Barclays Issues Pessimistic Forecast for Flutter Entertainment (NYSE:FLUT) Stock Price

Flutter Entertainment (NYSE:FLUT) had its target price dropped by equities researchers at Barclays from $133.00 to $125.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 50.90% from the stock’s previous close.

Several other brokerages have also recently commented on FLUT. Wall Street Zen cut Flutter Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Benchmark reduced their price objective on shares of Flutter Entertainment from $132.00 to $113.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Citigroup upgraded shares of Flutter Entertainment from a “neutral” rating to a “buy” rating and dropped their target price for the company from $93.00 to $91.00 in a report on Wednesday, October 7th. Sanford C. Bernstein cut their price target on shares of Flutter Entertainment from $110.00 to $100.00 and set a “market perform” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company decreased their price target on Flutter Entertainment from $112.00 to $86.00 and set an “equal weight” rating for the company in a report on Thursday. 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 given a Sell rating to the company. According to MarketBeat, Flutter Entertainment has an average rating of “Moderate Buy” and a consensus price target of $131.44.

Flutter Entertainment Trading Up 1.3%

NYSE:FLUT traded up $1.05 during trading hours on Thursday, hitting $82.84. 1,645,442 shares of the company were exchanged, compared to its average volume of 3,271,151. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of -19.21, a price-to-earnings-growth ratio of 3.07 and a beta of 1.27. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. Flutter Entertainment has a one year low of $72.56 and a one year high of $235.77. The company has a fifty day simple moving average of $86.04 and a 200 day simple moving average of $105.93.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings results on Wednesday, November 4th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.50). The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.99 billion. Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.64 EPS. Sell-side analysts expect that Flutter Entertainment will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, CEO Daniel Taylor sold 791 shares of Flutter Entertainment stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total transaction of $77,407.26. Following the transaction, the chief executive officer owned 52,467 shares of the company’s stock, valued at $5,134,420.62. This trade represents a 1.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Robert Coldrake sold 710 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $69,480.60. Following the completion of the transaction, the chief financial officer directly owned 22,778 shares in the company, valued at approximately $2,229,055.08. This represents a 3.02% 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. In the last three months, insiders have sold 6,681 shares of company stock worth $644,214. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Flutter Entertainment

Several large investors have recently modified their holdings of FLUT. M&G PLC lifted its holdings in Flutter Entertainment by 3.2% during the 3rd quarter. M&G PLC now owns 146,500 shares of the company’s stock worth $10,988,000 after purchasing an additional 4,577 shares in the last quarter. AlphaCore Capital LLC purchased a new position in Flutter Entertainment during the 3rd quarter valued at about $269,000. Hohimer Wealth Management LLC purchased a new position in Flutter Entertainment during the 3rd quarter valued at about $397,000. Ethic Inc. increased its position in shares of Flutter Entertainment by 21.6% during the third quarter. Ethic Inc. now owns 5,389 shares of the company’s stock valued at $402,000 after buying an additional 957 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of Flutter Entertainment by 50.6% during the third quarter. Parallel Advisors LLC now owns 917 shares of the company’s stock valued at $68,000 after buying an additional 308 shares during the period.

Trending Headlines about Flutter Entertainment

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: U.S. revenue was a bright spot in the quarter, providing some evidence of continued growth in Flutter’s core market. Article: Flutter Results Miss the Mark. U.S. Revenue Was a Bright Spot.
• Positive Sentiment: Some analysts still see upside: Citizens JMP cut its target to $116 but kept a market-outperform rating, while Susquehanna raised its target to $101 and retained a positive rating. Article: Citizens JMP price target update
• Neutral Sentiment: Analyst views are mixed. Wells Fargo lowered its target sharply, from $112 to $86, and maintained an equal-weight rating; BTIG modestly raised its target to $96 and kept a buy rating. Wells Fargo rating information
• Negative Sentiment: Q3 revenue rose about 2% year over year to $3.87 billion but missed expectations of $3.99 billion. Flutter reported a $0.18-per-share loss, versus analyst expectations for a profit, and adjusted earnings and EBITDA also missed estimates. Article: Flutter Entertainment Reports Q3 Loss, Lags Revenue Estimates
• Negative Sentiment: Flutter cut its full-year outlook after the results. A roughly $873 million Brazil impairment, regulatory and tax headwinds, and unfavorable football outcomes weighed on performance; the company also paused share buybacks to prioritize debt reduction and savings. Article: Flutter cuts 2026 guidance and targets $500m more savings by 2029

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.