Needham & Company LLC Has Lowered Expectations for Flutter Entertainment (NYSE:FLUT) Stock Price

Flutter Entertainment (NYSE:FLUT) had its price objective reduced by Needham & Company LLC from $135.00 to $110.00 in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 16.47% from the company’s previous close.

FLUT has been the topic of several other research reports. Citizens Jmp dropped their target price on shares of Flutter Entertainment from $165.00 to $159.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 8th. Wedbush reiterated an “outperform” rating and set a $138.00 price objective on shares of Flutter Entertainment in a research report on Friday, July 17th. Weiss Ratings restated a “sell (d)” rating on shares of Flutter Entertainment in a research note on Wednesday, May 27th. Truist Financial lowered their price objective on shares of Flutter Entertainment from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company reduced their target price on shares of Flutter Entertainment from $168.00 to $137.00 and set an “equal weight” rating for the company in a report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.23.

Flutter Entertainment Price Performance

FLUT stock opened at $94.44 on Thursday. Flutter Entertainment has a 52-week low of $89.71 and a 52-week high of $309.41. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.90 and a current ratio of 0.89. The firm has a market capitalization of $16.39 billion, a price-to-earnings ratio of -21.96, a PEG ratio of 1.27 and a beta of 1.28. The firm has a 50 day moving average price of $104.52 and a 200-day moving average price of $113.52.

Flutter Entertainment (NYSE:FLUT) last issued its earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.05). Flutter Entertainment had a positive return on equity of 7.27% and a negative net margin of 4.39%.The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period last year, the firm posted $2.95 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Flutter Entertainment will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling at Flutter Entertainment

In other news, Director Carolan Lennon sold 439 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $94.63, for a total transaction of $41,542.57. Following the transaction, the director owned 1,688 shares of the company’s stock, valued at approximately $159,735.44. The trade was a 20.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Don H. Liu sold 1,259 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $93.37, for a total transaction of $117,552.83. Following the completion of the sale, the insider owned 21,006 shares of the company’s stock, valued at $1,961,330.22. This trade represents a 5.65% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders bought 4,144 shares of company stock valued at $399,337 and sold 5,865 shares valued at $564,213. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Flutter Entertainment

Several hedge funds have recently bought and sold shares of the business. Zions Bancorporation National Association UT raised its stake in shares of Flutter Entertainment by 1,685.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 118 shares in the last quarter. EFG International AG purchased a new position in shares of Flutter Entertainment during the fourth quarter valued at $36,000. IFP Advisors Inc increased its stake in shares of Flutter Entertainment by 93.8% during the fourth quarter. IFP Advisors Inc now owns 186 shares of the company’s stock valued at $40,000 after buying an additional 90 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of Flutter Entertainment by 83.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock valued at $42,000 after acquiring an additional 75 shares in the last quarter. Finally, LM Advisors LLC purchased a new stake in Flutter Entertainment in the fourth quarter worth about $46,000.

Key Headlines Impacting Flutter Entertainment

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

• Positive Sentiment: Analysts see potential upside after the selloff. Citi upgraded Flutter to “neutral,” saying the roughly 13% decline since April has reset expectations, while maintaining a target near $93. Benchmark, Stifel and Needham also retained “buy” ratings despite lowering their price targets. Citi upgrades Flutter after 13% share price slide
• Positive Sentiment: Revenue exceeded expectations. Flutter reported quarterly revenue of approximately $4.33 billion, ahead of the $4.24 billion consensus estimate and up 3.3% year over year. Investor Michael Burry has also reportedly viewed the depressed valuation as a buying opportunity. Flutter Q2 CY2026 beats on revenue but stock drops

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.