Flutter Entertainment PLC (NYSE:FLUT – Get Free Report) CEO Daniel Taylor sold 791 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total transaction of $77,407.26. Following the completion of the sale, the chief executive officer owned 52,467 shares of the company’s stock, valued at approximately $5,134,420.62. This trade represents a 1.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Flutter Entertainment Price Performance
Flutter Entertainment stock opened at $100.32 on Friday. Flutter Entertainment PLC has a 52 week low of $89.71 and a 52 week high of $297.23. The company’s 50 day moving average price is $102.65 and its two-hundred day moving average price is $104.73. The stock has a market cap of $17.41 billion, a P/E ratio of -23.33, a P/E/G ratio of 2.54 and a beta of 1.26. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.32.
Flutter Entertainment (NYSE:FLUT – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.24 billion. Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.95 EPS. On average, equities analysts predict that Flutter Entertainment PLC will post 3.48 earnings per share for the current year.
Flutter Entertainment News Roundup
- Positive Sentiment: Wolfe Research initiated coverage with an “outperform” rating and a $150 price target. The target implies significant upside from recent trading levels and provides a fresh bullish catalyst for FLUT, reinforcing the view that Flutter’s digital brands and U.S. operations can drive future growth. Wolfe Research initiates coverage of Flutter Entertainment
- Neutral Sentiment: Several senior executives sold shares to cover tax withholding obligations tied to vested equity awards. The CFO, COO and CEOs Jeremy Jackson and Daniel Taylor, along with insider Don Liu, sold a combined roughly $447,000 of stock. Because the sales were not described as discretionary, they are less concerning as a confidence signal, although the cluster of transactions may attract investor attention. Flutter Entertainment insider share sale
- Negative Sentiment: Flutter is reviewing up to 100 Paddy Power betting shops for possible closure, potentially affecting about 400 jobs. The review reflects pressure from higher UK gambling taxes and broader economic uncertainty. Closures could reduce Flutter’s retail footprint and lead to restructuring costs, while highlighting weaker profitability in its UK shops. Paddy Power puts betting shops under closure review
Institutional Trading of Flutter Entertainment
A number of institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Flutter Entertainment by 5.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock valued at $290,000 after buying an additional 69 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Flutter Entertainment in the second quarter worth $405,000. Creative Planning bought a new position in shares of Flutter Entertainment in the second quarter worth $296,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Flutter Entertainment by 246.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock valued at $53,000 after purchasing an additional 133 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Flutter Entertainment by 74.6% in the second quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock valued at $71,000 after purchasing an additional 106 shares in the last quarter.
Analyst Upgrades and Downgrades
FLUT has been the topic of a number of research analyst reports. Stifel Nicolaus dropped their target price on shares of Flutter Entertainment from $161.00 to $133.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Wedbush decreased their price target on shares of Flutter Entertainment from $138.00 to $126.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Zacks Research downgraded Flutter Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Jefferies Financial Group reissued a “buy” rating and issued a $180.00 target price on shares of Flutter Entertainment in a research report on Sunday, August 9th. Finally, Truist Financial lowered their target price on Flutter Entertainment from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.88.
Read Our Latest Stock Report on FLUT
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.
See Also
- Five stocks we like better than Flutter Entertainment
- Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
- Is Duolingo the Next Netflix-Style Comeback Story?
- GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
- GTA VI’s Console Problem Isn’t Take-Two’s Problem
Receive News & Ratings for Flutter Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flutter Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.
