Flutter Entertainment (NYSE:FLUT – Get Free Report) had its target price lowered by equities researchers at Citizens Jmp from $188.00 to $165.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price target points to a potential upside of 63.10% from the company’s current price.
A number of other research firms have also recently weighed in on FLUT. Stifel Nicolaus decreased their price objective on shares of Flutter Entertainment from $216.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Citigroup cut Flutter Entertainment from a “buy” rating to a “sell” rating in a research note on Thursday, April 16th. Sanford C. Bernstein reduced their price target on Flutter Entertainment from $125.00 to $115.00 and set a “market perform” rating for the company in a report on Thursday. Truist Financial lowered their price objective on Flutter Entertainment from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Bank of America dropped their price objective on Flutter Entertainment from $250.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Two research 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $194.23.
Read Our Latest Research Report on Flutter Entertainment
Flutter Entertainment Stock Down 0.0%
Flutter Entertainment (NYSE:FLUT – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.22 EPS for the quarter, beating 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 firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter last year, the firm posted $1.59 earnings per share. Flutter Entertainment’s revenue for the quarter was up 17.4% compared to the same quarter last year. Equities analysts forecast that Flutter Entertainment will post 5.14 earnings per share for the current year.
Flutter Entertainment announced that its Board of Directors has authorized a stock buyback plan on Wednesday, March 11th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Insiders Place Their Bets
In other news, CEO Jeremy Peter Jackson sold 4,326 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $108.00, for a total value of $467,208.00. Following the completion of the sale, the chief executive officer directly owned 36,788 shares in the company, valued at approximately $3,973,104. The trade was a 10.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert Coldrake sold 4,613 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 10,006 shares in the company, valued at approximately $1,065,138.70. This represents a 31.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,834 shares of company stock valued at $1,900,331 in the last quarter. Insiders own 0.09% of the company’s stock.
Institutional Trading of Flutter Entertainment
Several institutional investors have recently added to or reduced their stakes in the business. Cibc World Markets Corp acquired a new stake in shares of Flutter Entertainment during the fourth quarter worth $1,678,841,000. Hsbc Holdings PLC boosted its holdings in shares of Flutter Entertainment by 33,988.7% in the 1st quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company’s stock valued at $575,185,000 after buying an additional 5,589,099 shares during the period. Capital International Investors grew its position in shares of Flutter Entertainment by 146.8% during the 4th quarter. Capital International Investors now owns 8,039,066 shares of the company’s stock valued at $1,728,772,000 after buying an additional 4,782,302 shares during the last quarter. Norges Bank bought a new stake in shares of Flutter Entertainment during the 4th quarter valued at about $694,009,000. Finally, Durable Capital Partners LP grew its position in shares of Flutter Entertainment by 274.2% during the 3rd quarter. Durable Capital Partners LP now owns 1,243,988 shares of the company’s stock valued at $315,973,000 after buying an additional 911,507 shares during the last quarter.
Flutter Entertainment News Summary
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
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.
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