Pinpoint Asset Management Singapore Pte. Ltd. Buys 24,961 Shares of DraftKings Inc. $DKNG

Posted by Geri Gentry on Jun 13th, 2026

Pinpoint Asset Management Singapore Pte. Ltd. increased its stake in shares of DraftKings Inc. (NASDAQ:DKNG – Free Report) by 795.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 28,098 shares of the company’s stock after acquiring an additional 24,961 shares during the quarter. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in DraftKings were worth $968,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DKNG. Integrated Wealth Concepts LLC grew its stake in shares of DraftKings by 5.9% during the first quarter. Integrated Wealth Concepts LLC now owns 9,460 shares of the company’s stock valued at $314,000 after purchasing an additional 524 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of DraftKings by 1,141.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,044 shares of the company’s stock valued at $1,463,000 after purchasing an additional 40,495 shares during the last quarter. Empowered Funds LLC grew its stake in shares of DraftKings by 18.0% during the first quarter. Empowered Funds LLC now owns 9,115 shares of the company’s stock valued at $303,000 after purchasing an additional 1,391 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of DraftKings during the second quarter valued at approximately $603,000. Finally, Daiwa Securities Group Inc. grew its stake in shares of DraftKings by 2.2% during the second quarter. Daiwa Securities Group Inc. now owns 44,102 shares of the company’s stock valued at $1,892,000 after purchasing an additional 968 shares during the last quarter. 37.70% of the stock is owned by institutional investors.

Key Headlines Impacting DraftKings

Here are the key news stories impacting DraftKings this week:

Positive Sentiment: DraftKings is drawing bullish attention after Oppenheimer reiterated a Buy rating, reinforcing optimism around the company’s growth outlook. DraftKings (DKNG) Receives a Buy from Oppenheimer
Positive Sentiment: Investor enthusiasm picked up after DraftKings disclosed strong growth in its Predictions platform, with May volume reportedly surging and some articles calling it a potential new growth engine for the stock. Why DraftKings (DKNG) Stock Is Up Today
Positive Sentiment: DraftKings also benefited from World Cup-related optimism, with analysts saying it could be a clear winner as sports betting activity rises during the tournament and marketing spend ramps up. Intel surges on rare double upgrade, DraftKings scores ahead of World Cup
Positive Sentiment: Unusually heavy call-option buying and a strong weekly rally suggest traders are positioning for additional upside in DKNG. DKNG Bulls Are Eyeing A Breakout After Strongest Weekly Rally In 16 Months
Neutral Sentiment: Some commentary notes DraftKings’ prediction-market business is growing quickly but is still relatively small versus larger rivals, so the long-term opportunity remains early-stage. DraftKings: Prediction Market Potential Is Becoming Clearer
Negative Sentiment: JPMorgan cautioned that while May operating data showed progress, it does not yet point to immediate upside, which may temper some of the bullish momentum. DKNG Bulls Are Eyeing A Breakout After Strongest Weekly Rally In 16 Months

DraftKings Trading Down 3.4%

Shares of NASDAQ DKNG opened at $29.00 on Friday. The company’s 50 day simple moving average is $24.47 and its 200 day simple moving average is $27.57. DraftKings Inc. has a fifty-two week low of $20.46 and a fifty-two week high of $48.78. The firm has a market capitalization of $14.39 billion, a P/E ratio of 483.33 and a beta of 1.66. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.02 and a quick 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). The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. DraftKings had a net margin of 0.93% and a return on equity of 13.51%. The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) earnings per share. On average, analysts predict that DraftKings Inc. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

DKNG has been the topic of several research analyst reports. Guggenheim decreased their price target on shares of DraftKings from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Barclays increased their price objective on shares of DraftKings from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Raymond James Financial upgraded shares of DraftKings from a “market perform” rating to an “outperform” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered shares of DraftKings from a “hold” rating to a “hold” rating in a report on Friday, April 24th. Finally, New Street Research set a $29.00 price objective on shares of DraftKings in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.21.

Check Out Our Latest Analysis on DraftKings

Insider Buying and Selling at DraftKings

In other DraftKings news, insider R Stanton Dodge sold 62,500 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $29.68, for a total value of $1,855,000.00. Following the sale, the insider directly owned 556,258 shares in the company, valued at approximately $16,509,737.44. This trade represents a 10.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Woodrow Levin sold 34,234 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $25.71, for a total transaction of $880,156.14. Following the completion of the sale, the director owned 29,820 shares in the company, valued at approximately $766,672.20. This trade represents a 53.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 97,596 shares of company stock worth $2,756,991. Company insiders own 47.18% of the company’s stock.

DraftKings Profile

(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.