Flutter Entertainment (NYSE:FLUT) Given New $120.00 Price Target at UBS Group

Flutter Entertainment (NYSE:FLUT) had its price target lowered by UBS Group from $130.00 to $120.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

FLUT has been the subject of a number of other reports. Benchmark reduced their price objective on shares of Flutter Entertainment from $132.00 to $113.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Sanford C. Bernstein dropped their target price on shares of Flutter Entertainment from $110.00 to $100.00 and set a “market perform” rating on the stock in a research report on Tuesday. Wedbush cut their price target on shares of Flutter Entertainment from $126.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. Citigroup upgraded shares of Flutter Entertainment from a “neutral” rating to a “buy” rating and cut their price target for the company from $93.00 to $91.00 in a report on Wednesday, October 7th. Finally, Craig Hallum set a $95.00 price target on shares of Flutter Entertainment in a research report on Friday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $131.07.

Flutter Entertainment Stock Performance

Shares of NYSE FLUT opened at $82.88 on Thursday. Flutter Entertainment has a 52-week low of $72.56 and a 52-week high of $235.77. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of -15.67, a PEG ratio of 3.00 and a beta of 1.27. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.32. The stock’s fifty day simple moving average is $85.74 and its 200 day simple moving average is $105.40.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings results on Wednesday, November 4th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.50). The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.99 billion. Flutter Entertainment had a negative net margin of 5.37% and a positive return on equity of 4.26%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.64 EPS. As a group, sell-side analysts forecast that Flutter Entertainment will post 3.05 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Robert Coldrake sold 710 shares of the company’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 $69,480.60. Following the transaction, the chief financial officer directly owned 22,778 shares of the company’s stock, valued at approximately $2,229,055.08. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Jackson sold 2,112 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $93.32, for a total value of $197,091.84. Following the completion of the sale, the chief executive officer directly owned 72,214 shares of the company’s stock, valued at approximately $6,739,010.48. This represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 6,681 shares of company stock valued at $644,214 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Flutter Entertainment

Large investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of Flutter Entertainment by 286.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 52,805 shares of the company’s stock valued at $5,383,000 after buying an additional 39,133 shares during the period. Sei Investments Co. lifted its holdings in shares of Flutter Entertainment by 28.7% during the 1st quarter. Sei Investments Co. now owns 74,851 shares of the company’s stock valued at $7,631,000 after buying an additional 16,682 shares during the last quarter. Delta Global Management LP acquired a new stake in shares of Flutter Entertainment during the 1st quarter valued at about $1,461,000. Parvus Asset Management Jersey Ltd acquired a new stake in Flutter Entertainment in the second quarter valued at approximately $1,552,097,267. Finally, HughesLittle Investment Management Ltd. grew its position in Flutter Entertainment by 34.8% in the first quarter. HughesLittle Investment Management Ltd. now owns 329,440 shares of the company’s stock worth $33,586,000 after acquiring an additional 85,050 shares in the last quarter.

Key Flutter Entertainment News

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

• Positive Sentiment: FanDuel’s betting handle rose 13%, and U.S. revenue was a bright spot. However, Flutter is using promotions to attract customers, which may weigh on profitability. FanDuel Handle Rises 13% as Flutter Cuts 2026 Revenue Outlook
• Positive Sentiment: Flutter plans an additional $500 million in cost savings by 2029, which could help offset operating pressures. BTIG raised its price target to $96 and retained a Buy rating, while Susquehanna also nudged its target higher. Flutter cuts 2026 outlook and plans cost savings BTIG Research on Flutter
• Negative Sentiment: Third-quarter revenue of $3.87 billion missed estimates, and Flutter reported a $1.15 billion net loss, including a large Brazil impairment. The company also cut its 2026 outlook after revenue and adjusted EBITDA fell short of expectations. Flutter cuts full-year outlook after Q3 miss
• Negative Sentiment: Wells Fargo lowered its target to $86 and Citizens JMP cut its target to $116; Barclays also reduced its target to $125. These revisions signal more cautious expectations, even though the firms’ ratings remain at Equal Weight, Market Outperform and Overweight, respectively. Wells Fargo target cut Citizens JMP target cut

Flutter Entertainment Company Profile

Flutter Entertainment plc is a global sports betting and online gaming company headquartered in Dublin, Ireland. The company operates a portfolio of betting, gaming, poker and daily fantasy sports brands, serving customers through online platforms, mobile applications and, in some markets, retail locations.

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, and Sisal and SNAI in Italy.