BTIG Research Lowers Flutter Entertainment (NYSE:FLUT) Price Target to $113.00

Flutter Entertainment (NYSE:FLUT) had its price target decreased by equities research analysts at BTIG Research from $120.00 to $113.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target suggests a potential upside of 24.02% from the company’s previous close.

FLUT has been the topic of a number of other research reports. Citizens Jmp lowered their price objective on shares of Flutter Entertainment from $165.00 to $159.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 8th. Benchmark dropped 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 note on Thursday, May 7th. Wells Fargo & Company reduced their price objective on Flutter Entertainment from $168.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Monday, July 20th. Moffett Nathanson lowered Flutter Entertainment from a “buy” rating to a “neutral” rating and set a $127.00 target price for the company. in a report on Friday, April 24th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Flutter Entertainment in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $175.70.

Flutter Entertainment Stock Down 13.2%

Flutter Entertainment stock traded down $13.85 during mid-day trading on Wednesday, hitting $91.11. The company had a trading volume of 10,642,039 shares, compared to its average volume of 3,367,920. Flutter Entertainment has a 12 month low of $90.18 and a 12 month high of $313.68. The company has a market capitalization of $15.85 billion, a PE ratio of -42.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.28. The stock’s 50 day moving average price is $104.68 and its two-hundred day moving average price is $115.09. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.23 billion. Flutter Entertainment had a positive return on equity of 11.60% and a negative net margin of 2.20%.Flutter Entertainment’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.95 earnings per share. As a group, sell-side analysts anticipate that Flutter Entertainment will post 4.72 earnings per share for the current fiscal year.

Insider Activity

In other Flutter Entertainment news, COO James Philip Bishop bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of $99.75 per share, with a total value of $99,750.00. Following the completion of the acquisition, the chief operating officer directly owned 17,605 shares of the company’s stock, valued at $1,756,098.75. This represents a 6.02% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Bryant purchased 1,950 shares of the business’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $102.86 per share, for a total transaction of $200,577.00. Following the completion of the purchase, the director owned 9,235 shares of the company’s stock, valued at $949,912.10. This represents a 26.77% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 10,453 shares of company stock valued at $1,045,526 and have sold 5,994 shares valued at $577,293. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of Flutter Entertainment

Several institutional investors have recently made changes to their positions in FLUT. Versant Capital Management Inc lifted its stake in shares of Flutter Entertainment by 145.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,231 shares of the company’s stock valued at $126,000 after purchasing an additional 729 shares in the last quarter. CX Institutional grew its stake in Flutter Entertainment by 729.7% during the second quarter. CX Institutional now owns 531 shares of the company’s stock worth $54,000 after buying an additional 467 shares during the period. Pacer Advisors Inc. increased its position in shares of Flutter Entertainment by 66.8% in the first quarter. Pacer Advisors Inc. now owns 2,887 shares of the company’s stock worth $294,000 after acquiring an additional 1,156 shares in the last quarter. DV Trading LLC raised its stake in shares of Flutter Entertainment by 609.4% in the 1st quarter. DV Trading LLC now owns 2,036 shares of the company’s stock valued at $208,000 after acquiring an additional 1,749 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Flutter Entertainment by 489.7% during the 1st quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock valued at $47,000 after acquiring an additional 382 shares in the last quarter.

Key Stories Impacting Flutter Entertainment

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

• Positive Sentiment: Flutter reported second-quarter revenue of $4.33 billion, ahead of the approximately $4.23 billion analyst expectation, with revenue up 3.3% year over year. Flutter Entertainment Announces Q2 2026 Financial Results
• Neutral Sentiment: Investors are also watching Flutter’s prediction-market initiatives, which could become a future growth opportunity but were not enough to offset near-term earnings concerns. Flutter Earnings Should Shed Light on Its Prediction Market Business
• Negative Sentiment: Second-quarter adjusted earnings came in at $0.49 per share, below estimates ranging from $0.54 to $0.58 and sharply below $2.95 a year earlier. The quarter also included a negative net margin, increasing concern about profitability despite the revenue growth. Flutter Entertainment Q2 Earnings Lag Estimates
• Negative Sentiment: Flutter lowered its profit outlook as its U.S. operations continue to struggle. Fiscal 2026 revenue guidance of $17.4 billion to $18.4 billion has a midpoint below the roughly $18.3 billion consensus estimate, while the company is reportedly swinging to a loss. CEO Peter Jackson will step down on September 30, with Dan Taylor taking over October 1. The leadership change adds uncertainty as Flutter works to improve U.S. performance. Flutter CEO to Step Down as U.S. Sports-Betting Business Falters

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.