Woodrow Levin Sells 34,234 Shares of DraftKings (NASDAQ:DKNG) Stock

Posted by Brenda Bartman on May 19th, 2026

DraftKings Inc. (NASDAQ:DKNG – Get Free Report) Director Woodrow Levin sold 34,234 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $25.71, for a total value of $880,156.14. Following the sale, the director directly owned 29,820 shares of the company’s stock, valued at $766,672.20. The trade was a 53.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

DraftKings Stock Performance

NASDAQ DKNG traded down $0.24 on Tuesday, hitting $25.54. 8,190,885 shares of the stock traded hands, compared to its average volume of 14,391,479. The business’s fifty day moving average is $23.68 and its two-hundred day moving average is $28.07. DraftKings Inc. has a 12 month low of $20.46 and a 12 month high of $48.78. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 425.67 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 (NASDAQ:DKNG – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). DraftKings had a net margin of 0.93% and a return on equity of 13.51%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the company posted ($0.07) earnings per share. DraftKings’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, equities analysts anticipate that DraftKings Inc. will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On DraftKings

Large investors have recently made changes to their positions in the stock. Dagco Inc. bought a new position in shares of DraftKings in the fourth quarter worth $26,000. Ameriflex Group Inc. boosted its holdings in shares of DraftKings by 100.0% in the third quarter. Ameriflex Group Inc. now owns 810 shares of the company’s stock worth $30,000 after acquiring an additional 405 shares during the period. Root Financial Partners LLC bought a new position in shares of DraftKings in the third quarter worth $33,000. Asset Dedication LLC bought a new position in shares of DraftKings in the third quarter worth $37,000. Finally, AlphaQuest LLC bought a new position in shares of DraftKings in the third quarter worth $41,000. 37.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BNP Paribas Exane assumed coverage on DraftKings in a report on Thursday, May 14th. They set an “underperform” rating and a $20.00 price objective for the company. Bank of America reduced their price objective on DraftKings from $37.50 to $30.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Susquehanna reduced their price objective on DraftKings from $33.00 to $32.00 and set a “positive” rating for the company in a report on Tuesday, March 31st. BTIG Research increased their price objective on DraftKings from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Oppenheimer reduced their price objective on DraftKings from $50.00 to $35.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Twenty-seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.32.

Check Out Our Latest Analysis on DKNG

About DraftKings

(Get Free Report)

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.