Flutter Entertainment (NYSE:FLUT) Given New $125.00 Price Target at Barclays

Flutter Entertainment (NYSE:FLUT – Free Report) had its target price trimmed by Barclays from $133.00 to $125.00 in a report published on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also issued reports on FLUT. Wedbush decreased their target price on shares of Flutter Entertainment from $126.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Moffett Nathanson reiterated a “neutral” rating and issued a $92.00 price objective on shares of Flutter Entertainment in a report on Thursday, October 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $160.00 price target on shares of Flutter Entertainment in a research report on Wednesday. Needham & Company LLC cut their price objective on Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, BTIG Research raised their price target on shares of Flutter Entertainment from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday. Two equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

Get Our Latest Stock Analysis on Flutter Entertainment

Flutter Entertainment Stock Up 1.3%

Shares of Flutter Entertainment stock opened at $82.88 on Thursday. The stock has a 50-day moving average price of $85.74 and a 200 day moving average price of $105.40. The company has a market cap of $14.38 billion, a P/E ratio of 39.32, a P/E/G ratio of 3.00 and a beta of 1.27. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. Flutter Entertainment has a 1 year low of $72.56 and a 1 year high of $235.77.

Flutter Entertainment (NYSE:FLUT – Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.50). The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Flutter Entertainment had a negative net margin of 5.37% and a positive return on equity of 4.26%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.64 EPS. As a group, analysts expect that Flutter Entertainment will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling at Flutter Entertainment

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

Institutional Investors Weigh In On Flutter Entertainment

A number of institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its position in shares of Flutter Entertainment by 489.7% in the 1st quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock valued at $47,000 after buying an additional 382 shares in the last quarter. CX Institutional increased its holdings in Flutter Entertainment by 729.7% during the second quarter. CX Institutional now owns 531 shares of the company’s stock worth $54,000 after buying an additional 467 shares during the last quarter. Allworth Financial LP increased its position in Flutter Entertainment by 167.8% during the second quarter. Allworth Financial LP now owns 557 shares of the company’s stock worth $57,000 after buying an additional 349 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Flutter Entertainment by 65.8% in the second quarter. TD Waterhouse Canada Inc. now owns 630 shares of the company’s stock valued at $67,000 after purchasing an additional 250 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Flutter Entertainment during the second quarter worth approximately $119,000.

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About Flutter Entertainment

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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.

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