Flutter Entertainment (NYSE:FLUT) Price Target Cut to $125.00 by Analysts at Barclays

Flutter Entertainment (NYSE:FLUT) had its price target cut by analysts at Barclays from $133.00 to $125.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 50.90% from the company’s previous close.

A number of other equities analysts have also recently issued reports on FLUT. Weiss Ratings restated a “sell (d)” rating on shares of Flutter Entertainment in a research report on Monday, August 24th. Zacks Research downgraded Flutter Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Truist Financial reduced their target price on Flutter Entertainment from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Susquehanna lifted their price objective on Flutter Entertainment from $100.00 to $101.00 and gave the stock a “positive” rating in a research report on Thursday. Finally, Benchmark decreased their target price on shares of Flutter Entertainment from $132.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.44.

Flutter Entertainment Stock Performance

FLUT traded up $1.05 on Thursday, hitting $82.84. 1,645,442 shares of the company traded hands, compared to its average volume of 3,271,151. The company has a 50 day moving average of $86.04 and a 200-day moving average of $105.93. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $14.38 billion, a PE ratio of -19.21, a PEG ratio of 3.07 and a beta of 1.27. Flutter Entertainment has a 12-month low of $72.56 and a 12-month high of $235.77.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.50). The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. Flutter Entertainment’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 EPS. Sell-side analysts anticipate that Flutter Entertainment will post 3.05 earnings per share for the current year.

Insider Buying and Selling at Flutter Entertainment

In other news, COO James Bishop sold 741 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total value of $72,514.26. Following the sale, the chief operating officer owned 16,864 shares in the company, valued at approximately $1,650,311.04. This represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Don H. Liu sold 565 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $55,290.90. Following the transaction, the insider directly owned 20,441 shares in the company, valued at approximately $2,000,356.26. This represents a 2.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 6,681 shares of company stock worth $644,214. Insiders own 0.13% of the company’s stock.

Institutional Trading of Flutter Entertainment

Several hedge funds have recently bought and sold shares of the company. M&G PLC increased its holdings in shares of Flutter Entertainment by 3.2% during the third quarter. M&G PLC now owns 146,500 shares of the company’s stock worth $10,988,000 after buying an additional 4,577 shares in the last quarter. AlphaCore Capital LLC bought a new stake in Flutter Entertainment during the 3rd quarter worth $269,000. Hohimer Wealth Management LLC acquired a new position in Flutter Entertainment in the 3rd quarter worth about $397,000. Ethic Inc. increased its holdings in Flutter Entertainment by 21.6% in the 3rd quarter. Ethic Inc. now owns 5,389 shares of the company’s stock worth $402,000 after purchasing an additional 957 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Flutter Entertainment by 50.6% in the 3rd quarter. Parallel Advisors LLC now owns 917 shares of the company’s stock worth $68,000 after purchasing an additional 308 shares in the last quarter.

More Flutter Entertainment News

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

• Positive Sentiment: U.S. revenue was a bright spot in the quarter, providing some evidence of continued growth in Flutter’s core market. Article: Flutter Results Miss the Mark. U.S. Revenue Was a Bright Spot.
• Positive Sentiment: Some analysts still see upside: Citizens JMP cut its target to $116 but kept a market-outperform rating, while Susquehanna raised its target to $101 and retained a positive rating. Article: Citizens JMP price target update
• Neutral Sentiment: Analyst views are mixed. Wells Fargo lowered its target sharply, from $112 to $86, and maintained an equal-weight rating; BTIG modestly raised its target to $96 and kept a buy rating. Wells Fargo rating information
• Negative Sentiment: Q3 revenue rose about 2% year over year to $3.87 billion but missed expectations of $3.99 billion. Flutter reported a $0.18-per-share loss, versus analyst expectations for a profit, and adjusted earnings and EBITDA also missed estimates. Article: Flutter Entertainment Reports Q3 Loss, Lags Revenue Estimates
• Negative Sentiment: Flutter cut its full-year outlook after the results. A roughly $873 million Brazil impairment, regulatory and tax headwinds, and unfavorable football outcomes weighed on performance; the company also paused share buybacks to prioritize debt reduction and savings. Article: Flutter cuts 2026 guidance and targets $500m more savings by 2029

About Flutter Entertainment

Flutter Entertainment plc is a global sports betting and online gaming company headquartered in Dublin, Ireland. The company operates a portfolio of betting, gaming, poker and daily fantasy sports brands, serving customers through online platforms, mobile applications and, in some markets, retail locations.

Its principal brands include FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, Sky Bet in the United Kingdom, PokerStars internationally, and Sisal and SNAI in Italy.