Tuesday, March 30, 2021 12:39:30 PM
Mar. 30, 2021 10:22 AM ET
DraftKings Inc. (DKNG)
By: Clark Schultz, SA News Editor
The first impression from Jefferies analyst David Katz on DraftKings' (DKNG +0.7%) acquisition of VSiN is that it does not meaningfully alter the trajectory toward profitability near term, however positions DKNG for greater earnings power over the longer term.
"The acquisition of VSiN should expand the company's customer acquisition channel and in the long-run should help achieve greater CAC efficiency. We maintain that DKNG is very well positioned in US sports betting currently, with an established DFS presence, strong brand awareness, and first-mover advantages in many states. While marketing costs remain elevated in the near term, our valuation focus remains on the longer term," updates Katz.
It is noted that DraftKings is currently an official partner to the NBA, MLB, NFL, NASCAR, UFC, and PGA Tour and in has an existing partnership with ESPN in conjunction with Caesars.
I use both Fundamental and Technical Analysis.
Opinions posted by me are just that, my opinion.
Buy/sell any type of financial security is the sole
decision of the individual. Make your own sound
judgement or consult a professional licensed
advisor.
Recent DKNG News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/08/2024 08:09:47 PM
- DraftKings Reports First Quarter Revenue Growth of 53% to $1,175 million; Raises 2024 Revenue Guidance Midpoint to $4.9 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $500 Million • GlobeNewswire Inc. • 05/02/2024 08:15:00 PM
- Lori Kalani to Join DraftKings as First Chief Responsible Gaming Officer • GlobeNewswire Inc. • 04/22/2024 01:15:00 PM
- DraftKings to Release First Quarter 2024 Results on May 2, 2024 and Host Conference Call on May 3, 2024 • GlobeNewswire Inc. • 04/15/2024 08:30:00 PM
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- FedEx Soars 13% with Profits Above Forecasts, Nike Hit by China Slowdown, and Latest News • IH Market News • 03/22/2024 01:07:53 PM
- DraftKings and Kindbridge Behavioral Health Expand Program That Provides Treatment Resources for Individuals Experiencing Potential Indications of Problem Gaming • GlobeNewswire Inc. • 03/21/2024 07:31:33 PM
- DraftKings Announces Leadership Changes to Increase Focus on Operational Efficiencies • GlobeNewswire Inc. • 03/18/2024 08:15:00 PM
- DraftKings Launches “My Stat Sheet” – A New Tool to Promote Responsible Gaming • GlobeNewswire Inc. • 03/14/2024 11:30:00 AM
- DraftKings Set to Launch Mobile Sports Betting in North Carolina on March 11 • GlobeNewswire Inc. • 03/07/2024 07:18:55 PM
- DraftKings Announces Jason Robins’ Participation in Upcoming Event • GlobeNewswire Inc. • 03/06/2024 09:30:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/16/2024 12:16:00 PM
- Nike Workforce Reduction, The Trade Desk Soars 19% on $606 Million Revenue, and Latest News • IH Market News • 02/16/2024 11:08:22 AM
- DraftKings Reports Fourth Quarter Revenue of $1,231 Million; Raises 2024 Revenue Guidance Midpoint to $4.775 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $460 Million • GlobeNewswire Inc. • 02/15/2024 09:25:00 PM
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- DraftKings to Release Fourth Quarter and Full Year 2023 Results on February 15, 2024 and Host Conference Call on February 16, 2024 • GlobeNewswire Inc. • 01/26/2024 12:30:00 PM
- DraftKings Set to Launch Top-Rated Online Sportsbook in Vermont on January 11 • GlobeNewswire Inc. • 01/10/2024 12:30:00 PM
- Apple Boosts Vietnam Production, Broadcom Revenue Miss, Stellantis Job Cuts – Latest Updates • IH Market News • 12/08/2023 11:23:53 AM
- DraftKings Launches “Pick6”—A Peer-to-Peer Fantasy Sports Variant • GlobeNewswire Inc. • 12/06/2023 04:48:01 PM
- Coca-Cola® Zero Sugar Named Presenting Sponsor of the 5th Annual Sports Power Brunch: Celebrating the Most Powerful Women in Sports™ Honoring Sandra Douglass Morgan, Nicole Lynn, Nikki Fargas, and Stacey Allaster • PR Newswire (US) • 12/05/2023 04:00:00 PM
- DraftKings Announces Jason Robins’ Participation in Upcoming Event • GlobeNewswire Inc. • 12/01/2023 01:00:00 PM
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