Flutter Entertainment (NYSE:FLUT) Stock Price Target Cut by Wells Fargo & Company

Flutter Entertainment (NYSE:FLUT) had its target price decreased by stock analysts at Wells Fargo & Company from $112.00 to $86.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 5.49% from the company’s previous close.

Several other equities analysts also recently commented on the company. Zacks Research downgraded Flutter Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lowered their price target on Flutter Entertainment from $114.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 20th. Moffett Nathanson reiterated a “neutral” rating and issued a $92.00 price target on shares of Flutter Entertainment in a research report on Thursday, October 22nd. Wedbush dropped their price objective on Flutter Entertainment from $126.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft set a $148.00 price objective on Flutter Entertainment in a report on Thursday, August 6th. Two 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 given a Sell rating to the company. Based on data from MarketBeat, Flutter Entertainment presently has an average rating of “Moderate Buy” and an average target price of $131.07.

Flutter Entertainment Price Performance

FLUT traded down $1.44 during midday trading on Thursday, reaching $81.53. 3,542,024 shares of the company’s stock were exchanged, compared to its average volume of 2,613,464. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of -15.41, a price-to-earnings-growth ratio of 2.92 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. Flutter Entertainment has a one year low of $72.56 and a one year high of $235.77. The business has a 50-day simple moving average of $85.47 and a two-hundred day simple moving average of $104.88.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data 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). Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts predict that Flutter Entertainment will post 3.05 EPS for the current year.

Insider Activity at Flutter Entertainment

In other news, CEO Jeremy Jackson sold 1,762 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $172,429.32. Following the transaction, the chief executive officer directly owned 70,452 shares of the company’s stock, valued at $6,894,432.72. The trade was a 2.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO James Bishop sold 741 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $72,514.26. Following the completion of the transaction, the chief operating officer directly owned 16,864 shares in the company, valued at $1,650,311.04. The trade was a 4.21% decrease in their ownership of the stock. 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 quarter, insiders have sold 6,681 shares of company stock valued at $644,214. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Flutter Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its stake in Flutter Entertainment by 3.7% in the third quarter. Russell Investments Group Ltd. now owns 62,566 shares of the company’s stock worth $4,664,000 after purchasing an additional 2,237 shares in the last quarter. Jefferies Financial Group Inc. raised its holdings in shares of Flutter Entertainment by 1.0% in the third quarter. Jefferies Financial Group Inc. now owns 100,569 shares of the company’s stock valued at $7,496,000 after buying an additional 1,019 shares during the last quarter. M&G PLC raised its holdings 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 valued at $10,988,000 after buying an additional 4,577 shares during the last quarter. AlphaCore Capital LLC bought a new position in shares of Flutter Entertainment in the third quarter valued at about $269,000. Finally, Hohimer Wealth Management LLC acquired a new position in Flutter Entertainment during the 3rd quarter worth about $397,000.

Trending Headlines about 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

About Flutter Entertainment

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.