Flutter Entertainment PLC (NYSE:FLUT) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• "Moderate Buy" consensus from 25 analysts (15 buy, 2 strong buy, 6 hold, 2 sell) with an average 1‑year target of $219.40, although several brokers have recently cut price targets (e.g., Benchmark 285→175, BofA 250→210).
• Flutter missed quarterly estimates with EPS of $1.74 vs. $2.11 expected and revenue of $4.76B vs. $4.87B expected; revenue rose 24.9% year‑over‑year but the company reported a negative net margin (-1.89%).
• The board authorized a $250 million share buyback (about 1.3% of shares) even as insiders sold roughly 17,834 shares (~$1.9M) in the past 90 days, leaving insiders with 0.09% ownership.

Shares of Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-five analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, fifteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $219.40.

Several equities research analysts recently weighed in on the stock. Benchmark dropped their price objective on shares of Flutter Entertainment from $285.00 to $175.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. Bank of America dropped their price objective on shares of Flutter Entertainment from $250.00 to $210.00 and set a "neutral" rating on the stock in a research note on Thursday, January 22nd. Susquehanna dropped their price objective on shares of Flutter Entertainment from $160.00 to $143.00 and set a "positive" rating on the stock in a research note on Tuesday, March 31st. Stifel Nicolaus dropped their price objective on shares of Flutter Entertainment from $216.00 to $189.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Flutter Entertainment in a research note on Monday, December 29th.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, CEO Jeremy Peter Jackson sold 4,326 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $108.00, for a total value of $467,208.00. Following the sale, the chief executive officer owned 36,788 shares in the company, valued at approximately $3,973,104. This trade represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amy Howe sold 8,895 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $105.91, for a total transaction of $942,069.45. Following the completion of the sale, the chief executive officer owned 78,889 shares in the company, valued at $8,355,133.99. The trade was a 10.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 17,834 shares of company stock worth $1,900,331. 0.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On Flutter Entertainment

Large investors have recently made changes to their positions in the company. Makena Capital Management LLC acquired a new position in shares of Flutter Entertainment during the third quarter valued at approximately $11,517,000. TimesSquare Capital Management LLC increased its stake in shares of Flutter Entertainment by 294.1% during the third quarter. TimesSquare Capital Management LLC now owns 378,878 shares of the company's stock valued at $96,235,000 after acquiring an additional 282,736 shares during the period. AGF Management Ltd. acquired a new position in shares of Flutter Entertainment during the third quarter valued at approximately $9,519,000. Mutual of America Capital Management LLC acquired a new position in shares of Flutter Entertainment during the third quarter valued at approximately $2,173,000. Finally, Federated Hermes Inc. acquired a new position in shares of Flutter Entertainment during the third quarter valued at approximately $169,777,000.

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $102.55 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.95 and a current ratio of 0.95. Flutter Entertainment has a one year low of $98.88 and a one year high of $313.68. The company's 50-day simple moving average is $117.79 and its 200-day simple moving average is $184.31. The stock has a market capitalization of $17.88 billion, a price-to-earnings ratio of -56.97, a PEG ratio of 0.71 and a beta of 1.93.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last released its quarterly earnings data on Friday, February 27th. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.37). The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.87 billion. Flutter Entertainment had a positive return on equity of 12.12% and a negative net margin of 1.89%.Flutter Entertainment's revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.94 EPS. Equities analysts anticipate that Flutter Entertainment will post 4.17 earnings per share for the current fiscal year.

Flutter Entertainment announced that its board has authorized a stock repurchase program on Wednesday, March 11th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

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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