Flutter Entertainment plc (NYSE:FLUT – Get Free Report) Director Carolan Lennon sold 430 shares of Flutter Entertainment stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $245.71, for a total value of $105,655.30. Following the completion of the sale, the director now owns 769 shares of the company’s stock, valued at $188,950.99. The trade was a 35.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Flutter Entertainment Price Performance
FLUT opened at $242.67 on Friday. Flutter Entertainment plc has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The firm has a 50-day moving average of $236.36 and a 200 day moving average of $253.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $42.88 billion and a P/E ratio of 83.97.
Flutter Entertainment (NYSE:FLUT – Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.30). Flutter Entertainment had a negative return on equity of 4.52% and a negative net margin of 6.86%. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the prior year, the company earned $0.10 EPS. The company’s revenue was up 7.9% on a year-over-year basis. On average, research analysts expect that Flutter Entertainment plc will post 4.17 EPS for the current year.
Hedge Funds Weigh In On Flutter Entertainment
Analysts Set New Price Targets
FLUT has been the subject of a number of recent research reports. Wells Fargo & Company raised their target price on shares of Flutter Entertainment from $285.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Benchmark reissued a “buy” rating and set a $300.00 target price on shares of Flutter Entertainment in a research report on Monday, April 21st. Sanford C. Bernstein initiated coverage on shares of Flutter Entertainment in a research note on Wednesday. They issued a “market perform” rating and a $275.00 price objective on the stock. UBS Group boosted their price objective on Flutter Entertainment from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, JMP Securities dropped their target price on shares of Flutter Entertainment from $317.00 to $301.00 and set a “market outperform” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $303.79.
Check Out Our Latest Stock Report on Flutter Entertainment
Flutter Entertainment Company Profile
Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.
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