Shares of Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty-five research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $332.70.
Several research analysts have issued reports on FLUT shares. Bank of America raised their price target on shares of Flutter Entertainment from $295.00 to $330.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Zacks Research upgraded shares of Flutter Entertainment from a "strong sell" rating to a "hold" rating in a report on Friday, August 15th. JMP Securities raised their price target on shares of Flutter Entertainment from $323.00 to $345.00 and gave the stock a "market outperform" rating in a report on Friday, August 8th. Citigroup restated a "buy" rating on shares of Flutter Entertainment in a report on Thursday, August 14th. Finally, Jefferies Financial Group began coverage on shares of Flutter Entertainment in a research report on Tuesday, July 8th. They set a "buy" rating and a $380.00 price objective for the company.
Read Our Latest Analysis on FLUT
Insider Activity at Flutter Entertainment
In other news, CEO Amy Howe sold 4,097 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $305.91, for a total transaction of $1,253,313.27. Following the completion of the sale, the chief executive officer owned 69,850 shares of the company's stock, valued at $21,367,813.50. This trade represents a 5.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider James Philip Bishop sold 1,904 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $281.64, for a total transaction of $536,242.56. Following the sale, the insider directly owned 4,712 shares of the company's stock, valued at approximately $1,327,087.68. This trade represents a 28.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,396 shares of company stock worth $6,759,745. Corporate insiders own 0.09% of the company's stock.
Institutional Trading of Flutter Entertainment
Large investors have recently modified their holdings of the stock. GPS Wealth Strategies Group LLC grew its position in shares of Flutter Entertainment by 1,375.0% during the 1st 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 acquired a new stake in Flutter Entertainment in the 1st quarter valued at $27,000. ORG Partners LLC grew its position in Flutter Entertainment by 300.0% in the 2nd quarter. ORG Partners LLC now owns 100 shares of the company's stock valued at $28,000 after purchasing an additional 75 shares during the period. Barrett & Company Inc. acquired a new stake in Flutter Entertainment in the 2nd quarter valued at $29,000. Finally, Parallel Advisors LLC grew its position in Flutter Entertainment by 78.9% in the 1st quarter. Parallel Advisors LLC now owns 136 shares of the company's stock valued at $30,000 after purchasing an additional 60 shares during the period.
Flutter Entertainment Stock Down 0.2%
Flutter Entertainment stock opened at $284.71 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.95 and a current ratio of 0.95. Flutter Entertainment has a 52-week low of $196.88 and a 52-week high of $313.68. The firm has a 50 day moving average price of $295.99 and a two-hundred day moving average price of $264.74. The firm has a market cap of $50.14 billion, a price-to-earnings ratio of 140.25 and a beta of 2.30.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.87. Flutter Entertainment had a net margin of 2.96% and a return on equity of 12.15%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.06 billion. The business's revenue was up 16.0% on a year-over-year basis. Flutter Entertainment has set its FY 2025 guidance at EPS. Equities analysts predict that Flutter Entertainment will post 4.17 EPS for the current year.
Flutter Entertainment announced that its Board of Directors has approved a stock repurchase program on Friday, August 8th that authorizes the company to buyback $245.00 million in shares. This buyback authorization authorizes the company to buy up to 0.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.
About Flutter Entertainment
(
Get Free Report)
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.
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