Flutter Entertainment (NYSE:FLUT) CFO Robert Coldrake Sells 710 Shares of Stock

Flutter Entertainment PLC (NYSE:FLUT) CFO Robert Coldrake sold 710 shares of Flutter Entertainment stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total value of $69,480.60. Following the transaction, the chief financial officer owned 22,778 shares of the company’s stock, valued at $2,229,055.08. The trade was a 3.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flutter Entertainment Trading Up 0.3%

Flutter Entertainment stock opened at $102.26 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The business’s fifty day simple moving average is $102.73 and its two-hundred day simple moving average is $104.76. Flutter Entertainment PLC has a 12 month low of $89.71 and a 12 month high of $297.23. The company has a market capitalization of $17.75 billion, a price-to-earnings ratio of -23.78, a price-to-earnings-growth ratio of 2.58 and a beta of 1.26.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.05). The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.24 billion. Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. Flutter Entertainment’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.95 earnings per share. As a group, equities analysts predict that Flutter Entertainment PLC will post 3.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Flutter Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Flutter Entertainment by 5.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock worth $290,000 after acquiring an additional 69 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Flutter Entertainment during the second quarter valued at approximately $405,000. Creative Planning bought a new position in Flutter Entertainment during the second quarter valued at approximately $296,000. Northwestern Mutual Wealth Management Co. lifted its position in Flutter Entertainment by 246.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company’s stock valued at $53,000 after purchasing an additional 133 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Flutter Entertainment by 74.6% in the second quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company’s stock worth $71,000 after purchasing an additional 106 shares during the last quarter.

More Flutter Entertainment News

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

• Positive Sentiment: Wolfe Research initiated coverage with an “outperform” rating and a $150 price target, suggesting substantial upside from recent trading levels near $102. The new bullish coverage appears to be the main catalyst supporting FLUT shares. Wolfe Research initiates coverage of Flutter Entertainment
• Positive Sentiment: Flutter’s broader analyst outlook remains favorable. MarketBeat data shows a “Moderate Buy” consensus rating and an average price target of $156.88, reflecting investor expectations for continued growth, particularly from brands such as FanDuel. Flutter Entertainment shares rise after Wolfe coverage
• Neutral Sentiment: Five senior insiders, including the CFO, COO and CEOs Jeremy Jackson and Daniel Taylor, sold a combined approximately $447,000 of stock. Because each filing stated that the shares were sold to cover tax withholding on vested equity awards, the transactions are less concerning than discretionary insider selling, though they may attract some investor attention. Flutter Entertainment insider transaction filing
• Negative Sentiment: Flutter is reviewing its Paddy Power retail-store network amid higher UK gambling taxes and economic uncertainty. Reports suggest the company could close up to 100 shops, signaling pressure on UK retail profitability and potentially adding restructuring costs. Flutter considers Paddy Power shop closures

Analysts Set New Price Targets

Several brokerages have issued reports on FLUT. Truist Financial decreased their target price on shares of Flutter Entertainment from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Flutter Entertainment in a research report on Monday, August 24th. JPMorgan Chase & Co. assumed coverage on shares of Flutter Entertainment in a research report on Wednesday, August 12th. They set a “neutral” rating and a $114.00 price target for the company. BNP Paribas Exane started coverage on shares of Flutter Entertainment in a report on Thursday, May 14th. They issued an “underperform” rating and a $80.00 price objective for the company. Finally, Needham & Company LLC lowered their price objective on Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.88.

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.