Flutter Entertainment (NYSE:FLUT) Cut to “Hold” at Craig Hallum

Craig Hallum downgraded shares of Flutter Entertainment (NYSE:FLUT) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, MarketBeat.com reports. Craig Hallum currently has $200.00 target price on the stock.

FLUT has been the subject of a number of other research reports. Oppenheimer cut their target price on shares of Flutter Entertainment from $350.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Stifel Nicolaus reduced their target price on Flutter Entertainment from $339.00 to $330.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Citizens Jmp raised their target price on Flutter Entertainment from $311.00 to $313.00 and gave the company a “market outperform” rating in a research report on Monday, January 5th. Wells Fargo & Company reiterated an “equal weight” rating and set a $228.00 price target (down from $248.00) on shares of Flutter Entertainment in a research report on Wednesday, January 14th. Finally, JMP Securities decreased their price objective on Flutter Entertainment from $345.00 to $340.00 and set a “market outperform” rating on the stock in a report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $289.81.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $174.83 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a fifty day moving average of $207.51 and a 200 day moving average of $251.14. The firm has a market cap of $30.63 billion, a PE ratio of -134.49 and a beta of 1.88. Flutter Entertainment has a one year low of $173.85 and a one year high of $313.68.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its holdings in shares of Flutter Entertainment by 54.1% in the fourth quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock valued at $199,000 after purchasing an additional 325 shares during the period. Elevate Capital Advisors LLC boosted its holdings in Flutter Entertainment by 30.0% in the 4th quarter. Elevate Capital Advisors LLC now owns 2,864 shares of the company’s stock valued at $616,000 after purchasing an additional 661 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Flutter Entertainment by 3.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,961,244 shares of the company’s stock valued at $636,786,000 after buying an additional 96,563 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Flutter Entertainment during the 4th quarter worth approximately $85,000. Finally, Rathbones Group PLC raised its position in shares of Flutter Entertainment by 2.8% during the 4th quarter. Rathbones Group PLC now owns 7,017 shares of the company’s stock valued at $1,509,000 after buying an additional 192 shares during the period.

Key Flutter Entertainment News

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

• Positive Sentiment: Citizens JMP cut its price target from $313 to $275 but kept a “market outperform” rating, signaling the firm still sees significant longer‑term upside (~57% from current levels). Read More.
• Neutral Sentiment: Bank of America trimmed its target to $210 and moved to a “neutral” stance — a moderation of optimism that still implies roughly ~20% upside but removes a bullish endorsement. Read More.
• Neutral Sentiment: An analyst note / review flagged a “claimed 39% valuation gap” amid recent share weakness, an analytical view that could be read as either an overreaction or a signal of mispricing depending on assumptions — not an immediate catalyst. Read More.
• Negative Sentiment: Craig-Hallum downgraded FLUT to Hold, citing accumulating transitory headwinds. That downgrade has been widely reported and likely amplified short‑term selling. Read More.
• Negative Sentiment: Follow‑up coverage noted the Craig‑Hallum rating cut as a direct reason for the drop in investor sentiment, contributing to increased volatility. Read More.
• Negative Sentiment: Reports show FLUT has reached a new one‑year low after the analyst downgrades, confirming that the market reaction has already pushed the shares materially lower. Read More.

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.