Flutter Entertainment (NYSE:FLUT – Get Free Report) had its price target decreased by research analysts at Needham & Company LLC from $150.00 to $135.00 in a report released on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 33.44% from the company’s current price.
Other equities analysts also recently issued reports about the company. Bank of America lowered their target price on Flutter Entertainment from $250.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Citigroup cut Flutter Entertainment from a “buy” rating to a “sell” rating in a research report on Thursday, April 16th. Craig Hallum downgraded Flutter Entertainment from a “buy” rating to a “hold” rating and set a $200.00 price objective on the stock. in a research note on Wednesday, January 21st. BTIG Research cut their price objective on Flutter Entertainment from $180.00 to $177.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Finally, Oppenheimer reduced their target price on shares of Flutter Entertainment from $210.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Flutter Entertainment has a consensus rating of “Moderate Buy” and an average target price of $194.23.
View Our Latest Report on Flutter Entertainment
Flutter Entertainment Stock Down 0.0%
Flutter Entertainment (NYSE:FLUT – Get Free Report) last issued its quarterly 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 negative net margin of 2.20% and a positive return on equity of 11.60%. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter last year, the company posted $1.59 EPS. The company’s revenue was up 17.4% compared to the same quarter last year. On average, research analysts expect that Flutter Entertainment will post 5.14 earnings per share for the current year.
Flutter Entertainment announced that its board has approved a share buyback plan 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 shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Insider Transactions 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 stock was sold at an average price of $106.45, for a total value of $491,053.85. Following the completion of the transaction, the chief financial officer owned 10,006 shares of the company’s stock, 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 at this hyperlink. Also, CEO Jeremy Peter Jackson sold 4,326 shares of Flutter Entertainment stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $108.00, for a total value of $467,208.00. Following the sale, the chief executive officer directly owned 36,788 shares in the company, valued at $3,973,104. This trade represents a 10.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,834 shares of company stock valued at $1,900,331 over the last 90 days. Company insiders own 0.09% of the company’s stock.
Hedge Funds Weigh In On Flutter Entertainment
Hedge funds have recently modified their holdings of the stock. Makena Capital Management LLC purchased a new stake in shares of Flutter Entertainment during the 3rd quarter worth approximately $11,517,000. TimesSquare Capital Management LLC grew its holdings in shares of Flutter Entertainment by 294.1% in the third quarter. TimesSquare Capital Management LLC now owns 378,878 shares of the company’s stock valued at $96,235,000 after purchasing an additional 282,736 shares in the last quarter. AGF Management Ltd. bought a new stake in Flutter Entertainment in the third quarter worth $9,519,000. Mutual of America Capital Management LLC purchased a new stake in Flutter Entertainment during the third quarter valued at $2,173,000. Finally, Federated Hermes Inc. purchased a new stake in Flutter Entertainment during the third quarter valued at $169,777,000.
Key Headlines Impacting Flutter Entertainment
Here are the key news stories impacting Flutter Entertainment this week:
- Positive Sentiment: Flutter continued its $5 billion share buyback program, including fresh U.S. share redemptions and the cancellation of 253,947 shares, which can support earnings per share and signal management confidence. Flutter Continues $5bn Buyback With Fresh US Share Redemption
- Positive Sentiment: The company reported Q1 revenue and EPS ahead of estimates, with revenue up 17.4% year over year and management signaling it is keeping 2026 targets intact for now. Flutter Entertainment Surpasses Q1 Earnings and Revenue Estimates
- Positive Sentiment: Analysts still broadly view the stock favorably despite trimming targets, with multiple firms maintaining buy or outperform ratings, implying meaningful upside from current levels. Analyst price target updates
- Neutral Sentiment: Flutter is reviewing its London listing and may delist from the LSE, a corporate-structure decision that could affect investor access and trading dynamics but does not change near-term operating performance. Flutter Entertainment reviewing its LSE listing following US-heavy Q1
- Neutral Sentiment: AWS’s outage hit some trading platforms including FanDuel-related services, but this appears to be an external infrastructure issue rather than a Flutter-specific fundamental problem. AWS data center outage hits trading on Fanduel, Coinbase
- Negative Sentiment: Flutter cut guidance after the quarter and investors are focusing on signs that U.S. growth may be slowing, which is weighing on the shares. Flutter shares slide 4% as profit drop and US struggles overshadow revenue beat
- Negative Sentiment: FanDuel CEO Amy Howe has departed, and Flutter is reshuffling leadership at its key U.S. unit, adding execution risk at a critical growth engine. FanDuel Chief Executive Amy Howe Departs Company
- Negative Sentiment: Several brokerages lowered price targets after Q1, reflecting concern that earnings strength may be offset by margin pressure, higher costs, and weaker U.S. expectations. Price target reductions by Wells Fargo, Citizens JMP, Benchmark, BTIG, and Needham
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.
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