Zacks Research cut shares of Flutter Entertainment (NYSE:FLUT – Free Report) from a hold rating to a strong sell rating in a research note released on Tuesday morning,Zacks.com reports.
Several other brokerages have also issued reports on FLUT. Barclays lifted their target price on shares of Flutter Entertainment from $150.00 to $151.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Citizens Jmp reduced their target price on Flutter Entertainment from $165.00 to $159.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 8th. Weiss Ratings restated a “sell (d)” rating on shares of Flutter Entertainment in a research report on Wednesday, May 27th. Needham & Company LLC cut their price objective on Flutter Entertainment from $150.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Citigroup reissued an “outperform” rating on shares of Flutter Entertainment in a report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.39.
Read Our Latest Research Report on Flutter Entertainment
Flutter Entertainment Price Performance
Flutter Entertainment (NYSE:FLUT – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.05). Flutter Entertainment had a negative net margin of 2.20% and a positive return on equity of 11.60%. The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the previous year, the business earned $2.95 EPS. The business’s revenue was up 3.3% on a year-over-year basis. On average, research analysts expect that Flutter Entertainment will post 4.72 EPS for the current fiscal year.
Insider Transactions at Flutter Entertainment
In other news, insider Don H. Liu purchased 1,459 shares of the business’s stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $102.78 per share, with a total value of $149,956.02. Following the acquisition, the insider directly owned 22,265 shares in the company, valued at approximately $2,288,396.70. The trade was a 7.01% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John A. Bryant acquired 1,950 shares of the stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of $102.86 per share, with a total value of $200,577.00. Following the completion of the purchase, the director owned 9,235 shares of the company’s stock, valued at approximately $949,912.10. The trade was a 26.77% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 10,453 shares of company stock valued at $1,045,526 and have sold 5,994 shares valued at $577,293. Company insiders own 0.13% of the company’s stock.
Institutional Investors Weigh In On Flutter Entertainment
A number of large investors have recently made changes to their positions in the business. Versant Capital Management Inc lifted its stake in Flutter Entertainment by 145.2% in the second quarter. Versant Capital Management Inc now owns 1,231 shares of the company’s stock worth $126,000 after acquiring an additional 729 shares during the period. CX Institutional raised its stake 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 buying an additional 467 shares in the last quarter. Pacer Advisors Inc. boosted its position in Flutter Entertainment by 66.8% during the 1st quarter. Pacer Advisors Inc. now owns 2,887 shares of the company’s stock valued at $294,000 after acquiring an additional 1,156 shares in the last quarter. DV Trading LLC grew its holdings in shares of Flutter Entertainment by 609.4% during the 1st quarter. DV Trading LLC now owns 2,036 shares of the company’s stock worth $208,000 after acquiring an additional 1,749 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Flutter Entertainment by 489.7% in the 1st quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock valued at $47,000 after purchasing an additional 382 shares during the period.
Flutter Entertainment News Roundup
Here are the key news stories impacting Flutter Entertainment this week:
- Positive Sentiment: Second-quarter revenue increased 3.3% year over year to $4.33 billion, exceeding analyst expectations of approximately $4.24 billion. The result indicates continued top-line growth despite pressure in the company’s U.S. operations. Flutter Entertainment Announces Q2 2026 Financial Results
- Positive Sentiment: BTIG maintained a “buy” rating, although it reduced its price target from $120 to $113, implying substantial potential upside based on the referenced trading level. BTIG price-target update
- Neutral Sentiment: Dan Taylor, currently a Flutter executive, will become group CEO on October 1, 2026. Peter Jackson will leave the CEO role and Flutter’s board on September 30 after roughly nine years leading the company. Taylor’s familiarity with the business may provide continuity, but investors will assess whether he can improve U.S. sports-betting performance. Flutter Board announces CEO transition
- Negative Sentiment: Adjusted earnings per share came in at $0.49, below the approximately $0.54 consensus estimate and sharply below $2.95 a year earlier. The earnings shortfall, along with reports that the company swung to a loss, weighed heavily on sentiment. Flutter Entertainment Q2 Earnings Lag Estimates
- Negative Sentiment: Flutter lowered its 2026 profit outlook again and issued revenue guidance of $17.4 billion to $18.4 billion, with the midpoint below the roughly $18.3 billion analyst expectation. Management cited continued weakness in the U.S. sports-betting business, increasing concerns about near-term growth and profitability. Flutter CEO to Step Down as U.S. Sports-Betting Business Falters
About Flutter Entertainment
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.
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