Flutter Entertainment PLC (NYSE:FLUT) Short Interest Update

Flutter Entertainment PLC (NYSE:FLUT) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 9,052,256 shares, a decrease of 27.4% from the February 12th total of 12,469,256 shares. Approximately 5.2% of the company’s stock are sold short. Based on an average daily trading volume, of 6,395,129 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily trading volume, of 6,395,129 shares, the days-to-cover ratio is presently 1.4 days. Approximately 5.2% of the company’s stock are sold short.

Insiders Place Their Bets

In other news, CFO Robert Coldrake sold 4,613 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $106.45, for a total value of $491,053.85. Following the transaction, the chief financial officer directly owned 10,006 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, CEO Amy Howe sold 8,895 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $105.91, for a total value of $942,069.45. Following the sale, the chief executive officer owned 78,889 shares of the company’s stock, valued at approximately $8,355,133.99. This represents a 10.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,834 shares of company stock worth $1,900,331 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.

Institutional Trading of Flutter Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of FLUT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Flutter Entertainment by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock worth $290,000 after buying an additional 69 shares during the period. Sivia Capital Partners LLC acquired a new position in Flutter Entertainment during the 2nd quarter worth $405,000. Savant Capital LLC acquired a new position in Flutter Entertainment during the 2nd quarter worth $909,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Flutter Entertainment during the second quarter valued at about $848,000. Finally, Allworth Financial LP boosted its holdings in Flutter Entertainment by 116.4% during the second quarter. Allworth Financial LP now owns 145 shares of the company’s stock valued at $41,000 after acquiring an additional 78 shares during the period.

Trending Headlines about Flutter Entertainment

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

• Positive Sentiment: Board authorizes buyback — The Board approved a $250 million share repurchase program (up to ~1.3% of shares), which reduces float and signals management thinks shares are undervalued; buybacks often support near-term stock demand. Flutter Entertainment (NYSE:FLUT) Announces Stock Buyback Program
• Positive Sentiment: Prediction markets & product investment — Management is expanding FanDuel Predicts and treating prediction markets as incremental TAM; company plans material investment to scale the product ahead of major sports seasons, which could drive revenue growth and engagement. 3 Stocks Betting Big on Prediction Markets This March Madness
• Positive Sentiment: Analyst/market write-ups lift valuation narrative — Recent commentary argues FLUT’s valuation has improved on updates and investor focus on scale/EBITDA could support multiple expansion if growth re-accelerates. Flutter Entertainment (NYSE:FLUT) Valuation Climbs Higher Following Latest Market Update
• Neutral Sentiment: Long-term opportunity debate — Commentary examines whether the recent multi-quarter share price decline creates a buy-the-dip chance; useful for investors weighing fundamentals vs. macro/sector headwinds. Has Flutter Entertainment (NYSE:FLUT) Share Price Slump Created A Long Term Opportunity?
• Neutral Sentiment: Director RSUs granted — The company issued restricted stock units to an independent director (standard governance/compensation action); modest dilution/expense but routine. Flutter grants RSUs to independent director Stefan Bomhard
• Negative Sentiment: Institutional trimming — Los Angeles-based Capital Group reduced its holding, a high-profile institutional seller that can pressure sentiment and indicate waning confidence from a major shareholder. Los Angeles fund Capital Group reduces Flutter Entertainment holding
• Negative Sentiment: Executive insider selling — Multiple senior executives disclosed large stock sales (CEO(s) and CFO reduced positions last week), which markets often view negatively even if sales are for diversification/liquidity. SEC Filing — Amy Howe Form 4

Analysts Set New Price Targets

Several research analysts have weighed in on FLUT shares. Canaccord Genuity Group dropped their target price on Flutter Entertainment from $270.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Susquehanna reiterated a “positive” rating and set a $228.00 price target on shares of Flutter Entertainment in a report on Tuesday, January 27th. Morgan Stanley lowered their price target on Flutter Entertainment from $352.00 to $315.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. Zacks Research downgraded Flutter Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Finally, Citigroup reiterated an “outperform” rating on shares of Flutter Entertainment in a research note on Monday, January 5th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.65.

Flutter Entertainment Stock Up 2.6%

Shares of NYSE:FLUT traded up $2.73 on Friday, reaching $108.26. The company had a trading volume of 2,584,183 shares, compared to its average volume of 5,200,392. The stock has a market capitalization of $18.98 billion, a P/E ratio of -60.14, a P/E/G ratio of 0.74 and a beta of 2.30. The stock has a 50-day moving average price of $152.49 and a 200 day moving average price of $210.38. Flutter Entertainment has a twelve month low of $99.96 and a twelve month high of $313.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.31.

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

Flutter Entertainment declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 11th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.