Flutter Entertainment (NYSE:FLUT) Hits New 12-Month Low – Here’s Why

Flutter Entertainment PLC (NYSE:FLUT) shares reached a new 52-week low during trading on Friday . The stock traded as low as $188.80 and last traded at $188.7970, with a volume of 2463857 shares traded. The stock had previously closed at $201.08.

Key Stories Impacting Flutter Entertainment

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

• Positive Sentiment: Board strengthening — Flutter added digital and media executive David Kenny to its board, a move investors may view as governance and strategy reinforcement. Flutter Entertainment adds David Kenny to Board of Directors
• Neutral Sentiment: Investor discussion/market chatter — Active threads on the LSE share chat reflect retail focus on volatility and short-term trading around FLTR/FLUT but contain mixed sentiment and no new corporate disclosures. Flutter Entertainment Share Chat (FLTR)
• Neutral Sentiment: Valuation/technical discussion — Commentary asks whether current pricing already reflects recent share weakness and regulatory headlines; this is analytical context rather than a new catalyst. Is Flutter Entertainment (NYSE:FLUT) Pricing Reflect Recent Share Weakness And Regulatory Headlines?
• Negative Sentiment: Analyst downgrade — Wells Fargo cut FLUT from “strong-buy” to “hold,” reducing near-term buy-side support and increasing downside pressure from revisions. Wells Fargo downgrades Flutter Entertainment (FLUT)
• Negative Sentiment: Sector headwinds — Betting stocks fell as NFL prediction-betting and free-to-play app formats gain traction, a trend that could compress revenue and margins for incumbent sportsbook operators like Flutter. Betting Stocks Fall as NFL Prediction Bets Gain on Gambling Apps
• Negative Sentiment: Market reaction explained — Coverage summarizing why FLUT shares are sliding points to the combination of the downgrade, sector competition and regulatory headlines as drivers of today’s sell-off. Why Flutter Entertainment (FLUT) shares are sliding today

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FLUT. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $228.00 price objective (down from $248.00) on shares of Flutter Entertainment in a research note on Wednesday. Stifel Nicolaus decreased their price target on Flutter Entertainment from $339.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Barclays lowered their price target on Flutter Entertainment from $325.00 to $307.00 and set an “overweight” rating for the company in a research report on Wednesday, December 17th. BTIG Research boosted their price objective on shares of Flutter Entertainment from $271.00 to $281.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Finally, Benchmark reduced their target price on shares of Flutter Entertainment from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Monday, December 1st. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $298.35.

Flutter Entertainment Stock Down 6.1%

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. The company has a 50-day simple moving average of $211.22 and a 200 day simple moving average of $254.35. The company has a market cap of $33.08 billion, a P/E ratio of -145.21 and a beta of 1.88.

Institutional Investors Weigh In On Flutter Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLUT. Bank of New York Mellon Corp lifted its holdings in shares of Flutter Entertainment by 120.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 454,660 shares of the company’s stock valued at $129,924,000 after purchasing an additional 248,109 shares during the last quarter. Parvus Asset Management Jersey Ltd purchased a new position in Flutter Entertainment during the 2nd quarter worth $2,231,266,000. Gunderson Capital Management Inc. increased its position in Flutter Entertainment by 17.8% during the 2nd quarter. Gunderson Capital Management Inc. now owns 15,646 shares of the company’s stock valued at $4,471,000 after buying an additional 2,364 shares in the last quarter. Corton Capital Inc. purchased a new stake in Flutter Entertainment in the second quarter valued at about $556,000. Finally, Fortis Capital Advisors LLC acquired a new stake in Flutter Entertainment in the second quarter worth about $665,000.

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.