Flutter Entertainment (NYSE:FLUT) Given New $96.00 Price Target at BTIG Research

Key Points

• BTIG Research raised its price target on Flutter Entertainment to $96 from $95 and maintained a Buy rating, implying 14.7% upside from the prior close.
• Flutter reported a quarterly loss of $0.18 per share and $3.87 billion in revenue, both below analyst expectations; an approximately $873 million Brazil-related impairment contributed to a net loss exceeding $1 billion.
• The company cut its full-year guidance and paused share buybacks to prioritize debt reduction and cost savings. Analysts overall retain a “Moderate Buy” consensus, with an average price target of $133.93.

Flutter Entertainment (NYSE:FLUT - Get Free Report) had its target price upped by stock analysts at BTIG Research from $95.00 to $96.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. BTIG Research's target price points to a potential upside of 14.74% from the stock's previous close.

Other research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Flutter Entertainment from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Jefferies Financial Group reiterated a "buy" rating and issued a $180.00 target price on shares of Flutter Entertainment in a research note on Sunday, August 9th. Citigroup upgraded Flutter Entertainment from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $93.00 to $91.00 in a report on Wednesday, October 7th. Barclays lowered their price target on Flutter Entertainment from $151.00 to $133.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Finally, Susquehanna lowered their price target on Flutter Entertainment from $115.00 to $100.00 and set a "positive" rating on the stock in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and three have given 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 $133.93.

Flutter Entertainment Stock Down 0.1%

Shares of Flutter Entertainment stock traded down $0.07 on Wednesday, reaching $83.67. 4,954,099 shares of the company were exchanged, compared to its average volume of 3,266,013. Flutter Entertainment has a one year low of $72.56 and a one year high of $235.77. The company has a market capitalization of $14.52 billion, a price-to-earnings ratio of -19.43, a PEG ratio of 2.92 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. The company has a 50-day moving average of $86.43 and a 200 day moving average of $106.52.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.50). The firm 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%. Flutter Entertainment's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 earnings per share. On average, equities research analysts forecast that Flutter Entertainment will post 3.35 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jeremy Jackson sold 2,112 shares of Flutter Entertainment stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $93.32, for a total transaction of $197,091.84. Following the completion of the sale, the chief executive officer owned 72,214 shares of the company's stock, valued at approximately $6,739,010.48. The trade was a 2.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO James Bishop sold 741 shares of the company's stock in a transaction dated 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 owned 16,864 shares in the company, valued at approximately $1,650,311.04. This trade represents a 4.21% 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. Over the last three months, insiders sold 6,681 shares of company stock valued at $644,214. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Flutter Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in the company. Parvus Asset Management Jersey Ltd bought a new position in Flutter Entertainment during the second quarter worth about $1,552,097,267. Hsbc Holdings PLC boosted its holdings in 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 period. Amundi grew its position in shares of Flutter Entertainment by 463.7% during the 1st quarter. Amundi now owns 2,059,906 shares of the company's stock worth $210,007,000 after purchasing an additional 1,694,474 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Flutter Entertainment by 1.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,601,605 shares of the company's stock worth $163,202,000 after purchasing an additional 20,810 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Flutter Entertainment by 7.1% during the first quarter. Swiss National Bank now owns 490,422 shares of the company's stock worth $49,999,000 after purchasing an additional 32,480 shares during the period.

Flutter Entertainment News Roundup

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

• Positive Sentiment: Q3 revenue increased about 2% year over year to $3.874 billion, and U.S. revenue was identified as a bright spot. Flutter reports third-quarter revenue growth U.S. revenue was a bright spot
• Negative Sentiment: The company reported a quarterly loss of $0.18 per share, compared with $1.64 earnings per share a year earlier. Revenue of $3.874 billion also fell short of the roughly $3.99 billion analyst estimate. Q3 loss and revenue results
• Negative Sentiment: An approximately $873 million impairment tied to Brazil contributed to a net loss exceeding $1 billion, raising concerns about the market and the value of the company’s investment there. Brazil impairment and widened Q3 loss
• Negative Sentiment: Flutter cut its full-year guidance. Its 2026 revenue range of $17.34 billion to $17.89 billion has a midpoint below FactSet’s $17.81 billion estimate, reinforcing concerns about near-term growth. 2026 revenue outlook
• Negative Sentiment: The company paused share buybacks to focus on reducing debt and cutting costs, removing a source of shareholder returns in the near term. Flutter pauses share buybacks

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.