Brokerages Set Flutter Entertainment PLC (NYSE:FLUT) Target Price at $332.70

Key Points

• Flutter Entertainment PLC has received an average rating of "Moderate Buy" from 24 brokerages, with 20 recommending a buy and 4 a hold, and the average target price set at $332.70.
• Insider activity includes recent stock sales by CEO Amy Howe and insider James Philip Bishop, resulting in notable decreases in their positions.
• The company reported a revenue of $4.19 billion in its last quarterly earnings, significantly surpassing analysts' expectations, alongside a share repurchase program approved for $245 million.

Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty-five ratings firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $332.70.

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Flutter Entertainment in a research report on Tuesday, July 8th. They issued a "buy" rating and a $380.00 price objective for the company. Hsbc Global Res upgraded shares of Flutter Entertainment to a "hold" rating in a report on Wednesday, June 18th. JMP Securities boosted their target price on shares of Flutter Entertainment from $323.00 to $345.00 and gave the company a "market outperform" rating in a report on Friday, August 8th. Oppenheimer boosted their target price on shares of Flutter Entertainment from $310.00 to $350.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Finally, Macquarie boosted their target price on shares of Flutter Entertainment from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Friday, August 8th.

Insider Transactions at Flutter Entertainment

In other Flutter Entertainment news, insider Daniel Mark Taylor sold 15,283 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $284.80, for a total transaction of $4,352,598.40. Following the completion of the sale, the insider directly owned 16,589 shares in the company, valued at $4,724,547.20. The trade was a 47.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amy Howe sold 4,097 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $305.91, for a total transaction of $1,253,313.27. Following the sale, the chief executive officer owned 69,850 shares of the company's stock, valued at approximately $21,367,813.50. This represents a 5.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,925 shares of company stock valued at $6,888,837 in the last quarter. Insiders own 0.09% of the company's stock.

Institutional Investors Weigh In On Flutter Entertainment

Institutional investors have recently bought and sold shares of the business. GPS Wealth Strategies Group LLC grew its stake in Flutter Entertainment by 1,375.0% during the first quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company's stock worth $26,000 after buying an additional 110 shares during the period. SVB Wealth LLC purchased a new stake in Flutter Entertainment during the first quarter worth approximately $27,000. ORG Partners LLC grew its stake in Flutter Entertainment by 300.0% during the second quarter. ORG Partners LLC now owns 100 shares of the company's stock worth $28,000 after buying an additional 75 shares during the period. Barrett & Company Inc. purchased a new stake in Flutter Entertainment during the second quarter worth approximately $29,000. Finally, Parallel Advisors LLC grew its stake in Flutter Entertainment by 78.9% during the first quarter. Parallel Advisors LLC now owns 136 shares of the company's stock worth $30,000 after buying an additional 60 shares during the period.

Flutter Entertainment Trading Down 1.2%

Shares of NYSE:FLUT traded down $3.48 during trading on Friday, reaching $295.53. The stock had a trading volume of 689,351 shares, compared to its average volume of 2,271,159. The business has a fifty day moving average price of $294.93 and a 200-day moving average price of $263.42. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The stock has a market cap of $52.04 billion, a P/E ratio of 145.62, a PEG ratio of 1.49 and a beta of 2.29. Flutter Entertainment has a fifty-two week low of $196.88 and a fifty-two week high of $313.68.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $2.95 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.87. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment had a net margin of 2.96% and a return on equity of 12.15%. The business's quarterly revenue was up 16.0% on a year-over-year basis. Flutter Entertainment has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Flutter Entertainment will post 4.17 earnings per share for the current fiscal year.

Flutter Entertainment announced that its board has initiated a share repurchase plan on Friday, August 8th that authorizes the company to repurchase $245.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.