Flutter Entertainment (NYSE:FLUT – Free Report) had its target price decreased by Needham & Company LLC from $150.00 to $135.00 in a research note released on Thursday morning, MarketBeat reports. Needham & Company LLC currently has a buy rating on the stock.
Other analysts also recently issued reports about the stock. Craig Hallum downgraded shares of Flutter Entertainment from a “buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a report on Wednesday, January 21st. Bank of America lowered their price target on Flutter Entertainment from $250.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Stifel Nicolaus cut their price objective on Flutter Entertainment from $216.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Citizens Jmp reduced their price objective on Flutter Entertainment from $195.00 to $188.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 8th. Finally, UBS Group decreased their price objective on Flutter Entertainment from $300.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $194.23.
Check Out Our Latest Analysis on Flutter Entertainment
Flutter Entertainment Price Performance
Flutter Entertainment (NYSE:FLUT – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.13. Flutter Entertainment had a negative net margin of 2.20% and a positive return on equity of 11.47%. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period last year, the firm posted $1.59 earnings per share. Flutter Entertainment’s quarterly revenue was up 17.4% on a year-over-year basis. As a group, research analysts forecast that Flutter Entertainment will post 5.14 EPS for the current fiscal year.
Flutter Entertainment announced that its board has authorized a stock repurchase program on Wednesday, March 11th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
Insider Buying and Selling at Flutter Entertainment
In other Flutter Entertainment news, CEO Jeremy Peter Jackson sold 4,326 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $108.00, for a total transaction of $467,208.00. Following the completion of the sale, the chief executive officer directly owned 36,788 shares in the company, valued at $3,973,104. This represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Robert Coldrake sold 4,613 shares of Flutter Entertainment stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $106.45, for a total value of $491,053.85. Following the completion of the transaction, the chief financial officer owned 10,006 shares in the company, valued at approximately $1,065,138.70. This represents a 31.55% decrease in their position. 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 over the last three months. Company insiders own 0.09% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its position in Flutter Entertainment by 219.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock valued at $25,000 after buying an additional 79 shares during the period. JFS Wealth Advisors LLC purchased a new position in shares of Flutter Entertainment in the third quarter valued at about $27,000. Zions Bancorporation National Association UT raised its stake in shares of Flutter Entertainment by 1,685.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 118 shares during the last quarter. JCIC Asset Management Inc. purchased a new stake in shares of Flutter Entertainment during the third quarter worth about $32,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Flutter Entertainment in the third quarter worth about $34,000.
Flutter Entertainment News Roundup
Here are the key news stories impacting Flutter Entertainment this week:
- Positive Sentiment: Continued buyback supports shares and reduces float — Flutter has continued its $5bn repurchase programme with fresh U.S. share redemptions, which is a direct capital-return catalyst for the stock. Flutter Continues $5bn Buyback With Fresh US Share Redemption
- Positive Sentiment: Share cancellations shrink outstanding share count — Flutter cancelled 253,947 ordinary shares as part of the ongoing buyback, a modest but supportive capital-return action. Flutter Cancels 253,947 Shares in Ongoing $5bn Buyback Programme
- Positive Sentiment: Q1 revenue and EPS beat consensus — Revenue rose ~17% y/y to $4.30B and EPS of $1.22 topped estimates, showing top-line growth that underpins longer-term value despite near-term margin pressure. Q1 2026 Financial Results
- Positive Sentiment: CEO urges regulator to reconsider affordability checks — Peter Jackson publicly asked the UK Gambling Commission to “think again” on affordability checks, which could ease regulatory constraints if successful. Flutter chief executive Peter Jackson calls on Gambling Commission to ‘think again’ about affordability checks
- Neutral Sentiment: FanDuel leadership restructured — Flutter has reshuffled U.S. leadership (Christian Genetski/Dan Taylor roles) to shore up FanDuel operations; the change could improve execution but introduces short-term uncertainty. Flutter restructures FanDuel leadership as Q1 revenue rises 17%
- Neutral Sentiment: Analysts trim price targets but maintain mixed ratings — Multiple shops have lowered targets (Wells Fargo, BTIG, Needham, Benchmark, Citizens/JMP) after the quarter; ratings range from equal-weight to buy, keeping consensus cautiously constructive. Benzinga coverage of analyst target changes
- Negative Sentiment: FanDuel CEO Amy Howe exits — The surprise departure of Amy Howe is a governance and execution risk for the U.S. business, which is central to Flutter’s growth narrative. Betting giant Flutter overhauls management at US FanDuel unit
- Negative Sentiment: Profit drop and guidance cut weigh on sentiment — Q1 net income fell materially and the company trimmed full-year guidance, which prompted a sell-off in some sessions as investors reassessed near-term earnings visibility. Flutter shares slide 4% as profit drop and US struggles overshadow revenue beat
- Negative Sentiment: Review of London listing creates strategic uncertainty — Management is reviewing its LSE listing after a US-heavy quarter, raising questions about corporate structure and accessibility for UK investors. Flutter Entertainment reviewing its LSE listing following US-heavy Q1
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.
Further Reading
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