Digital sports entertainment and gaming company DraftKings plans to enhance its in-play betting offering by acquiring Simplebet. The proposed transaction has been approved by the boards of directors of both companies but is subject to the receipt of required gaming regulatory approvals and other customary closing conditions, DraftKings said in a Wednesday (Aug. 28) press release. Simplebet provides micromarket pricing and content for sports betting, according to the release. The incorporation of its proprie ...

Investors will be looking for a strong finish to the year to lift the stock out of its slump. Shares of DraftKings (DKNG -3.81%) rocketed to a 52-week high of $49.57 earlier this year on the back of strong growth in the online sports betting market. Recent concerns over regulatory headwinds have pulled the stock well off its highs, but Macquarie analyst Chad Beynon has an outperform (buy) rating on the shares with a $50 price target. Is the stock a buy now? Why buy DraftKings stock Illinois is the latest st ...

The company has tailwinds building for next year. DraftKings (DKNG 3.22%) has been a strong performer over the past five years with the stock up over 250% during that stretch. However, the stock's momentum has stalled in 2024 with shares down slightly year to date. Nonetheless, the online sports betting operator continues to have a bright future in front of it. Let's look at three things investors should know about the company before buying the stock. How DraftKings makes money In simplest terms, DraftKings ...

A battle between DraftKings Inc DKNG bulls and bears could come down to EBITDA, surcharges and competition, an analyst says after the company and rival Flutter Entertainment FLUT have both now reported second-quarter financial results. The DraftKings Analyst: Needham analyst Bernie McTernan reiterated a Buy rating on DraftKings with a $60 price target. Read Also: DraftKings Q2 Earnings Highlights: Sports Betting Company Launches $1-Billion Buyback, Misses On Revenue, Beats On Earnings The Analyst Takeaways: ...

These are potentially underrated stocks to buy right now. If you don't have a lot of money to invest, you can still slowly build up your position in some great stocks. Investing $100 per month would total $1,200 over a full year. And if you were to continue to do that for approximately 21 years, you would have invested $25,000. Investing in good, growing businesses can be a great way to make the most of the money you save up and put into stocks. Three stocks which look unstoppable in the long run and which ...

NEW YORK, Aug. 16, 2024 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of DraftKings Inc. ("DraftKings" or "the Company") (NASDAQ: DKNG). Investors who purchased DraftKings securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/DKNG. Investigation Details On August 1, 2024, DraftKings issued a press release announcing its financial results for the sec ...

A sign hangs on the wall in the reception area at Fanduel Inc.'s offices in Edinburgh, U.K., on Tuesday, Feb. 7, 2017. Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company's FanDuel betting platform captures market share and grows revenue dramatically, even in well established states with sports betting and online gaming. But it was the declaration that FanDuel will not add a surcharge to offset an Illinois tax hike that grab ...

LOS ANGELES, Aug. 14, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or "the Company") (NASDAQ: DKNG) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. DraftKings issued a press release announcing its financial results for the sec ...

These companies still offer plenty of long-term upside for investors. The recent dip in the market indexes erased half the year's gains year to date, with the S&P 500 index up 9% on the year. But investors can take advantage of the sell-off to get better value on select companies with excellent growth prospects. Here's why three Motley Fool contributors believe DraftKings (DKNG -0.66%), Lyft (LYFT -3.08%), and Roku (ROKU -0.92%) are great stocks to buy right now. The momentum in online sports betting is rea ...

The market opportunity for DraftKings is growing rapidly, and the company has a market leader advantage. I'd be putting it lightly if I said it has been a roller coaster ride for DraftKings' (DKNG -3.95%) stock since its July 2019 initial public offering (IPO). After its IPO, the stock surged by over 600% in less than two years, and now it sits around 55% below its peak. Despite the ups and downs (which is normal for young growth stocks), I still believe in DraftKings' long-term potential. The business is s ...