Flutter Entertainment (NYSE:FLUT – Get Free Report) had its price target decreased by stock analysts at UBS Group from $130.00 to $120.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group‘s price objective indicates a potential upside of 47.19% from the stock’s previous close.
Several other research analysts have also recently weighed in on FLUT. Truist Financial dropped their price target on shares of Flutter Entertainment from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Needham & Company LLC reduced their price objective on Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. BTIG Research raised their target price on Flutter Entertainment from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company decreased their target price on Flutter Entertainment from $112.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Wolfe Research began coverage on Flutter Entertainment in a research report on Wednesday, September 2nd. They set an “outperform” rating and a $150.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Flutter Entertainment currently has an average rating of “Moderate Buy” and an average price target of $131.07.
Read Our Latest Report on FLUT
Flutter Entertainment Stock Performance
Shares of NYSE FLUT traded down $1.44 during midday trading on Thursday, hitting $81.53. 3,542,024 shares of the stock traded hands, compared to its average volume of 2,613,464. The firm has a market capitalization of $14.15 billion, a P/E ratio of -15.41, a PEG ratio of 2.92 and a beta of 1.27. Flutter Entertainment has a one year low of $72.56 and a one year high of $235.77. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a 50-day moving average of $85.47 and a two-hundred day moving average of $104.88.
Flutter Entertainment (NYSE:FLUT – Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.50). Flutter Entertainment had a positive return on equity of 7.27% and a negative net margin of 4.39%. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the previous year, the business posted $1.64 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that Flutter Entertainment will post 3.05 EPS for the current fiscal year.
Insider Activity at Flutter Entertainment
In related news, CEO Daniel Taylor sold 791 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total value of $77,407.26. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $55,290.90. Following the completion of the sale, the insider owned 20,441 shares of the company’s stock, valued at $2,000,356.26. The trade was a 2.69% decrease in their position. 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. Insiders have sold 6,681 shares of company stock worth $644,214 in the last 90 days. Company insiders own 0.13% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Parvus Asset Management Jersey Ltd purchased a new stake in Flutter Entertainment during the 2nd quarter valued at approximately $1,552,097,267. Hsbc Holdings PLC grew its stake in Flutter Entertainment by 33,988.7% during the first quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company’s stock valued at $575,185,000 after acquiring an additional 5,589,099 shares in the last quarter. Amundi increased its holdings in Flutter Entertainment by 463.7% in the 1st quarter. Amundi now owns 2,059,906 shares of the company’s stock valued at $210,007,000 after acquiring an additional 1,694,474 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Flutter Entertainment in the 1st quarter worth $40,562,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Flutter Entertainment in the 2nd quarter worth $9,881,000.
Flutter Entertainment News Summary
Here are the key news stories impacting Flutter Entertainment this week:
- Positive Sentiment: FanDuel’s betting handle rose 13%, a sign of customer activity that could help support future growth. FanDuel Handle Rises 13% as Flutter Cuts 2026 Revenue Outlook
- Positive Sentiment: Flutter plans to deliver $500 million in additional cost savings by 2029, which could help offset some pressure on earnings. Flutter cuts 2026 guidance and targets $500m more savings by 2029
- Neutral Sentiment: Analysts have reduced several price targets following the results, though some retained positive ratings. UBS, for example, cut its target to $120 but maintained a Buy rating. UBS analyst recommendations
- Negative Sentiment: Flutter missed Q3 revenue and EBITDA expectations and lowered its 2026 outlook. Reports cited unfavorable football results, tax changes and Brazil-related challenges, including an impairment, as factors weighing on performance. Flutter cuts 2026 outlook after Q3 loss Tax hike, football results and Brazil’s betting ban hit Flutter Entertainment
- Negative Sentiment: DraftKings’ sharp selloff after cutting its forecast also pressured Flutter and highlighted investor concern about competition and spending in prediction markets across the betting sector. DraftKings plunges on weak forecast and prediction-market spending
About Flutter Entertainment
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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