Flutter Entertainment (NYSE:FLUT) Shares Gap Up – What’s Next?

Shares of Flutter Entertainment PLC (NYSE:FLUT) gapped up before the market opened on Monday . The stock had previously closed at $104.81, but opened at $114.85. Flutter Entertainment shares last traded at $111.9940, with a volume of 674,249 shares changing hands.

Flutter Entertainment News Roundup

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Legislative catalyst — a bipartisan Senate bill aiming to ban sports contracts on prediction-market exchanges would remove a growing unregulated competitor class and strengthen licensed operators like FanDuel, improving Flutter’s U.S. growth and margin outlook. Regulatory Jackpot: Gaming Stocks Surge on a Surprise Bill
• Positive Sentiment: Market reaction — multiple outlets (MarketWatch, MSN, Benzinga) report immediate share rallies for DraftKings and Flutter after the bill news, signifying investor belief the legislation improves incumbents’ pricing power and market share. DraftKings, Flutter Rise on Bill to Ban Sports Betting on Prediction-Market Exchanges
• Positive Sentiment: Buyback signal — Flutter has cancelled 179,729 shares as its U.S. buyback accelerates, which is a capital-allocation signal that can support the share price over time. Flutter cancels 179,729 shares as U.S. buyback gathers pace
• Neutral Sentiment: Sector context — coverage comparing Flutter with peers (e.g., Take-Two) highlights differing growth/valuation profiles; useful for relative-value investors but not an immediate price driver. Analyzing Take-Two Interactive Software (NASDAQ:TTWO) and Flutter Entertainment (NYSE:FLUT)
• Neutral Sentiment: Market skepticism — some commentators caution the rally may be short-lived because legislation still needs to pass and prediction-market demand/innovation drivers remain intact. That keeps risk elevated. Monday’s rally in Entain and Flutter may not survive contact with reality
• Negative Sentiment: Valuation and fundamentals concern — recent analysis flags steep share-price declines, a missed quarterly EPS and revenue shortfall (Feb. 26), and stretched moving averages, all of which fuel near-term downside risk if catalysts fail to materialize. Flutter Entertainment (NYSE:FLUT) Valuation Check After Steep Share Price Declines

Wall Street Analyst Weigh In

A number of research firms recently commented on FLUT. Craig Hallum cut shares of Flutter Entertainment from a “buy” rating to a “hold” rating and set a $200.00 target price for the company. in a research report on Wednesday, January 21st. Needham & Company LLC decreased their price objective on Flutter Entertainment from $300.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 27th. UBS Group lowered their price objective on Flutter Entertainment from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Citizens Jmp reduced their target price on Flutter Entertainment from $275.00 to $195.00 and set a “market outperform” rating on the stock in a research report on Friday, February 27th. Finally, Barclays decreased their price target on Flutter Entertainment from $304.00 to $225.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $234.65.

Flutter Entertainment Price Performance

The firm has a market cap of $18.91 billion, a PE ratio of -59.93, a price-to-earnings-growth ratio of 0.74 and a beta of 2.30. The stock has a 50 day simple moving average of $137.65 and a two-hundred day simple moving average of $200.18. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.95 and a current ratio of 0.95.

Flutter Entertainment (NYSE:FLUT) last issued its earnings results on Thursday, February 26th. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.37). The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.87 billion. Flutter Entertainment had a positive return on equity of 12.12% and a negative net margin of 1.89%.The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.94 EPS. Sell-side analysts expect that Flutter Entertainment PLC will post 4.17 earnings per share for the current year.

Flutter Entertainment declared that its Board of Directors has initiated a share buyback plan on Wednesday, March 11th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Flutter Entertainment

In other news, CEO Amy Howe sold 8,895 shares of Flutter Entertainment stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $105.91, for a total transaction of $942,069.45. Following the completion of the transaction, the chief executive officer directly owned 78,889 shares of the company’s stock, valued at $8,355,133.99. The trade was a 10.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeremy Peter Jackson sold 4,326 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $108.00, for a total transaction of $467,208.00. Following the completion of the transaction, the chief executive officer owned 36,788 shares of the company’s stock, valued at approximately $3,973,104. This represents a 10.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,834 shares of company stock valued at $1,900,331 in the last 90 days. 0.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FLUT. MassMutual Private Wealth & Trust FSB raised its holdings in Flutter Entertainment by 219.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock worth $25,000 after purchasing an additional 79 shares during the period. JFS Wealth Advisors LLC purchased a new stake in shares of Flutter Entertainment in the third quarter valued at approximately $27,000. Zions Bancorporation National Association UT increased its position in shares of Flutter Entertainment by 1,685.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 118 shares in the last quarter. JCIC Asset Management Inc. acquired a new position in shares of Flutter Entertainment during the 3rd quarter worth approximately $32,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Flutter Entertainment during the 3rd quarter valued at approximately $34,000.

Flutter Entertainment Company Profile

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.