Flutter Entertainment PLC (FLUT) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts remain moderately bullish: Thirty-one brokerages give Flutter Entertainment an average “Moderate Buy” rating, with a consensus 12-month price target of $136.85, despite some recent downgrades and target reductions.
• Stock performance and earnings show pressure: FLUT opened at $78.47, well below its 52-week high of $240.04, while its latest quarterly EPS of $0.49 missed estimates even as revenue rose 3.3% year over year.
• Regulatory and market risks weigh on the outlook: Flutter plans to exit Betfair’s Italian operations, faces legal uncertainty involving Junglee Games in India, and analysts expect upcoming earnings to decline; UBS nevertheless maintained a Buy rating with a lowered $130 target.

Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirty-one brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, seventeen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $136.85.

A number of brokerages have recently issued reports on FLUT. Craig Hallum set a $95.00 price target on shares of Flutter Entertainment in a report on Friday, October 23rd. Weiss Ratings restated a "sell (d)" rating on shares of Flutter Entertainment in a research report on Monday, August 24th. Zacks Research lowered shares of Flutter Entertainment from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 4th. Wall Street Zen cut Flutter Entertainment from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Benchmark lowered their price objective on shares of Flutter Entertainment from $132.00 to $113.00 and set a "buy" rating for the company in a research note on Thursday, August 6th.

Flutter Entertainment Stock Performance

Shares of FLUT opened at $78.47 on Thursday. Flutter Entertainment has a 1 year low of $72.56 and a 1 year high of $240.04. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.89. The company's fifty day moving average is $87.84 and its two-hundred day moving average is $108.98. The stock has a market capitalization of $13.62 billion, a P/E ratio of -18.25, a P/E/G ratio of 2.62 and a beta of 1.39.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.49 EPS 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 analyst estimates of $4.24 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 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.95 EPS. On average, sell-side analysts predict that Flutter Entertainment will post 3.42 earnings per share for the current year.

Key Flutter Entertainment News

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

• Positive Sentiment: UBS maintains a Buy rating. UBS lowered its price target to $130 from $140 but retained its Buy recommendation, suggesting the brokerage still sees substantial long-term upside despite near-term concerns. UBS Adjusts Flutter Entertainment Price Target
• Neutral Sentiment: A proposed sports-focused ETF could increase investor attention on FLUT. Amplify has filed for the PROS ETF, which would combine publicly traded sports companies with as much as 15% in private sports assets. Flutter could benefit from broader interest in sports-related investments, although the proposal does not represent a direct company catalyst. Sports ETF Proposal
• Negative Sentiment: Flutter will shut down Betfair’s Italian exchange, sportsbook and casino operations. The company called the business “no longer commercially sustainable,” highlighting the impact of Italy’s revised gambling rules. The exit may reduce revenue but could also prevent further losses from an unattractive market. Betfair Italy Shutdown
• Negative Sentiment: Junglee Games lost a state-level legal challenge in India. The ruling adds regulatory and legal uncertainty to Flutter’s Indian operations and could limit growth in a strategically important market. Junglee Games India Legal Challenge
• Negative Sentiment: Analysts expect a decline in upcoming earnings. Zacks says Flutter lacks the key factors supporting a likely earnings beat, reinforcing concerns about near-term profitability and potentially limiting momentum ahead of results. Flutter Earnings Expectations

Insider Buying and Selling

In related news, CEO Jeremy Jackson sold 1,762 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total transaction of $172,429.32. Following the sale, the chief executive officer directly owned 70,452 shares in the company, valued at approximately $6,894,432.72. This trade represents a 2.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Robert Coldrake sold 710 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 $69,480.60. Following the transaction, the chief financial officer directly owned 22,778 shares in the company, valued at approximately $2,229,055.08. The trade was a 3.02% 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 ninety days, insiders have sold 6,681 shares of company stock valued at $644,214. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Parallel Advisors LLC increased its position in shares of Flutter Entertainment by 489.7% in the 1st quarter. Parallel Advisors LLC now owns 460 shares of the company's stock worth $47,000 after purchasing an additional 382 shares during the last quarter. CX Institutional raised 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 worth $54,000 after purchasing an additional 467 shares during the period. Allworth Financial LP boosted its holdings in shares of Flutter Entertainment by 167.8% during the second quarter. Allworth Financial LP now owns 557 shares of the company's stock valued at $57,000 after acquiring an additional 349 shares during the period. TD Waterhouse Canada Inc. grew its position in Flutter Entertainment by 65.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 630 shares of the company's stock worth $67,000 after purchasing an additional 250 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Flutter Entertainment in the 2nd quarter valued at approximately $119,000.

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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