Capital Markets restated an “outperform” rating and issued a $48.00 target price on shares of DraftKings in a research report on Wednesday, October 16th. Finally, Macquarie boosted their price objective on shares of DraftKings from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.64.

DraftKings Stock Performance

NASDAQ:DKNG opened at $41.14 on Wednesday. DraftKings has a twelve month low of $28.69 and a twelve month high of $49.57. The company has a market cap of $36.14 billion, a P/E ratio of -46.75 and a beta of 1.82. 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 company’s 50-day moving average price is $38.15 and its 200-day moving average price is $37.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC lifted its stake in DraftKings by 0.6% during the third quarter. Global Retirement Partners LLC now owns 47,067 shares of the company’s stock worth $1,845,000 after purchasing an additional 273 shares during the period. Hexagon Capital Partners LLC raised its holdings in shares of DraftKings by 21.0% in the second quarter. Hexagon Capital Partners LLC now owns 1,651 shares of the company’s stock valued at $63,000 after buying an additional 286 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in DraftKings by 36.8% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,190 shares of the company’s stock worth $47,000 after buying an additional 320 shares in the last quarter. Brown Lisle Cummings Inc. increased its position in DraftKings by 32.5% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 1,325 shares of the company’s stock valued at $51,000 after acquiring an additional 325 shares in the last quarter. Finally, HighMark Wealth Management LLC raised its stake in shares of DraftKings by 18.3% in the second quarter. HighMark Wealth Management LLC now owns 2,129 shares of the company’s stock worth $81,000 after acquiring an additional 329 shares during the last quarter. 37.70% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Jason Robins sold 200,000 shares of the stock in a transaction dated 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 directly owns 2,678,082 shares of the company’s stock, valued at approximately $94,402,390.50. This represents a 6.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Liberman sold 643,654 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $41.24, for a total value of $26,544,290.96. Following the completion of the transaction, the insider now directly owns 137,308 shares in the company, valued at approximately $5,662,581.92. The trade was a 82.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,020,536 shares of company stock worth $39,966,465. 51.19% of the stock is owned by company insiders.

DraftKings Company Profile

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.