Susquehanna Forecasts Strong Price Appreciation for Flutter Entertainment (NYSE:FLUT) Stock

Key Points

• Susquehanna raised its price target on Flutter Entertainment from $100 to $101 and maintained a positive rating, implying about 22% upside from the previous close. Analysts overall hold a “Moderate Buy” consensus, with an average target of $133.19.
• Flutter missed quarterly earnings and revenue estimates: it reported a loss of $0.18 per share versus expectations for $0.32 in earnings, while revenue of $3.87 billion fell short of the $3.99 billion consensus.
• The company’s shares opened at $82.47 and were down 1.5%; recent coverage also noted Flutter cut its full-year outlook and plans additional cost savings.

Flutter Entertainment (NYSE:FLUT - Get Free Report) had its target price increased by investment analysts at Susquehanna from $100.00 to $101.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a "positive" rating on the stock. Susquehanna's price objective would suggest a potential upside of 22.47% from the company's previous close.

Several other research firms have also weighed in on FLUT. BTIG Research increased their price target on Flutter Entertainment from $95.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday. UBS Group lowered their price target on Flutter Entertainment from $140.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft set a $148.00 price objective on shares of Flutter Entertainment in a research note on Thursday, August 6th. Moffett Nathanson reissued a "neutral" rating and issued a $92.00 target price on shares of Flutter Entertainment in a research note on Thursday, October 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Flutter Entertainment from $137.00 to $112.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 6th. Two 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 given a Sell rating to the stock. According to data from MarketBeat, Flutter Entertainment presently has a consensus rating of "Moderate Buy" and an average price target of $133.19.

Flutter Entertainment Trading Down 1.5%

Shares of FLUT stock opened at $82.47 on Thursday. Flutter Entertainment has a 1 year low of $72.56 and a 1 year high of $235.77. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.89 and a quick ratio of 0.89. The stock's 50 day simple moving average is $86.04 and its two-hundred day simple moving average is $105.93. The company has a market cap of $14.31 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 3.07 and a beta of 1.27.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.50). The company 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 revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 earnings per share. Research analysts predict that Flutter Entertainment will post 3.05 earnings per share for the current year.

Insider Transactions at Flutter Entertainment

In related news, CEO Jeremy Jackson sold 1,762 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total transaction of $172,429.32. Following the completion of the transaction, the chief executive officer owned 70,452 shares in the company, valued at $6,894,432.72. The trade was a 2.44% decrease in their position. The transaction was disclosed in a legal 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, insider Don H. Liu sold 565 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total value of $55,290.90. Following the transaction, the insider owned 20,441 shares of the company's stock, valued at approximately $2,000,356.26. The trade was a 2.69% decrease in their position. 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. In the last 90 days, insiders sold 6,681 shares of company stock valued at $644,214. Company insiders own 0.13% of the company's stock.

Institutional Trading of Flutter Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the business. M&G PLC lifted its position in shares of Flutter Entertainment by 3.2% during the third quarter. M&G PLC now owns 146,500 shares of the company's stock worth $10,988,000 after purchasing an additional 4,577 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Flutter Entertainment during the third quarter valued at $269,000. Hohimer Wealth Management LLC purchased a new stake in shares of Flutter Entertainment during the third quarter valued at $397,000. Ethic Inc. grew its holdings in shares of Flutter Entertainment by 21.6% in the third quarter. Ethic Inc. now owns 5,389 shares of the company's stock worth $402,000 after purchasing an additional 957 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Flutter Entertainment by 50.6% in the third quarter. Parallel Advisors LLC now owns 917 shares of the company's stock worth $68,000 after purchasing an additional 308 shares during the last quarter.

Trending Headlines about Flutter Entertainment

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

• Positive Sentiment: U.S. revenue was a bright spot in an otherwise weak quarter. Flutter also plans to pursue an additional $500 million in cost savings by 2029, which could support profitability over time. Article Article
• Positive Sentiment: BTIG maintained a Buy rating and raised its price target from $95 to $96, offering a more optimistic view than other recent analyst actions. Article
• Neutral Sentiment: Flutter paused share buybacks to prioritize debt reduction and cost savings. That may strengthen its balance sheet, but removes a source of near-term shareholder returns. Article
• Negative Sentiment: Q3 revenue of $3.874 billion rose about 2% year over year but missed estimates of $3.99 billion. Flutter reported a loss of $0.18 per share, versus expectations for a profit, while adjusted EBITDA also fell short of forecasts. Article
• Negative Sentiment: The company cut its full-year outlook after the misses. An approximately $873 million Brazil impairment contributed to a net loss exceeding $1 billion, adding to concerns about earnings quality and regional performance. Article
• Negative Sentiment: Analyst sentiment was mixed but included target cuts: Sanford C. Bernstein lowered its target to $100 and assigned a Market Perform rating. Increased FanDuel promotions to attract customers may also weigh on profits. Article Article

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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