Flutter Entertainment PLC (NYSE:FLUT) Stock Has Average Target Price of $155.37

Flutter Entertainment PLC (NYSE:FLUT) has received an average rating of “Moderate Buy” from the thirty-one analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, seventeen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $144.70.

A number of brokerages have recently issued reports on FLUT. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Flutter Entertainment in a report on Thursday, September 3rd. Wolfe Research began coverage on shares of Flutter Entertainment in a report on Wednesday, September 2nd. They set an “outperform” rating and a $150.00 price objective for the company. Freedom Capital upgraded shares of Flutter Entertainment to a “hold” rating in a research report on Monday, June 22nd. Citigroup upgraded shares of Flutter Entertainment from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $93.00 to $91.00 in a report on Wednesday. Finally, Barclays cut their target price on shares of Flutter Entertainment from $151.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th.

Key Flutter Entertainment News

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

• Positive Sentiment: Citigroup upgraded Flutter to “buy” from “neutral” and set a $91 price target. The upgrade follows the recent decline in FLUT shares, with Citi reportedly characterizing concerns about a potential Brazilian online-gambling ban as overblown. Citigroup upgrades Flutter Entertainment to buy from neutral Flutter Stock Heads for Worst Year Ever While Reasons for Its Recent Weakness Are Overblown
• Positive Sentiment: Wedbush maintained its “outperform” rating despite lowering its price target to $110 from $126. The revised target still implied roughly 34% upside from the referenced $81.91 price, signaling that the firm views the selloff as an opportunity despite reducing its valuation assumptions. Wedbush Cuts Price Target on Flutter Entertainment to $110 From $126
• Positive Sentiment: Recent bullish commentary points to resilient international operations, stronger customer engagement and additional investment in FanDuel. Analysts also cited potential benefits from prediction markets and approximately $500 million in planned cost savings, which could support longer-term earnings recovery. Flutter Entertainment: We Double Down
• Neutral Sentiment: Coverage of Flutter’s technology hub and the broader gaming investment case provides additional strategic context, but the reports do not identify a major new financial catalyst. Flutter’s Tech Hub Comments and the ASX Gaming Investment Case
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Flutter investors. Although the announcement does not establish wrongdoing, such investigations can add legal and reputational uncertainty and weigh on investor sentiment. Pomerantz Investor Alert

Flutter Entertainment Stock Up 8.0%

Flutter Entertainment stock opened at $81.91 on Friday. Flutter Entertainment has a 12 month low of $73.50 and a 12 month high of $255.26. The stock has a fifty day simple moving average of $93.48 and a two-hundred day simple moving average of $100.26. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The firm has a market cap of $14.21 billion, a price-to-earnings ratio of -19.05, a PEG ratio of 2.44 and a beta of 1.39.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the previous year, the company earned $2.95 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts predict that Flutter Entertainment will post 3.48 EPS for the current fiscal year.

Insider Transactions at Flutter Entertainment

In other Flutter Entertainment news, CEO Daniel Taylor sold 791 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $77,407.26. Following the transaction, the chief executive officer owned 52,467 shares of the company’s stock, valued at approximately $5,134,420.62. This represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Jackson sold 2,112 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $93.32, for a total value of $197,091.84. Following the completion of the transaction, the chief executive officer directly owned 72,214 shares in the company, valued at $6,739,010.48. The trade was a 2.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 6,681 shares of company stock worth $644,214. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Flutter Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the business. LM Advisors LLC bought a new stake in Flutter Entertainment during the fourth quarter valued at approximately $46,000. Parallel Advisors LLC raised its position in Flutter Entertainment by 489.7% in the first quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock worth $47,000 after acquiring an additional 382 shares during the period. CX Institutional raised its position in Flutter Entertainment by 729.7% in the second quarter. CX Institutional now owns 531 shares of the company’s stock worth $54,000 after acquiring an additional 467 shares during the period. Allworth Financial LP boosted its stake in shares of Flutter Entertainment by 167.8% during the 2nd quarter. Allworth Financial LP now owns 557 shares of the company’s stock worth $57,000 after acquiring an additional 349 shares during the last quarter. Finally, Solstein Capital LLC purchased a new position in shares of Flutter Entertainment during the 4th quarter worth $127,000.

Flutter Entertainment Company Profile

Flutter Entertainment plc is a global sports betting and online gaming company headquartered in Dublin, Ireland. The company provides online and retail betting, casino, poker, bingo and lottery-related products through a portfolio of brands serving customers in multiple regulated markets.

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, Sisal in Italy and other markets, and tombola, an online bingo operator.