Flutter Entertainment (NYSE:FLUT) Upgraded to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Flutter Entertainment from “sell” to “hold.” Broader analyst sentiment remains more positive, with a consensus “Moderate Buy” rating and an average price target of $131.07.
• Flutter missed quarterly earnings and revenue expectations, reporting EPS of -$0.18 and revenue of $3.87 billion; the company also lowered its 2026 outlook amid football results, tax changes, and Brazil-related challenges.
• FanDuel’s betting handle rose 13%, and Flutter plans to deliver an additional $500 million in cost savings by 2029, offering potential support for future growth and profitability.

Flutter Entertainment (NYSE:FLUT - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

FLUT has been the topic of several other research reports. Benchmark dropped their price target on shares of Flutter Entertainment from $132.00 to $113.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Stifel Nicolaus set a $124.00 price target on Flutter Entertainment in a research note on Wednesday. Jefferies Financial Group reissued a "buy" rating and issued a $160.00 price target on shares of Flutter Entertainment in a research note on Wednesday. New Street Research set a $110.00 target price on Flutter Entertainment in a report on Thursday, September 3rd. Finally, Needham & Company LLC lowered their price objective on shares of Flutter Entertainment from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.07.

Flutter Entertainment Trading Down 1.7%

NYSE:FLUT opened at $81.53 on Friday. Flutter Entertainment has a 52-week low of $72.56 and a 52-week high of $235.77. The company has a market capitalization of $14.15 billion, a PE ratio of -15.41, a P/E/G ratio of 2.92 and a beta of 1.27. The stock's 50 day moving average price is $85.47 and its 200 day moving average price is $104.88. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.32.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.50). The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.99 billion. Flutter Entertainment had a positive return on equity of 7.27% and a negative net margin of 4.39%. Flutter Entertainment's revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 earnings per share. On average, research analysts anticipate that Flutter Entertainment will post 3.05 EPS for the current year.

Insiders Place Their Bets

In other news, insider Don Liu sold 565 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $55,290.90. Following the completion of the sale, the insider directly owned 20,441 shares of the company's stock, valued at $2,000,356.26. This trade represents a 2.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Daniel Taylor sold 791 shares of the firm'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 $77,407.26. Following the sale, the chief executive officer directly owned 52,467 shares of the company's stock, valued at approximately $5,134,420.62. This represents a 1.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 worth $644,214. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Flutter Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. lifted its holdings in Flutter Entertainment by 65.8% in the second quarter. TD Waterhouse Canada Inc. now owns 630 shares of the company's stock valued at $67,000 after acquiring an additional 250 shares during the period. Parallel Advisors LLC lifted its stake in Flutter Entertainment by 50.6% in 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. The Manufacturers Life Insurance Company grew its position in shares of Flutter Entertainment by 3.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 9,447 shares of the company's stock valued at $963,000 after acquiring an additional 328 shares during the period. Allworth Financial LP raised its holdings in shares of Flutter Entertainment by 167.8% during the 2nd quarter. Allworth Financial LP now owns 557 shares of the company's stock worth $57,000 after buying an additional 349 shares in the last quarter. Finally, CX Institutional lifted its position in shares of Flutter Entertainment by 729.7% during the 2nd quarter. CX Institutional now owns 531 shares of the company's stock valued at $54,000 after acquiring an additional 467 shares during the period.

Key Headlines Impacting Flutter Entertainment

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

• Positive Sentiment: FanDuel’s betting handle rose 13%, a sign of customer activity that could help support future growth. FanDuel Handle Rises 13% as Flutter Cuts 2026 Revenue Outlook
• Positive Sentiment: Flutter plans to deliver $500 million in additional cost savings by 2029, which could help offset some pressure on earnings. Flutter cuts 2026 guidance and targets $500m more savings by 2029
• Neutral Sentiment: Analysts have reduced several price targets following the results, though some retained positive ratings. UBS, for example, cut its target to $120 but maintained a Buy rating. UBS analyst recommendations
• Negative Sentiment: Flutter missed Q3 revenue and EBITDA expectations and lowered its 2026 outlook. Reports cited unfavorable football results, tax changes and Brazil-related challenges, including an impairment, as factors weighing on performance. Flutter cuts 2026 outlook after Q3 loss Tax hike, football results and Brazil's betting ban hit Flutter Entertainment
• Negative Sentiment: DraftKings’ sharp selloff after cutting its forecast also pressured Flutter and highlighted investor concern about competition and spending in prediction markets across the betting sector. DraftKings plunges on weak forecast and prediction-market spending

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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