Flutter Entertainment PLC (NYSE:FLUT – Get Free Report) has received a consensus rating of “Moderate Buy” from the thirty-one analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $136.30.
FLUT has been the subject of a number of research reports. Rothschild & Co Redburn cut shares of Flutter Entertainment from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $169.00 to $119.00 in a report on Monday, September 21st. Wall Street Zen lowered shares of Flutter Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Citigroup raised shares of Flutter Entertainment from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $93.00 to $91.00 in a research report on Wednesday, October 7th. Jefferies Financial Group restated a “buy” rating and issued a $180.00 target price on shares of Flutter Entertainment in a research note on Sunday, August 9th. Finally, Truist Financial reduced their price objective on Flutter Entertainment from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th.
Read Our Latest Research Report on Flutter Entertainment
Insider Transactions at Flutter Entertainment
In other news, CEO Jeremy Jackson sold 2,112 shares of Flutter Entertainment stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $93.32, for a total transaction 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. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Don Liu sold 565 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total transaction of $55,290.90. Following the sale, the insider directly owned 20,441 shares of the company’s stock, valued at approximately $2,000,356.26. The trade was a 2.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 6,681 shares of company stock valued at $644,214. Corporate insiders own 0.13% of the company’s stock.
Hedge Funds Weigh In On Flutter Entertainment
Several large investors have recently bought and sold shares of the stock. Vise Technologies Inc. purchased a new stake in shares of Flutter Entertainment during the third quarter valued at approximately $206,000. Independence Bank of Kentucky increased its position in shares of Flutter Entertainment by 45.0% during the 3rd quarter. Independence Bank of Kentucky now owns 14,615 shares of the company’s stock valued at $1,089,000 after purchasing an additional 4,535 shares during the last quarter. Tidal Investments LLC increased its position in shares of Flutter Entertainment by 39.3% during the 2nd quarter. Tidal Investments LLC now owns 11,700 shares of the company’s stock valued at $1,195,000 after purchasing an additional 3,299 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Flutter Entertainment during the 2nd quarter valued at $119,000. Finally, Allworth Financial LP raised 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 purchasing an additional 349 shares during the period.
Flutter Entertainment Trading Up 4.5%
Flutter Entertainment stock opened at $82.76 on Thursday. The company has a market cap of $14.36 billion, a price-to-earnings ratio of -19.25, a P/E/G ratio of 2.75 and a beta of 1.39. The firm has a 50-day moving average of $87.11 and a 200-day moving average of $107.68. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment has a one year low of $72.56 and a one year high of $235.77.
Flutter Entertainment (NYSE:FLUT – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.05). Flutter Entertainment had a positive return on equity of 7.27% and a negative net margin of 4.39%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the prior year, the business earned $2.95 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts expect that Flutter Entertainment will post 3.35 earnings per share for the current fiscal year.
Flutter Entertainment Company Profile
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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