Flutter Entertainment (NYSE:FLUT) Reaches New 12-Month Low – Time to Sell?

Flutter Entertainment PLC (NYSE:FLUT)’s share price hit a new 52-week low on Wednesday . The company traded as low as $147.66 and last traded at $146.8060, with a volume of 388818 shares. The stock had previously closed at $151.63.

Wall Street Analysts Forecast Growth

FLUT has been the subject of several analyst reports. Stifel Nicolaus reduced their price target on shares of Flutter Entertainment from $304.00 to $259.00 and set a “buy” rating for the company in a report on Friday, January 30th. Zacks Research cut Flutter Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. UBS Group reduced their price objective on Flutter Entertainment from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Tuesday. Wells Fargo & Company restated an “equal weight” rating and issued a $228.00 target price (down from $248.00) on shares of Flutter Entertainment in a research report on Wednesday, January 14th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Flutter Entertainment in a research note on Monday, January 5th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.48.

Flutter Entertainment Stock Performance

The firm has a market cap of $25.51 billion, a PE ratio of -111.95 and a beta of 1.88. The stock has a 50-day moving average price of $198.51 and a 200 day moving average price of $238.88. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $1.25. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $2.92 billion. Flutter Entertainment had a positive return on equity of 14.42% and a negative net margin of 0.95%.The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company earned $1.27 EPS. Research analysts forecast that Flutter Entertainment PLC will post 4.17 earnings per share for the current year.

Institutional Investors Weigh In On Flutter Entertainment

Institutional investors have recently bought and sold shares of the stock. JFS Wealth Advisors LLC acquired a new position in Flutter Entertainment during the third quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Flutter Entertainment by 219.4% during 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 last quarter. JCIC Asset Management Inc. acquired a new stake in shares of Flutter Entertainment during the 3rd quarter worth $32,000. Atlantic Union Bankshares Corp purchased a new position in shares of Flutter Entertainment in the 3rd quarter worth $34,000. Finally, ORG Partners LLC boosted its holdings in Flutter Entertainment by 43.0% in the third quarter. ORG Partners LLC now owns 143 shares of the company’s stock valued at $36,000 after acquiring an additional 43 shares during the last quarter.

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.