Flutter Entertainment (NYSE:FLUT) Stock Gets Price Target Trim from Oppenheimer

Flutter Entertainment (NYSE:FLUT) had its price target decreased by Oppenheimer from $120.00 to $110.00 in a research report released on Monday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. New Street Research set a $110.00 price objective on Flutter Entertainment in a research note on Thursday, September 3rd. Citizens Jmp lowered their target price on Flutter Entertainment from $145.00 to $129.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 13th. Rothschild & Co Redburn lowered Flutter Entertainment from a “buy” rating to a “neutral” rating and cut their price target for the company from $169.00 to $119.00 in a report on Monday, September 21st. Truist Financial cut their price target on Flutter Entertainment from $120.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, October 20th. Finally, Craig Hallum set a $95.00 price target on Flutter Entertainment in a research report on Friday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.15.

Flutter Entertainment Stock Performance

Shares of NYSE FLUT opened at $82.47 on Monday. Flutter Entertainment has a 12-month low of $72.56 and a 12-month high of $235.77. The firm has a market capitalization of $14.31 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 3.07 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. The firm has a 50 day moving average of $86.04 and a 200 day moving average of $105.93.

Flutter Entertainment (NYSE:FLUT) last released its quarterly 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 during the quarter, compared to the consensus estimate of $3.99 billion. Flutter Entertainment had a positive return on equity of 7.27% and a negative net margin of 4.39%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.64 earnings per share. On average, research analysts anticipate that Flutter Entertainment will post 3.05 earnings per share for the current year.

Insider Transactions at Flutter Entertainment

In other news, CEO Jeremy Jackson sold 1,762 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total transaction of $172,429.32. Following the sale, the chief executive officer directly owned 70,452 shares in the company, valued at $6,894,432.72. This trade represents a 2.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 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 transaction, the chief operating officer owned 16,864 shares in the company, valued at approximately $1,650,311.04. This trade represents a 4.21% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 6,681 shares of company stock valued at $644,214. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Flutter Entertainment

A number of institutional investors have recently bought and sold shares of FLUT. Parallel Advisors LLC boosted its position in shares of Flutter Entertainment by 489.7% during the first quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock worth $47,000 after acquiring an additional 382 shares during the last quarter. CX Institutional increased its holdings in Flutter Entertainment by 729.7% in the 2nd quarter. CX Institutional now owns 531 shares of the company’s stock valued at $54,000 after acquiring an additional 467 shares during the last quarter. Allworth Financial LP increased its holdings in Flutter Entertainment by 167.8% in the 2nd quarter. Allworth Financial LP now owns 557 shares of the company’s stock valued at $57,000 after acquiring an additional 349 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in Flutter Entertainment by 65.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 630 shares of the company’s stock valued at $67,000 after acquiring an additional 250 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Flutter Entertainment in the 2nd quarter worth $119,000.

Flutter Entertainment News Summary

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

• Positive Sentiment: U.S. revenue was a bright spot in an otherwise weak quarter, while total revenue increased about 2% year over year to $3.87 billion. Article: Flutter Results Miss the Mark. U.S. Revenue Was a Bright Spot
• Positive Sentiment: BTIG raised its price target to $96 from $95 and maintained a Buy rating, signaling continued analyst confidence despite the results. Article: BTIG Research stock recommendations
• Neutral Sentiment: CEO Dan Taylor is leaning on FanDuel promotions to attract customers. That may support growth, but the investment in promotions is weighing on near-term profitability. Article: New Flutter CEO bets on FanDuel promotions to win customers as profits suffer
• Negative Sentiment: Third-quarter revenue of $3.87 billion fell short of the roughly $3.99 billion expected, and Flutter reported a loss of $0.18 per share versus analyst expectations for a profit. Adjusted EBITDA also missed estimates. Article: Flutter cuts full-year outlook after Q3 revenue and EBITDA miss estimates
• Negative Sentiment: The company cut its full-year outlook after the shortfall. A roughly $873 million Brazil impairment contributed to a net loss exceeding $1 billion, adding to concerns about earnings and the outlook. Article: Flutter Cuts Full-Year Guidance as Brazil Impairment Widens Q3 Loss
• Negative Sentiment: Flutter paused share buybacks as it prioritizes debt reduction and cost savings, limiting near-term shareholder returns and underscoring its focus on balance-sheet repair. Article: Flutter pauses share buybacks to focus on deleveraging, cost saving

Flutter Entertainment Company Profile

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.