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In a recent transaction, Don Kornstein, a director at Caesars Entertainment, Inc. (NASDAQ:CZR), acquired 4,000 shares of the company’s common stock. The purchase, which took place on March 7, 2025, was executed at a price of $27 per share, amounting to a total investment of $108,000. The timing appears strategic, as the stock is currently trading near its 52-week low of $26.92, with technical indicators suggesting oversold conditions according to InvestingPro analysis.
Following this acquisition, Kornstein’s direct ownership in Caesars Entertainment now stands at 56,255 shares. Additionally, he holds an indirect ownership of 6,500 shares through a trust. The transaction reflects continued confidence in the company’s prospects amidst the dynamic landscape of the hospitality industry. With analyst price targets ranging from $30 to $62 and the stock currently appearing undervalued based on InvestingPro’s Fair Value model, investors seeking deeper insights into insider trading patterns and valuation metrics can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Caesars Entertainment has launched the first branded version of Pixiu Gaming’s Keno, titled Caesars Palace Bonus Draw Keno, on its online platforms. This new game is available on Caesars Palace Online Casino (EPA:CASP), Horseshoe Online Casino, and Caesars Sportsbook & Casino in New Jersey and Ontario. Meanwhile, several analysts have provided updates on Caesars’ stock ratings. Stifel continues to rate Caesars as a Buy with a target of $51, citing growth potential despite some challenges in Las Vegas and regional markets. TD Cowen also maintains a Buy rating with a $48 target, noting the potential value creation from a possible digital spin-off. CFRA has upgraded Caesars from Sell to Hold, raising the price target to $39, reflecting expectations of stable trading as the company addresses its financial obligations. JMP maintains its Market Outperform rating with a $53 target, despite mixed results, and highlights a positive outlook for Caesars’ Las Vegas and regional markets in 2025. Caesars reported fourth-quarter earnings with normalized earnings per share at ($0.47) and revenues of $2.80 billion, slightly below expectations.
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