The NFL season kicked off just last week, already providing sports bettors with some upsets.
LOS ANGELES, CA / ACCESSWIRE / September 9, 2024 / 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.
Online betting is a large and fast-growing business: as of 2023 the U.S. online gambling market was estimated to have revenue of around $11 billion, with an industry-wide compound annual growth rate through 2030 of an impressive 12%. The majority of American adults (55%) participated in at least one form of gambling in the last year and placed around $120 billion in legal sports bets.
DraftKings has investors betting on its success.
NEW YORK, NY / ACCESSWIRE / September 7, 2024 / Pomerantz LLP is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or the "Company") (NASDAQ:DKNG). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
LOS ANGELES, CA / ACCESSWIRE / September 7, 2024 / 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.
LOS ANGELES, CA / ACCESSWIRE / September 6, 2024 / 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.
NEW YORK, NY / ACCESSWIRE / September 5, 2024 / Pomerantz LLP is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or the "Company") (NASDAQ:DKNG). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
DraftKings' FY2024 guidance has been lowered, impacting its stock performance and investor's confidence, despite maintaining a leading market share and robust growth in the US gaming market. Recent acquisitions, including Jackpocket, Inc., are not immediately bottom-line accretive, contributing to a deteriorating balance sheet and mixed sentiments about DKNG's near-term prospects. The management's inaugural $1B share repurchase authorization reflects their confidence in the long-term outlook, despite the negative cash flows from operating activities over the last twelve months.
LOS ANGELES, CA / ACCESSWIRE / September 5, 2024 / 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 is one of our favorite stocks on the market. The company's growth, margins, and expansion opportunities are all extremely robust. Despite this, the company is trading at only 3.9x sales, which is a discount to historical multiples as well as other companies with similar financial profiles. There are risks around consumer spending and the broader macro situation, but we see an upside of ~100% to Fair Value, which should outweigh those concerns.
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