Flutter Entertainment (NYSE:FLUT – Free Report) had its price target reduced by Wells Fargo & Company from $164.00 to $161.00 in a research note released on Friday,Benzinga reports. They currently have an equal weight rating on the stock.
A number of other equities research analysts have also recently weighed in on the stock. Benchmark reduced their price target on shares of Flutter Entertainment from $175.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday. Bank of America reduced their price target on shares of Flutter Entertainment from $250.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Canaccord Genuity Group reduced their price target on shares of Flutter Entertainment from $270.00 to $220.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Stifel Nicolaus reduced their price target on shares of Flutter Entertainment from $216.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Finally, UBS Group reduced their price target on shares of Flutter Entertainment from $300.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $194.23.
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Flutter Entertainment Price Performance
Flutter Entertainment (NYSE:FLUT – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.13. Flutter Entertainment had a negative net margin of 2.20% and a positive return on equity of 11.60%. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the previous year, the company earned $1.59 earnings per share. Flutter Entertainment’s quarterly revenue was up 17.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Flutter Entertainment will post 5.14 EPS for the current year.
Flutter Entertainment declared that its board has approved a share repurchase plan on Wednesday, March 11th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
Insider Buying and Selling
In other Flutter Entertainment news, CEO Amy Howe sold 8,895 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $105.91, for a total value of $942,069.45. Following the sale, the chief executive officer owned 78,889 shares of the company’s stock, valued at $8,355,133.99. This represents a 10.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeremy Peter Jackson sold 4,326 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $108.00, for a total transaction of $467,208.00. Following the completion of the sale, the chief executive officer directly owned 36,788 shares in the company, valued at $3,973,104. This trade represents a 10.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 17,834 shares of company stock valued at $1,900,331. Corporate insiders own 0.09% of the company’s stock.
Institutional Trading of Flutter Entertainment
Several institutional investors and hedge funds have recently modified their holdings of the business. ORG Partners LLC lifted its holdings in shares of Flutter Entertainment by 43.0% in the third quarter. ORG Partners LLC now owns 143 shares of the company’s stock valued at $36,000 after purchasing an additional 43 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Flutter Entertainment by 0.6% in the second quarter. MML Investors Services LLC now owns 7,081 shares of the company’s stock valued at $2,024,000 after purchasing an additional 45 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Flutter Entertainment by 1.2% in the third quarter. OneDigital Investment Advisors LLC now owns 4,057 shares of the company’s stock valued at $1,030,000 after purchasing an additional 49 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Flutter Entertainment by 5.6% in the third quarter. Versant Capital Management Inc now owns 943 shares of the company’s stock valued at $240,000 after purchasing an additional 50 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of Flutter Entertainment by 5.7% in the third quarter. Stratos Wealth Partners LTD. now owns 1,074 shares of the company’s stock valued at $273,000 after purchasing an additional 58 shares in the last quarter.
Flutter Entertainment News Roundup
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
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.
Further Reading
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