Flutter Entertainment (NYSE:FLUT) Stock Moved Up to Hold by Wall Street Zen

Wall Street Zen upgraded shares of Flutter Entertainment (NYSE:FLUT) from a sell rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

FLUT has been the topic of several other research reports. Needham & Company LLC cut their price objective on shares of Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. BTIG Research lifted their target price on shares of Flutter Entertainment from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday. Sanford C. Bernstein lowered their target price on shares of Flutter Entertainment from $110.00 to $100.00 and set a “market perform” rating for the company in a research note on Tuesday, November 3rd. JPMorgan Chase & Co. dropped their target price on shares of Flutter Entertainment from $114.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 20th. Finally, Craig Hallum set a $95.00 target price on shares of Flutter Entertainment in a research report on Friday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Flutter Entertainment has an average rating of “Moderate Buy” and an average target price of $131.07.

Flutter Entertainment Trading Down 1.7%

Shares of NYSE:FLUT opened at $81.53 on Friday. The business’s 50-day moving average is $85.47 and its 200 day moving average is $104.88. Flutter Entertainment has a 1 year low of $72.56 and a 1 year high of $235.77. The firm has a market capitalization of $14.17 billion, a P/E ratio of -15.41, a P/E/G ratio of 2.99 and a beta of 1.27. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.91 and a quick ratio of 0.89.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings results on Wednesday, November 4th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.50). The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Flutter Entertainment had a negative net margin of 5.37% and a positive return on equity of 4.38%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 earnings per share. On average, research analysts predict that Flutter Entertainment will post 3.05 earnings per share for the current fiscal year.

Insider Activity at Flutter Entertainment

In other news, COO James Bishop sold 741 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $72,514.26. Following the transaction, the chief operating officer directly owned 16,864 shares of the company’s stock, valued at approximately $1,650,311.04. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 1,762 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total value of $172,429.32. Following the completion of the transaction, the chief executive officer directly owned 70,452 shares in the company, valued at $6,894,432.72. This represents a 2.44% 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 have sold a total of 6,681 shares of company stock worth $644,214 in the last quarter. 0.13% of the stock is owned by insiders.

Institutional Investors Weigh In On Flutter Entertainment

Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. lifted its stake in Flutter Entertainment by 3.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 62,566 shares of the company’s stock valued at $4,664,000 after acquiring an additional 2,237 shares during the period. Jefferies Financial Group Inc. boosted its holdings in shares of Flutter Entertainment by 1.0% in the 3rd quarter. Jefferies Financial Group Inc. now owns 100,569 shares of the company’s stock valued at $7,496,000 after acquiring an additional 1,019 shares during the last quarter. M&G PLC increased its stake in shares of Flutter Entertainment by 3.2% in the third quarter. M&G PLC now owns 146,500 shares of the company’s stock worth $10,988,000 after acquiring an additional 4,577 shares during the period. AlphaCore Capital LLC acquired a new stake in shares of Flutter Entertainment in the third quarter worth $269,000. Finally, Hohimer Wealth Management LLC acquired a new stake in shares of Flutter Entertainment in the third quarter worth $397,000.

Key Headlines Impacting Flutter Entertainment

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

• Positive Sentiment: FanDuel’s betting handle rose 13%, a sign of customer activity that could help support future growth. FanDuel Handle Rises 13% as Flutter Cuts 2026 Revenue Outlook
• Positive Sentiment: Flutter plans to deliver $500 million in additional cost savings by 2029, which could help offset some pressure on earnings. Flutter cuts 2026 guidance and targets $500m more savings by 2029
• Neutral Sentiment: Analysts have reduced several price targets following the results, though some retained positive ratings. UBS, for example, cut its target to $120 but maintained a Buy rating. UBS analyst recommendations
• Negative Sentiment: Flutter missed Q3 revenue and EBITDA expectations and lowered its 2026 outlook. Reports cited unfavorable football results, tax changes and Brazil-related challenges, including an impairment, as factors weighing on performance. Flutter cuts 2026 outlook after Q3 loss Tax hike, football results and Brazil’s betting ban hit Flutter Entertainment
• Negative Sentiment: DraftKings’ sharp selloff after cutting its forecast also pressured Flutter and highlighted investor concern about competition and spending in prediction markets across the betting sector. DraftKings plunges on weak forecast and prediction-market spending

Flutter Entertainment Company Profile

Flutter Entertainment is a global sports betting and gaming company that provides online and retail wagering, casino gaming and poker services. Its brands include FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, Sportsbet in Australia, and PokerStars in international markets.

The company serves customers across the United States, the United Kingdom and Ireland, Australia, and other international markets. Its offerings include online sports betting, iGaming products such as casino games, poker platforms, and, in some markets, betting shops.

Flutter was formed in 2016 through the merger of Paddy Power and Betfair and adopted the Flutter Entertainment name in 2019.