DRAFTKINGS INC.
At today's price, DRAFTKINGS INC. (DKNG) is priced for today's economics sustained for ~5.1 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
At about $26 (as of June 27, 2026) the price is the kind only the growth methods can reach. Asset, earnings-power, and peer-multiple frames all read the stock as richly valued; the bet is on durable compounding that those static frames cannot price. The inversion implies roughly 21% revenue growth and operating margin widening toward the mid-teens from today's 0.6%. The business has just crossed into GAAP profitability. First-quarter 2026 revenue rose 17% to $1.65 billion, net income was $21.1
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688 institutional managers reported holding DKNG in 13F filings for the quarter ended 2026-03-31. Together they hold about 70% of the company; the top 10 hold 35%. 80 opened new positions that quarter. Held by Vanguard Group, BlackRock, Capital Group (American Funds), among others. On the short side, 40.5M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (2.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
DKNG's share count grew 23.1% over the past five years even with $831.74M spent on repurchases. It pays no dividend. Cash returned over the past three years: $757.10M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at DKNG over the trailing three years: 2025: 2 buys totaling $1.06M; 2026: 1 buy totaling $2.19M. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
DKNG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | +5.0% | -6.6% |
| 2023-11-04 | +23.9% | -1.7% |
| 2024-02-17 | +1.6% | -8.7% |
| 2024-05-04 | 0.0% | -11.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
DKNG's latest 8-K filings: 2026-06-26 (items 7.01); 2026-06-09 (items 7.01); 2026-05-29 (items 5.02); 2026-05-15 (items 5.07); 2026-05-08 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 3, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.