Yes, it is unforunate that they have a long history of heavy insider selling. I don't follow Draftkings too closely, but the Director trading caught my eye.
At the very least, their quarterly results provided some insight into what we might expect from ours. |
Agreed vraetorian although DraftKings have a long history of very meaty insider selling from Jason Robins et al. I’m not a shareholder but I follow a chat thread of theirs and it regularly contains serious negative comments on this point. |
Matthew Kalish, Director, President - North America, on February 20, 2025, sold 587,585 shares in DraftKings DKNG for $27,645,609.
Usually, when the Head of a company sells.. the market follows. Especially, when its a large percentage of his current holdings in the company. He holds Class A common shares of the company, with 4,121,673 shares held directly and 196,279 controlled indirectly. |
Analyst Estimates for Tue 04 Mar'25 (After Market Close)
Quarterly
Earnings: 1.962
Revenue: 3.74B
Annual For 2024
Earnings: 5.14
Revenue: 14.01B |
Gone big at the death Michigan FanDuel Jan 86m combined sports & icasino (previous high 66m)& against all odds it turns out NY sports only was highest ever also as well as decent SB As was NJ icasino (sports was down on a high comparison) Confident outlook statement guaranteed |
Share price plunged like the proverbial stone today… far worse in last few hours in US markets. Let’s hope for a brighter week from Monday.
New York data for week ending 16th Feb
DK $160.8m handle $6.8m (4.2%) hold
FD $159.9m handle $17m (10.6%) hold |
Almost 3.9 million shares traded in the US. |
DKNG up 15.16% |
New York State week ending 9th Feb
DK $194m handle $17.2m (8.9%) hold
FD $222m handle $33.8m (15.2%) hold - 2nd highest weekly hold of all time in NY.
Fanatics $39.8m handle $4.3m (10.8%) hold
ESPN nowhere |
DraftKings’ Chief Financial Officer. “With strong underlying health across our core value drivers, we are raising the midpoint of our fiscal year 2025 revenue guidance to $6.45 billion from $6.4 billion and reaffirming our fiscal year 2025 Adjusted EBITDA guidance range of $900 million to $1.0 billion.”
Atm, Draftkings is up 6% in Post-Market trading.
Which is good news for Flutter.
Today, FLUT closed at 282.22, and is up $293.00 in Post-market. |
Feb 12, 202510:37 PST
"Draftkings Likely to Keep Guidance Unchanged Despite Big Super Bowl — Market Talk"
Draftkings earnings will be reported tomorrow after Market close. (Feb 13th,2025) |
Major rally in the Flutter share price on the NYSE this evening… we should open around £5-6 higher tomorrow. |
Ohio Governor seeking to raise sportsbook tax from 20 to 40% (he led the previous doubling from 10-20% fairly recently). Will be a rough day for the Flutter share price. |
$14m hold in New York last week from a $210m handle (lowest total hold for 14 weeks). Could have been worse bearing in mind the NFL (high) scores but this does set the quarter back (no pun intended) a touch. I hope my thread nemesis will finally acknowledge he has erred …yes???? |
The first PT cut I've seen on Flutter. May be a slow year for the stock- We'll see...
Jan 29, 202504:46 PST
MoffettNathanson Cuts Price Target on Flutter Entertainment to $310 From $320, Keeps Buy Rating
Jan 28, 202506:27 PST
(14:27 GMT) Flutter Entertainment Price Target Raised to $335.00/Share From $320.00 by UBS |
I’m afraid stateside outcome will not be strong for the weekend just gone… wish you were right on that as would have built on a strong start to the quarter. |
Chutzpah with a capital C hereAll 4 favs failed to win in English football yesterday & the 2 underdogs had 71pc & 69pc of the money on them in the Super Bowl semis last night again adding to what is looking like a strong Jan across both sides |
I can only step back and admire your hutzpah Whitehouse!
Moving on - likely poor NFL night yesterday with both high scoring matches and many touchdowns. Many Parlay bets will have been landed … although KC Chiefs victory at least (hopefully) ensures Taylor Swift will be at the Super Bowl which perhaps broadens the scope to add new accounts. |
Another 30m in NYMaking 3 x 30m in last 4 weeks = 4,5 & 6th best weeks ever seen in NY |
“Flutter Entertainment is actively considering submitting a bid to run Italy’s main lottery licence, after authorities formally pressed the start button on the process in recent weeks, according to sources.
The Italian Agency for Customers and Monopolies, which oversees gambling regulation, estimates the nine-year lottery contract will have a gross value of €4.3 billion, according to documents published this month” |
Jan 17, 2025 04:43 PST
Stifel Initiates Flutter Entertainment at Buy With $320 Price Target
FLUT has an average rating of buy and mean price target of $310.85, according to analysts |
FD now gone live in Puerto Rico Doubled up from 80 notes in a year a couple years back, while on LSE, & suits could get on the black stuff after work. |
New York week ending 12th Jan - Total handle $561m
DK $191.3m handle $20.4m hold (10.7%)
FD $218m handle $30m hold (13.8% hold - 48% hold market share but still $3m lower hold than same week in 2024)
Bet MGM came 3rd on hold with $3.7m |
Agreed Jam62 on the shift to primary listing in US. We should acknowledge Fanduel’s incredible success in the high margin NFL parlay market brings a fairly shocking level of volatility. This has come home to roost in Q4 where the gargantuan hit to quarterly EBITDA is likely to be much higher than the competitors. That said, this is a “feature not a bug” (term stolen from the EKG line) and should bring outsized profits in other quarters IF the maths is right… which I believe it is (NFL playoffs so far have been great for the books). Importantly, investors/market seem to have accepted this argument hence the lack of market reaction…time will tell. |
Blimey, have you not noticed the huge re-rating that has materialised since moving the principal listing from London to the U.S.? |
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