Analysts Set Flutter Entertainment PLC (NYSE:FLUT) PT at $209.29

Flutter Entertainment PLC (NYSE:FLUT) has received a consensus rating of “Moderate Buy” from the twenty-eight analysts that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $194.2273.

Several research analysts have weighed in on FLUT shares. Kepler Capital Markets lowered Flutter Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Truist Financial dropped their target price on Flutter Entertainment from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Wells Fargo & Company dropped their target price on Flutter Entertainment from $164.00 to $161.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Oppenheimer decreased their price target on Flutter Entertainment from $210.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Finally, Susquehanna decreased their price target on Flutter Entertainment from $160.00 to $143.00 and set a “positive” rating for the company in a research note on Tuesday, March 31st.

Insider Activity at Flutter Entertainment

In related news, COO James Philip Bishop purchased 1,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $99.75 per share, for a total transaction of $99,750.00. Following the purchase, the chief operating officer owned 17,605 shares in the company, valued at $1,756,098.75. The trade was a 6.02% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeremy Peter Jackson sold 3,084 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $98.13, for a total value of $302,632.92. Following the sale, the chief executive officer owned 74,326 shares of the company’s stock, valued at approximately $7,293,610.38. This trade represents a 3.98% 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. In the last 90 days, insiders have purchased 10,453 shares of company stock worth $1,045,526 and have sold 21,047 shares worth $2,216,045. Insiders own 0.09% of the company’s stock.

Institutional Trading of Flutter Entertainment

Several large investors have recently made changes to their positions in the stock. JFS Wealth Advisors LLC bought a new stake in Flutter Entertainment during the 3rd quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in Flutter Entertainment by 219.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares during the period. JCIC Asset Management Inc. bought a new stake in Flutter Entertainment during the 3rd quarter valued at approximately $32,000. Zions Bancorporation National Association UT boosted its stake in Flutter Entertainment by 1,685.7% during the 4th quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 118 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in Flutter Entertainment during the 3rd quarter valued at approximately $34,000.

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $95.02 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.90 and a quick ratio of 0.90. Flutter Entertainment has a fifty-two week low of $92.22 and a fifty-two week high of $313.68. The stock’s 50-day moving average is $106.15 and its two-hundred day moving average is $161.64. The firm has a market cap of $16.53 billion, a P/E ratio of -44.40, a PEG ratio of 1.21 and a beta of 1.58.

Flutter Entertainment (NYSE:FLUT) last issued its earnings results on Wednesday, May 6th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.13. Flutter Entertainment had a positive return on equity of 11.60% and a negative net margin of 2.20%.The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same period in the prior year, the firm posted $1.59 EPS. The business’s revenue was up 17.4% compared to the same quarter last year. Analysts predict that Flutter Entertainment will post 5.14 earnings per share for the current fiscal year.

Flutter Entertainment announced that its board has initiated a stock repurchase program on Wednesday, March 11th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

More Flutter Entertainment News

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

• Positive Sentiment: Several insiders have been buying shares, including CEO Daniel Mark Taylor, COO James Philip Bishop, and directors John A. Bryant, Stefan Andreas Bomhard, and Don H. Liu. That cluster of buying can signal management confidence that FLUT may be undervalued after the recent decline. Article on insider buying
• Positive Sentiment: Flutter canceled 197,611 shares in the latest tranche of its $5 billion buyback program, which supports earnings per share and shows continued capital return to shareholders. Article on buyback cancellation
• Neutral Sentiment: BlackRock reportedly added more Flutter shares, which may reflect institutional confidence and also fuel speculation that a London delisting could become more likely. Article on BlackRock buying shares
• Neutral Sentiment: Analysts’ questions from Flutter’s Q1 earnings call suggest investors are still focused on execution, margin trends, and the durability of U.S. growth after the recent reset in expectations. Article on Q1 earnings call questions
• Negative Sentiment: Citi warned Flutter’s U.S. profit targets may still be too high, raising the risk of further disappointment if second-half results do not meet expectations. Article on Citi warning
• Negative Sentiment: A recent report said FLUT was down sharply after its Q1 miss, CEO exit, and leadership shake-up, reinforcing concerns about the company’s near-term earnings trajectory and management stability. Article on stock decline

Flutter Entertainment Company Profile

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.