Flutter Entertainment (NYSE:FLUT – Get Free Report) had its price target lowered by analysts at Benchmark from $175.00 to $132.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price objective suggests a potential upside of 30.48% from the company’s current price.
FLUT has been the subject of a number of other reports. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $228.00 price objective (down from $248.00) on shares of Flutter Entertainment in a research note on Wednesday, January 14th. Moffett Nathanson cut shares of Flutter Entertainment from a “buy” rating to a “neutral” rating and set a $127.00 price target on the stock. in a research report on Friday, April 24th. Citizens Jmp lowered their price objective on shares of Flutter Entertainment from $195.00 to $188.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 8th. Truist Financial dropped their price objective on shares of Flutter Entertainment from $160.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Finally, Needham & Company LLC reduced their target price on shares of Flutter Entertainment from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Flutter Entertainment has a consensus rating of “Moderate Buy” and an average target price of $194.23.
View Our Latest Stock Analysis on Flutter Entertainment
Flutter Entertainment Stock Performance
Flutter Entertainment (NYSE:FLUT – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.13. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.24 billion. Flutter Entertainment had a negative net margin of 2.20% and a positive return on equity of 11.60%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 EPS. As a group, equities research analysts predict that Flutter Entertainment will post 5.14 EPS for the current year.
Flutter Entertainment declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 11th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
Insider Transactions at Flutter Entertainment
In other news, CEO Amy Howe sold 8,895 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $105.91, for a total transaction of $942,069.45. Following the completion of the transaction, the chief executive officer directly owned 78,889 shares of the company’s stock, valued at approximately $8,355,133.99. The trade was a 10.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert Coldrake sold 4,613 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $106.45, for a total transaction of $491,053.85. Following the sale, the chief financial officer owned 10,006 shares in the company, valued at $1,065,138.70. The trade was a 31.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 17,834 shares of company stock valued at $1,900,331. 0.09% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Flutter Entertainment
Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Flutter Entertainment by 5.6% in the first 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 during the last quarter. Sivia Capital Partners LLC acquired a new stake in Flutter Entertainment in the second quarter valued at $405,000. Creative Planning purchased a new stake in Flutter Entertainment during the 2nd quarter worth about $296,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Flutter Entertainment by 246.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock worth $53,000 after buying an additional 133 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Flutter Entertainment by 74.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock worth $71,000 after acquiring an additional 106 shares in the last quarter.
Trending Headlines about Flutter Entertainment
Here are the key news stories impacting Flutter Entertainment this week:
- Positive Sentiment: Flutter continued its $5 billion share buyback program, including fresh U.S. share redemptions and the cancellation of 253,947 shares, which can support earnings per share and signal management confidence. Flutter Continues $5bn Buyback With Fresh US Share Redemption
- Positive Sentiment: The company reported Q1 revenue and EPS ahead of estimates, with revenue up 17.4% year over year and management signaling it is keeping 2026 targets intact for now. Flutter Entertainment Surpasses Q1 Earnings and Revenue Estimates
- Positive Sentiment: Analysts still broadly view the stock favorably despite trimming targets, with multiple firms maintaining buy or outperform ratings, implying meaningful upside from current levels. Analyst price target updates
- Neutral Sentiment: Flutter is reviewing its London listing and may delist from the LSE, a corporate-structure decision that could affect investor access and trading dynamics but does not change near-term operating performance. Flutter Entertainment reviewing its LSE listing following US-heavy Q1
- Neutral Sentiment: AWS’s outage hit some trading platforms including FanDuel-related services, but this appears to be an external infrastructure issue rather than a Flutter-specific fundamental problem. AWS data center outage hits trading on Fanduel, Coinbase
- Negative Sentiment: Flutter cut guidance after the quarter and investors are focusing on signs that U.S. growth may be slowing, which is weighing on the shares. Flutter shares slide 4% as profit drop and US struggles overshadow revenue beat
- Negative Sentiment: FanDuel CEO Amy Howe has departed, and Flutter is reshuffling leadership at its key U.S. unit, adding execution risk at a critical growth engine. FanDuel Chief Executive Amy Howe Departs Company
- Negative Sentiment: Several brokerages lowered price targets after Q1, reflecting concern that earnings strength may be offset by margin pressure, higher costs, and weaker U.S. expectations. Price target reductions by Wells Fargo, Citizens JMP, Benchmark, BTIG, and Needham
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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