Flutter Entertainment PLC (NYSE:FLUT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Flutter Entertainment PLC (NYSE:FLUT) has earned a consensus rating of “Moderate Buy” from the twenty-five analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $234.65.

Several equities analysts have issued reports on the company. Texas Capital upgraded Flutter Entertainment to a “strong-buy” rating in a research note on Thursday, January 8th. Morgan Stanley decreased their price target on shares of Flutter Entertainment from $352.00 to $315.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. Susquehanna restated a “positive” rating and issued a $228.00 price target on shares of Flutter Entertainment in a report on Tuesday, January 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $170.00 price objective on shares of Flutter Entertainment in a research report on Friday, February 6th. Finally, Citizens Jmp reduced their price objective on shares of Flutter Entertainment from $275.00 to $195.00 and set a “market outperform” rating for the company in a research note on Friday, February 27th.

Flutter Entertainment Stock Performance

Shares of NYSE:FLUT opened at $107.87 on Wednesday. The firm has a 50 day moving average of $137.65 and a 200 day moving average of $200.18. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $18.91 billion, a price-to-earnings ratio of -59.93, a price-to-earnings-growth ratio of 0.74 and a beta of 2.30. Flutter Entertainment has a 52 week low of $99.96 and a 52 week high of $313.68.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings results on Thursday, February 26th. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.37). The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.87 billion. Flutter Entertainment had a negative net margin of 1.89% and a positive return on equity of 12.12%. The company’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.94 earnings per share. On average, sell-side analysts predict that Flutter Entertainment will post 4.17 earnings per share for the current fiscal year.

Flutter Entertainment declared that its Board of Directors has authorized a stock buyback program on Wednesday, March 11th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Trending Headlines about Flutter Entertainment

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

• Positive Sentiment: Legislative catalyst — a bipartisan Senate bill aiming to ban sports contracts on prediction-market exchanges would remove a growing unregulated competitor class and strengthen licensed operators like FanDuel, improving Flutter’s U.S. growth and margin outlook. Regulatory Jackpot: Gaming Stocks Surge on a Surprise Bill
• Positive Sentiment: Market reaction — multiple outlets (MarketWatch, MSN, Benzinga) report immediate share rallies for DraftKings and Flutter after the bill news, signifying investor belief the legislation improves incumbents’ pricing power and market share. DraftKings, Flutter Rise on Bill to Ban Sports Betting on Prediction-Market Exchanges
• Positive Sentiment: Buyback signal — Flutter has cancelled 179,729 shares as its U.S. buyback accelerates, which is a capital-allocation signal that can support the share price over time. Flutter cancels 179,729 shares as U.S. buyback gathers pace
• Neutral Sentiment: Sector context — coverage comparing Flutter with peers (e.g., Take-Two) highlights differing growth/valuation profiles; useful for relative-value investors but not an immediate price driver. Analyzing Take-Two Interactive Software (NASDAQ:TTWO) and Flutter Entertainment (NYSE:FLUT)
• Neutral Sentiment: Market skepticism — some commentators caution the rally may be short-lived because legislation still needs to pass and prediction-market demand/innovation drivers remain intact. That keeps risk elevated. Monday’s rally in Entain and Flutter may not survive contact with reality
• Negative Sentiment: Valuation and fundamentals concern — recent analysis flags steep share-price declines, a missed quarterly EPS and revenue shortfall (Feb. 26), and stretched moving averages, all of which fuel near-term downside risk if catalysts fail to materialize. Flutter Entertainment (NYSE:FLUT) Valuation Check After Steep Share Price Declines

Insider Buying and Selling at Flutter Entertainment

In other news, CFO Robert Coldrake sold 4,613 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $106.45, for a total transaction of $491,053.85. Following the transaction, the chief financial officer owned 10,006 shares in the company, valued at $1,065,138.70. This represents a 31.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeremy Peter Jackson sold 4,326 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $108.00, for a total transaction of $467,208.00. Following the completion of the transaction, the chief executive officer directly owned 36,788 shares of the company’s stock, valued at $3,973,104. The trade was a 10.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 17,834 shares of company stock worth $1,900,331. 0.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FLUT. JFS Wealth Advisors LLC acquired a new stake in shares of Flutter Entertainment during the third quarter worth about $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in Flutter Entertainment by 219.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock worth $25,000 after buying an additional 79 shares during the period. JCIC Asset Management Inc. acquired a new position in Flutter Entertainment in the 3rd quarter worth approximately $32,000. Zions Bancorporation National Association UT raised its position 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 worth $27,000 after buying an additional 118 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Flutter Entertainment during the 3rd quarter worth approximately $34,000.

About Flutter Entertainment

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.