Flutter Entertainment (NYSE:FLUT) Reaches New 1-Year Low - Should You Sell?

Shares of Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) hit a new 52-week low on Wednesday. The company traded as low as $74.38 and last traded at $74.5790, with a volume of 3848000 shares changing hands. The stock had previously closed at $76.63.

Flutter Entertainment News Summary

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

• Positive Sentiment: One analyst-focused report suggested Flutter’s stock may have overreacted to the Brazil restrictions, implying that the selloff could be disproportionate if the company’s remaining markets and long-term growth prospects offset the lost Brazilian business. Flutter Stock May Have Overreacted to Brazil iGaming, Sports Betting Ban
• Neutral Sentiment: Flutter said it halted its Brazilian online betting operations following the government ban. The company is assessing the restrictions and their implications for its local business. Flutter Entertainment Response to Brazil Gambling Ban
• Negative Sentiment: Reports estimate the Brazil shutdown could cost Flutter approximately €60 million, creating a direct hit to revenue and earnings expectations. Flutter and rival Entain warned investors that the ban would materially affect their Brazilian businesses. Brazil’s gambling ban to cost Flutter €60m
• Negative Sentiment: The Brazil shutdown deepens Flutter’s challenges heading into a CEO change, increasing uncertainty about near-term growth, strategic execution and the company’s ability to replace lost market contributions. Flutter’s Brazil Shutdown Deepens 2026 Challenges Ahead of CEO Change
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Flutter investors. The notice does not establish wrongdoing, but securities-law investigations can add reputational and legal uncertainty and may weigh on investor sentiment. Pomerantz Investor Alert

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FLUT shares. BTIG Research dropped their price objective on shares of Flutter Entertainment from $120.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, August 5th. Jefferies Financial Group restated a "buy" rating and set a $180.00 target price on shares of Flutter Entertainment in a report on Sunday, August 9th. Needham & Company LLC decreased their price target on shares of Flutter Entertainment from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Wolfe Research started coverage on shares of Flutter Entertainment in a research report on Wednesday, September 2nd. They set an "outperform" rating and a $150.00 price target for the company. Finally, Wedbush lowered their price target on Flutter Entertainment from $138.00 to $126.00 and set an "outperform" rating for the company in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $155.48.

Flutter Entertainment Price Performance

The company has a debt-to-equity ratio of 1.32, a current ratio of 0.89 and a quick ratio of 0.89. The company's 50-day simple moving average is $97.29 and its 200-day simple moving average is $101.76. The company has a market cap of $12.94 billion, a price-to-earnings ratio of -17.34, a P/E/G ratio of 1.94 and a beta of 1.26.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.05). The firm had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.24 billion. Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The company's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.95 EPS. On average, equities research analysts anticipate that Flutter Entertainment PLC will post 3.48 EPS for the current year.

Insider Activity

In other Flutter Entertainment news, CFO Robert Coldrake sold 710 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total value of $69,480.60. Following the transaction, the chief financial officer owned 22,778 shares in the company, valued at $2,229,055.08. The trade was a 3.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Daniel Taylor sold 791 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 $77,407.26. Following the completion of the transaction, the chief executive officer owned 52,467 shares in the company, valued at $5,134,420.62. This represents a 1.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 6,681 shares of company stock worth $644,214 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FLUT. Tidal Investments LLC grew its stake in Flutter Entertainment by 39.3% during the 2nd quarter. Tidal Investments LLC now owns 11,700 shares of the company's stock valued at $1,195,000 after purchasing an additional 3,299 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Flutter Entertainment in the 2nd quarter valued at approximately $119,000. Allworth Financial LP raised its position in shares of Flutter Entertainment by 167.8% in the 2nd quarter. Allworth Financial LP now owns 557 shares of the company's stock valued at $57,000 after purchasing an additional 349 shares in the last quarter. AlphaGrep UK Ltd purchased a new position in shares of Flutter Entertainment during the 2nd quarter valued at approximately $203,000. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Flutter Entertainment by 65.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 630 shares of the company's stock valued at $67,000 after buying an additional 250 shares during the last quarter.

Flutter Entertainment Company Profile

Flutter Entertainment plc is a global sports betting and online gaming company headquartered in Dublin, Ireland. The company provides online and retail betting, casino, poker, bingo and lottery-related products through a portfolio of brands serving customers in multiple regulated markets.

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, Sisal in Italy and other markets, and tombola, an online bingo operator.

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