Flutter Entertainment PLC (NYSE:FLUT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Flutter Entertainment PLC (NYSE:FLUT) have earned an average rating of “Moderate Buy” from the twenty-four research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $317.6667.

FLUT has been the subject of several recent analyst reports. Weiss Ratings downgraded Flutter Entertainment from a “hold (c-)” rating to a “sell (d-)” rating in a report on Thursday, November 13th. Needham & Company LLC lowered their target price on Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. BTIG Research dropped their target price on shares of Flutter Entertainment from $321.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Oppenheimer reduced their price target on shares of Flutter Entertainment from $350.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Finally, Bank of America reissued a “neutral” rating and set a $250.00 price objective (down previously from $325.00) on shares of Flutter Entertainment in a research report on Tuesday, November 4th.

Insider Activity

In other news, CEO Amy Howe sold 4,097 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $305.91, for a total value of $1,253,313.27. Following the sale, the chief executive officer directly owned 69,850 shares in the company, valued at $21,367,813.50. The trade was a 5.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Flutter Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of FLUT. Bank of New York Mellon Corp boosted its stake in Flutter Entertainment by 120.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 454,660 shares of the company’s stock valued at $129,924,000 after purchasing an additional 248,109 shares during the period. Jefferies Financial Group Inc. increased its position in Flutter Entertainment by 5.4% during the 1st quarter. Jefferies Financial Group Inc. now owns 18,163 shares of the company’s stock worth $3,995,000 after buying an additional 928 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Flutter Entertainment during the first quarter worth $1,700,000. Fortis Capital Advisors LLC acquired a new stake in shares of Flutter Entertainment during the second quarter worth $665,000. Finally, Corton Capital Inc. bought a new stake in shares of Flutter Entertainment in the second quarter valued at about $556,000.

Flutter Entertainment Trading Up 0.1%

FLUT opened at $193.38 on Thursday. The firm’s fifty day moving average is $247.45 and its two-hundred day moving average is $267.37. The firm has a market cap of $33.89 billion, a PE ratio of 95.26 and a beta of 1.84. Flutter Entertainment has a twelve month low of $189.40 and a twelve month high of $313.68. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.95 and a current ratio of 0.95.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data on Wednesday, November 12th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.87. The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $2.92 billion. Flutter Entertainment had a net margin of 2.96% and a return on equity of 12.15%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 EPS. Flutter Entertainment has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Flutter Entertainment will post 4.17 EPS for the current year.

Flutter Entertainment declared that its board has initiated a share buyback program on Friday, August 8th that permits the company to buyback $245.00 million in shares. This buyback authorization permits the company to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Flutter Entertainment Company Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.