Flutter Entertainment (NYSE:FLUT) Hits New 52-Week Low - Here's What Happened

Key Points

• New 52‑week low: Flutter shares plunged to as low as $98.88 and last traded near $99.78, down about 4.1% on heavy volume (~4.06M shares).
• Q1 beat and buyback: The company topped expectations with $1.22 EPS (vs. $1.15) and $4.30B revenue (vs. $4.24B), and is progressing on a $5B U.S. buyback program that could support EPS.
• Management risk at FanDuel: Flutter announced the departure of the FanDuel CEO and an internal U.S. management overhaul, increasing near‑term execution risk and investor uncertainty for its core U.S. business.

Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $98.88 and last traded at $99.7820, with a volume of 4062612 shares changing hands. The stock had previously closed at $103.33.

More Flutter Entertainment News

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

• Positive Sentiment: Q1 beat on key metrics — Flutter reported $1.22 EPS vs. $1.15 consensus and revenue of $4.30B vs. $4.24B expected, showing underlying top‑line resilience that can support long‑term value. Q1 2026 Financial Results
• Positive Sentiment: Share buyback progress — Flutter continues executing its $5bn U.S. buyback program and recently cancelled shares (reported cancellation of 19,400 shares), which reduces float and is supportive for EPS per share. Buyback Update
• Neutral Sentiment: FY‑2026 guidance update unclear — the company posted an FY‑2026 guidance update but the published entry lacked a concrete EPS figure in the release we received, leaving investors uncertain about forward targets and modeling assumptions. (No link available in the entry.)
• Neutral Sentiment: Investor calendar — Management (CEO Peter Jackson and CFO Rob Coldrake) will present at a J.P. Morgan event next week, providing an opportunity for clarity on strategy and guidance. Management Participation
• Negative Sentiment: FanDuel CEO departure and management overhaul — Flutter announced Amy Howe has left as FanDuel CEO and assigned Dan Taylor to an expanded U.S. role; multiple reports indicate leadership disruption at the core U.S. business, increasing near‑term execution risk and investor uncertainty for FanDuel's growth and margins. Reuters: Management Overhaul GlobeNewswire: Leadership Transition

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FLUT shares. Canaccord Genuity Group decreased their target price on shares of Flutter Entertainment from $270.00 to $220.00 and set a "buy" rating for the company in a research note on Monday, March 2nd. Zacks Research downgraded shares of Flutter Entertainment from a "hold" rating to a "strong sell" rating in a research note on Monday, January 19th. Texas Capital raised shares of Flutter Entertainment to a "strong-buy" rating in a research note on Thursday, January 8th. Craig Hallum downgraded shares of Flutter Entertainment from a "buy" rating to a "hold" rating and set a $200.00 target price for the company. in a research note on Wednesday, January 21st. Finally, Citizens Jmp decreased their target price on shares of Flutter Entertainment from $195.00 to $188.00 and set a "market outperform" rating for the company in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.29.

Flutter Entertainment Stock Down 4.1%

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.31. The company's fifty day moving average is $107.86 and its 200-day moving average is $167.06. The company has a market cap of $17.28 billion, a PE ratio of -55.04, a PEG ratio of 1.60 and a beta of 1.58.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.07. Flutter Entertainment had a negative net margin of 1.89% and a positive return on equity of 12.12%. The company had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.24 billion. On average, analysts predict that Flutter Entertainment PLC will post 5.14 EPS for the current year.

Flutter Entertainment announced that its Board of Directors has approved a share repurchase program on Wednesday, March 11th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, CEO Amy Howe sold 8,895 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $105.91, for a total value of $942,069.45. Following the completion of the sale, the chief executive officer directly owned 78,889 shares of the company's stock, valued at $8,355,133.99. This represents a 10.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeremy Peter Jackson sold 4,326 shares of the firm's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $108.00, for a total transaction of $467,208.00. Following the sale, the chief executive officer owned 36,788 shares in the company, valued at $3,973,104. The trade was a 10.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,834 shares of company stock worth $1,900,331 over the last three months. 0.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ORG Partners LLC boosted its stake in Flutter Entertainment by 43.0% during the third quarter. ORG Partners LLC now owns 143 shares of the company's stock valued at $36,000 after buying an additional 43 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of Flutter Entertainment by 0.6% during the 2nd quarter. MML Investors Services LLC now owns 7,081 shares of the company's stock worth $2,024,000 after purchasing an additional 45 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of Flutter Entertainment by 1.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,057 shares of the company's stock worth $1,030,000 after purchasing an additional 49 shares during the period. Versant Capital Management Inc boosted its position in Flutter Entertainment by 5.6% in the 3rd quarter. Versant Capital Management Inc now owns 943 shares of the company's stock valued at $240,000 after buying an additional 50 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its position in Flutter Entertainment by 5.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,074 shares of the company's stock valued at $273,000 after buying an additional 58 shares during the period.

About Flutter Entertainment

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company's primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter's brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.

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