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DraftKings Inc. (DKNG)

NASDAQ: DKNG · Delayed Price · USD
48.75
-0.17 (-0.35%)
After-hours:Oct 21, 2021 5:54 PM EDT
48.92
-0.17 (-0.35%)
At close: Oct 21, 4:00 PM
Market Cap19.80B
Revenue (ttm)1.06B
Net Income (ttm)-1.65B
Shares Out793.99M
EPS (ttm)-3.34
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume7,282,234
Open49.20
Previous Close49.09
Day's Range48.76 - 49.91
52-Week Range34.90 - 74.38
Betan/a
AnalystsBuy
Price Target70.02 (+43.1%)
Est. Earnings DateNov 5, 2021

About DKNG

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design, development, and licensing of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. The company distributes its product offerings through various channels, including traditional websites...

IndustryHotels, Restaurants & Leisure
Employees2,600
Stock ExchangeNASDAQ
Ticker SymbolDKNG
Full Company Profile

Financial Performance

In 2020, DraftKings's revenue was $614.53 million, an increase of 90.02% compared to the previous year's $323.41 million. Losses were -$844.27 million, 491.5% more than in 2019.

Financial Statements

Analyst Forecast

According to 25 analysts, the average rating for DraftKings stock is "Buy." The 12-month stock price forecast is 70.02, which is an increase of 43.13% from the latest price.

Price Target
$70.02
(43.13% upside)
Analyst Consensus: Buy

News

Drive by DraftKings Launches $60 Million Venture Fund to Invest in Sports Tech and Entertainment

BOSTON, Oct. 21, 2021 /PRNewswire/ -- Drive by DraftKings, the multi-stage venture capital firm investing in sports tech and entertainment companies, has today announced that it has raised its first ven...

11 hours ago - PRNewsWire

Analyst Raises TAM For Online Sports Betting, Highlights A Few Big Winners

September was a big month in the world of sports betting: a record was set in New Jersey for betting handle and an operator in Michigan became the first to reach the $100 million handle milestone. An an...

Other symbols:MGM
1 day ago - Benzinga

7 Growth Stocks to Buy Before They Come Roaring Back

Pullbacks in high-quality growth stocks are huge opportunities for patient investors. Here are seven promising picks to check out now.

Other symbols:MELIPDPYPLROKUTWLOZM
1 day ago - InvestorPlace

DraftKings Will Only Go Higher Once It Buys Golden Nugget Online Gaming

DraftKings' deal to buy GNOG could push the value of DKNG stock even higher than the previous estimate of $80.93 per share. The post DraftKings Will Only Go Higher Once It Buys Golden Nugget Online Gami...

2 days ago - InvestorPlace

DraftKings Statement Regarding Entain

BOSTON, Oct. 19, 2021 (GLOBE NEWSWIRE) -- DraftKings (NASDAQ: DKNG) notes the announcement made by Entain earlier today relating to the extension of the deadline, under Rule 2.6 of the City Code on Take...

2 days ago - GlobeNewsWire

DraftKings gets one more month to decide on formal offer for Britain's Entain

Ladbrokes owner Entain said on Tuesday rival DraftKings has until Nov. 16 to make a formal offer to take over the British sports betting and gambling firm, following a $22.4 billion proposal from the U....

2 days ago - Reuters

DraftKings Launches Online Sports Betting In Connecticut

DraftKings Inc (NASDAQ: DKNG), The Mashantucket Pequot Tribal Nation, and Foxwoods Resort Casino launch online and mobile sports betting and online casino in Connecticut. The first wager accepted was $2...

2 days ago - Benzinga

Foxwoods and DraftKings Launch Online Sports Betting and iGaming in Connecticut

BOSTON, Oct. 19, 2021 (GLOBE NEWSWIRE) -- The Mashantucket Pequot Tribal Nation, Foxwoods Resort Casino and DraftKings Inc. (Nasdaq: DKNG) today announced that online and mobile sports betting and onlin...

2 days ago - GlobeNewsWire

DraftKings (DKNG) Outpaces Stock Market Gains: What You Should Know

DraftKings (DKNG) closed the most recent trading day at $48.65, moving +1.19% from the previous trading session.

