BTIG Research Has Lowered Expectations for Flutter Entertainment (NYSE:FLUT) Stock Price

Key Points

• BTIG Research lowered Flutter Entertainment’s price target from $110 to $95 while maintaining a “Buy” rating, implying approximately 21% upside from the $78.47 share price.
• Analyst sentiment remains broadly positive but expectations have declined, with MarketBeat reporting a “Moderate Buy” consensus rating and an average price target of $136.30 amid several recent target reductions.
• Flutter’s latest quarterly results were mixed: revenue rose 3.3% year over year to $4.33 billion and exceeded estimates, but earnings per share of $0.49 fell short of consensus by $0.05, while the company posted a negative net margin.

Flutter Entertainment (NYSE:FLUT - Get Free Report) had its price target reduced by equities researchers at BTIG Research from $110.00 to $95.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. BTIG Research's price objective indicates a potential upside of 21.07% from the company's current price.

Other research analysts have also recently issued research reports about the stock. Susquehanna reduced their target price on shares of Flutter Entertainment from $115.00 to $100.00 and set a "positive" rating for the company in a report on Thursday, October 8th. Stifel Nicolaus lowered their price target on shares of Flutter Entertainment from $133.00 to $125.00 and set a "buy" rating on the stock in a report on Monday. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Flutter Entertainment in a research report on Thursday, September 3rd. Moffett Nathanson reiterated a "neutral" rating and set a $92.00 price objective on shares of Flutter Entertainment in a research note on Thursday, October 22nd. Finally, Rothschild & Co Redburn cut Flutter Entertainment from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $169.00 to $119.00 in a report on Monday, September 21st. Two equities 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 issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $136.30.

Flutter Entertainment Price Performance

Shares of NYSE:FLUT opened at $78.47 on Thursday. Flutter Entertainment has a twelve month low of $72.56 and a twelve month high of $240.04. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The company has a market cap of $13.62 billion, a PE ratio of -18.25, a price-to-earnings-growth ratio of 2.62 and a beta of 1.39. The company's 50 day moving average is $87.84 and its 200 day moving average is $108.98.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.05). The business had revenue of $4.33 billion during the quarter, compared to analysts' expectations 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 was up 3.3% on a year-over-year basis. During the same period last year, the company earned $2.95 earnings per share. On average, sell-side analysts forecast that Flutter Entertainment will post 3.42 EPS for the current year.

Insider Activity

In related news, CEO Jeremy Jackson sold 1,762 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total transaction of $172,429.32. Following the sale, the chief executive officer owned 70,452 shares in the company, valued at approximately $6,894,432.72. This trade represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO James Bishop sold 741 shares of Flutter Entertainment stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total transaction of $72,514.26. Following the completion of the transaction, the chief operating officer directly owned 16,864 shares of the company's stock, valued at $1,650,311.04. The trade was a 4.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 6,681 shares of company stock valued at $644,214 in the last three months. Corporate insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On Flutter Entertainment

Institutional investors have recently modified their holdings of the business. Parvus Asset Management Jersey Ltd purchased a new stake in Flutter Entertainment in the second quarter valued at $1,552,097,267. Hsbc Holdings PLC lifted its stake in shares of Flutter Entertainment by 33,988.7% in the 1st quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company's stock valued at $575,185,000 after purchasing an additional 5,589,099 shares during the last quarter. Amundi lifted its stake in shares of Flutter Entertainment by 463.7% in the 1st quarter. Amundi now owns 2,059,906 shares of the company's stock valued at $210,007,000 after purchasing an additional 1,694,474 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Flutter Entertainment during the 1st quarter worth $40,562,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Flutter Entertainment during the 2nd quarter worth $9,881,000.

Trending Headlines about Flutter Entertainment

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

• Positive Sentiment: Analysts maintain a favorable long-term view, with a consensus price target of $136.85, well above the current trading level. The target suggests substantial potential upside if Flutter executes on its growth strategy. Flutter Entertainment PLC Stock Has Consensus Target Price of $136.85 According to Analysts
• Positive Sentiment: Amplify’s proposed PROS exchange-traded fund would invest in publicly traded sports companies and potentially allocate up to 15% to private sports assets. Flutter’s inclusion in the sports-investment theme could improve investor awareness and sector demand, although the ETF is not yet approved or launched. Want to Own a Piece of Professional Sports? This ETF Could Be Your Ticket
• Neutral Sentiment: UBS reduced its Flutter price target to $130 from $140 but retained a Buy rating. The lower target signals somewhat reduced expectations, while the unchanged recommendation indicates continued confidence in the company’s longer-term prospects. UBS Adjusts Flutter Entertainment Price Target
• Negative Sentiment: Flutter will discontinue Betfair’s exchange, sportsbook and casino operations in Italy, citing new gambling rules that have made the business “no longer commercially sustainable.” The exit removes Italian revenue potential and highlights regulatory risk in a key European market. Flutter to Shut Down Betfair in Italy
• Negative Sentiment: Flutter’s Junglee Games lost a state-level legal challenge in India, creating additional uncertainty for its Indian gaming operations and expansion plans. Flutter’s Junglee Loses State-Level Legal Challenge in India
• Negative Sentiment: Analysts expect Flutter to report a year-over-year earnings decline in its upcoming results, with Zacks noting that the company lacks the factors typically associated with a likely earnings beat. That could keep investors cautious ahead of the report. Analysts Estimate Flutter Entertainment to Report a Decline in Earnings

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.

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