Flutter Entertainment (NYSE:FLUT – Get Free Report) had its target price boosted by equities researchers at Susquehanna from $100.00 to $101.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna‘s target price suggests a potential upside of 23.89% from the company’s current price.
A number of other research firms have also weighed in on FLUT. Wedbush cut their price objective on shares of Flutter Entertainment from $126.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, October 8th. Stifel Nicolaus set a $124.00 target price on shares of Flutter Entertainment in a research report on Wednesday. Sanford C. Bernstein lowered their target price on shares of Flutter Entertainment from $110.00 to $100.00 and set a “market perform” rating for the company in a research note on Tuesday. New Street Research set a $110.00 price target on Flutter Entertainment in a report on Thursday, September 3rd. Finally, Zacks Research lowered Flutter Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.07.
Flutter Entertainment Price Performance
Shares of FLUT traded down $1.44 during trading hours on Thursday, reaching $81.53. 3,542,024 shares of the company traded hands, compared to its average volume of 2,613,464. The stock has a market capitalization of $14.15 billion, a PE ratio of -15.41, a price-to-earnings-growth ratio of 2.92 and a beta of 1.27. The stock has a fifty day simple moving average of $85.47 and a 200 day simple moving average of $104.88. Flutter Entertainment has a fifty-two week low of $72.56 and a fifty-two week high of $235.77. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.32.
Flutter Entertainment (NYSE:FLUT – Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.50). The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.99 billion. Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 EPS. As a group, research analysts predict that Flutter Entertainment will post 3.05 EPS for the current fiscal year.
Insider Buying and Selling at Flutter Entertainment
In related news, CEO Jeremy Jackson sold 2,112 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $93.32, for a total value of $197,091.84. Following the sale, the chief executive officer directly owned 72,214 shares of the company’s stock, valued at approximately $6,739,010.48. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Daniel Taylor sold 791 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total transaction of $77,407.26. Following the completion of the sale, the chief executive officer directly owned 52,467 shares in the company, valued at $5,134,420.62. This represents a 1.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 6,681 shares of company stock worth $644,214. 0.13% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Flutter Entertainment
Hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its holdings in Flutter Entertainment by 286.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 52,805 shares of the company’s stock valued at $5,383,000 after acquiring an additional 39,133 shares during the last quarter. Sei Investments Co. grew its position in Flutter Entertainment by 28.7% during the first quarter. Sei Investments Co. now owns 74,851 shares of the company’s stock valued at $7,631,000 after acquiring an additional 16,682 shares during the period. Delta Global Management LP acquired a new stake in Flutter Entertainment during the first quarter worth about $1,461,000. Parvus Asset Management Jersey Ltd acquired a new stake in Flutter Entertainment during the second quarter worth about $1,552,097,267. Finally, HughesLittle Investment Management Ltd. raised its holdings in shares of Flutter Entertainment by 34.8% in the 1st quarter. HughesLittle Investment Management Ltd. now owns 329,440 shares of the company’s stock worth $33,586,000 after purchasing an additional 85,050 shares during the period.
Trending Headlines about Flutter Entertainment
Here are the key news stories impacting Flutter Entertainment this week:
- Positive Sentiment: FanDuel’s betting handle rose 13%, a sign of customer activity that could help support future growth. FanDuel Handle Rises 13% as Flutter Cuts 2026 Revenue Outlook
- Positive Sentiment: Flutter plans to deliver $500 million in additional cost savings by 2029, which could help offset some pressure on earnings. Flutter cuts 2026 guidance and targets $500m more savings by 2029
- Neutral Sentiment: Analysts have reduced several price targets following the results, though some retained positive ratings. UBS, for example, cut its target to $120 but maintained a Buy rating. UBS analyst recommendations
- Negative Sentiment: Flutter missed Q3 revenue and EBITDA expectations and lowered its 2026 outlook. Reports cited unfavorable football results, tax changes and Brazil-related challenges, including an impairment, as factors weighing on performance. Flutter cuts 2026 outlook after Q3 loss Tax hike, football results and Brazil’s betting ban hit Flutter Entertainment
- Negative Sentiment: DraftKings’ sharp selloff after cutting its forecast also pressured Flutter and highlighted investor concern about competition and spending in prediction markets across the betting sector. DraftKings plunges on weak forecast and prediction-market spending
About Flutter Entertainment
Flutter Entertainment plc is a global sports betting and online gaming company headquartered in Dublin, Ireland. The company operates a portfolio of betting, gaming, poker and daily fantasy sports brands, serving customers through online platforms, mobile applications and, in some markets, retail locations.
Its principal brands include FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, Sky Bet in the United Kingdom, PokerStars internationally, and Sisal and SNAI in Italy.
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