2 days ago - Zacks Investment Research

DraftKings Teams With Ethereum-Based Platform on NFT Drops

The digital sports gaming company DraftKings is working with the Ethereum-based scaling platform Polygon to support custom NFT drops on the DraftKings marketplace. As Seeking Alpha reported on Monday (O...

3 days ago - PYMNTS

NH Lottery and DraftKings Expand Retail Sports Betting in NH with New Dover Sportsbook

Manchester-based DraftKings Sportsbook at Filotimo opening sister location in Dover; new sportsbook to be third retail sportsbook in NH Manchester-based DraftKings Sportsbook at Filotimo opening sister ...

3 days ago - GlobeNewsWire

DraftKings NFTs Partnership Puts Polygon Crypto, DKNG Stock in Focus

The DraftKings NFTs partnership with Polygon is a big deal, as it will help the company continue to grow its booming token marketplace. The post DraftKings NFTs Partnership Puts Polygon Crypto, DKNG Sto...

3 days ago - InvestorPlace

DraftKings Enters Blockchain Agreement With Polygon

DraftKings Inc's (NASDAQ: DKNG) digital collectibles ecosystem, DraftKings Marketplace, is partnering with Polygon, an Ethereum-based scaling platform, to support custom NFT drops along with secondary-m...

3 days ago - Benzinga

Polygon and DraftKings Enter Into a Strategic Blockchain Agreement

DraftKings Able to Become a Validator on the Polygon Network DraftKings Able to Become a Validator on the Polygon Network

3 days ago - GlobeNewsWire

Michigan September Online Sports Betting Heats Up, DraftKings Passes $100M: Do Profits Matter?

The state of Michigan stayed hot in September and continued its trend of being one of the largest online sports betting markets in the country. What Happened: The state's online sports betting handle hi...

6 days ago - Benzinga

DraftKings to Release Third Quarter 2021 Results November 5

BOSTON, Oct. 15, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company”, “DraftKings”) today announced that it will release its third quarter 2021 results prior to 8:30AM EDT on November...

6 days ago - GlobeNewsWire

Vivid Seats Adds DraftKings As Investor: Here's The Details

A leading ticketing marketplace has added a big investor on its path to becoming public. What Happened: Vivid Seats, which is going public with Horizon Acquisition Corp (NYSE: HZAC), announced that Draf...

1 week ago - Benzinga

Is MGM Resorts the Big Winner If DraftKings Buys Entain?

The BetMGM sports betting and online gaming platform could be a point of contention.

Other symbols:MGM
1 week ago - The Motley Fool

7 Hypergrowth Stocks That Will Continue to Rally This Fall

Here are seven top hypergrowth stocks all long-term investors should consider as volatility once again picks up in the market. The post 7 Hypergrowth Stocks That Will Continue to Rally This Fall appeare...

1 week ago - InvestorPlace

4 Stocks I'm Watching This Week as Potential Buys

Can growth in the sports betting market push this company's stock price to new highs?

Other symbols:PSFESHOPSPOT
1 week ago - The Motley Fool

DraftKings Lands Deal With NHL: What Investors Should Know

Fresh off the start of the 2021-2022 National Hockey League season, the league announced a new official sports betting partner. What Happened: DraftKings Inc (NASDAQ: DKNG) was announced as an official ...

1 week ago - Benzinga

This Is Why DraftKings and Sofi Were on Fire on Monday

Analyst price targets are the reason, but how much more room is there for growth?

Other symbols:SOFI
1 week ago - The Motley Fool

DraftKings (DKNG) Gains As Market Dips: What You Should Know

DraftKings (DKNG) closed at $48.94 in the latest trading session, marking a +0.12% move from the prior day.

1 week ago - Zacks Investment Research

Best bets in gaming, a prescription for gains and navigating the chip wreck

In a special head-to-head edition of Rapid Fire: best bets in the gaming space, Evercore replaces Netflix with Facebook as a top pick and why Citi is bullish on some chips but not others. For access to ...

Other symbols:PENN
1 week ago - CNBC Television

DKNG Stock Is Getting a Huge Crypto Catalyst Thanks to Rob Gronkowski

DKNG stock is building on its fundamentals with a carefully coordinated foray into NFTs. The company is releasing rare new tokens this week.

1 week ago - InvestorPlace