Flutter Entertainment PLC (NYSE:FLUT – Get Free Report) COO James Philip Bishop acquired 1,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $99.75 per share, with a total value of $99,750.00. Following the completion of the transaction, the chief operating officer owned 17,605 shares of the company’s stock, valued at approximately $1,756,098.75. The trade was a 6.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Flutter Entertainment Stock Performance
FLUT opened at $93.70 on Friday. Flutter Entertainment PLC has a 12-month low of $92.02 and a 12-month high of $313.68. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of -43.78, a PEG ratio of 1.19 and a beta of 1.58. The business has a 50 day moving average of $105.79 and a 200-day moving average of $160.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.27.
Flutter Entertainment (NYSE:FLUT – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.13. Flutter Entertainment had a positive return on equity of 11.60% and a negative net margin of 2.20%.The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period last year, the firm posted $1.59 earnings per share. The business’s revenue was up 17.4% on a year-over-year basis. On average, equities research analysts expect that Flutter Entertainment PLC will post 5.14 earnings per share for the current year.
Flutter Entertainment News Roundup
Here are the key news stories impacting Flutter Entertainment this week:
- Positive Sentiment: CEO Daniel Mark Taylor and director Carolan Lennon bought shares this week, adding to a cluster of insider purchases that can signal management believes FLUT is undervalued after its sharp selloff. Article title
- Positive Sentiment: Several articles highlighted that analysts still broadly rate Flutter a buy or outperform name, with some pointing to meaningful upside if FanDuel recovery continues and the company executes on its buyback program. Article title
- Positive Sentiment: Flutter’s board has also been using its $250 million repurchase authorization, and recent share cancellations reinforce the company’s capital-return story. Article title
- Neutral Sentiment: One report framed Flutter as affected by broader NYSE Composite sentiment, which is more of a market-wide backdrop than a company-specific catalyst. Article title
- Neutral Sentiment: Coverage of a management reshuffle is drawing attention to CEO Peter Jackson, but the leadership review is still a process story rather than a clear operating update. Article title
- Negative Sentiment: Investors remain focused on the post-earnings selloff, which was tied to a Q1 miss, concern that U.S. profit targets may be too ambitious, and worries about FanDuel performance. Article title
- Negative Sentiment: Reporting that BlackRock bought more Flutter shares raised the possibility of a London delisting, adding another layer of uncertainty around the company’s structure and future market access. Article title
Institutional Trading of Flutter Entertainment
Several hedge funds have recently added to or reduced their stakes in the company. Makena Capital Management LLC bought a new position in shares of Flutter Entertainment in the third quarter worth $11,517,000. TimesSquare Capital Management LLC increased its position in shares of Flutter Entertainment by 294.1% in the third quarter. TimesSquare Capital Management LLC now owns 378,878 shares of the company’s stock worth $96,235,000 after purchasing an additional 282,736 shares during the period. AGF Management Ltd. bought a new position in shares of Flutter Entertainment in the third quarter worth $9,519,000. Mutual of America Capital Management LLC bought a new position in shares of Flutter Entertainment in the third quarter worth $2,173,000. Finally, Federated Hermes Inc. bought a new position in shares of Flutter Entertainment in the third quarter worth $169,777,000.
Wall Street Analysts Forecast Growth
FLUT has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price objective on Flutter Entertainment from $164.00 to $161.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Benchmark dropped their price target on Flutter Entertainment from $175.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Barclays dropped their price target on Flutter Entertainment from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Moffett Nathanson cut Flutter Entertainment from a “buy” rating to a “neutral” rating and set a $127.00 price target for the company. in a report on Friday, April 24th. Finally, UBS Group dropped their price target on Flutter Entertainment from $300.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $189.26.
Read Our Latest Stock Analysis on Flutter Entertainment
Flutter Entertainment Company Profile
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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