Flutter Entertainment PLC (NYSE:FLUT) Receives $336.26 Consensus Target Price from Analysts

Shares of Flutter Entertainment PLC (NYSE:FLUT) have earned a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $336.00.

Several brokerages recently issued reports on FLUT. Jefferies Financial Group began coverage on Flutter Entertainment in a research report on Tuesday, July 8th. They set a “buy” rating and a $380.00 target price for the company. Barclays raised their target price on Flutter Entertainment from $350.00 to $352.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Kepler Capital Markets raised Flutter Entertainment to a “strong-buy” rating in a research report on Thursday, August 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Flutter Entertainment in a research report on Saturday. Finally, Benchmark lowered their price objective on Flutter Entertainment from $365.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, October 15th.

Insiders Place Their Bets

In other news, CEO Jeremy Peter Jackson sold 2,112 shares of Flutter Entertainment stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $292.42, for a total value of $617,591.04. Following the completion of the transaction, the chief executive officer directly owned 31,944 shares of the company’s stock, valued at approximately $9,341,064.48. This trade represents a 6.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James Philip Bishop sold 1,904 shares of Flutter Entertainment stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $281.64, for a total value of $536,242.56. Following the completion of the transaction, the insider directly owned 4,712 shares of the company’s stock, valued at approximately $1,327,087.68. This trade represents a 28.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,396 shares of company stock valued at $6,759,745. Insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FLUT. Farther Finance Advisors LLC raised its position in shares of Flutter Entertainment by 90.6% in the 1st quarter. Farther Finance Advisors LLC now owns 183 shares of the company’s stock worth $41,000 after acquiring an additional 87 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Flutter Entertainment in the 1st quarter valued at about $376,000. Deltec Asset Management LLC bought a new stake in Flutter Entertainment in the 1st quarter valued at about $443,000. Canton Hathaway LLC increased its position in Flutter Entertainment by 360.3% in the 1st quarter. Canton Hathaway LLC now owns 6,490 shares of the company’s stock valued at $1,438,000 after buying an additional 5,080 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Flutter Entertainment by 1.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,783 shares of the company’s stock valued at $1,060,000 after buying an additional 67 shares in the last quarter.

Flutter Entertainment Stock Down 2.9%

Shares of NYSE:FLUT opened at $244.09 on Friday. The firm has a market cap of $42.98 billion, a P/E ratio of 120.24 and a beta of 1.91. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Flutter Entertainment has a 12-month low of $196.88 and a 12-month high of $313.68. The business has a fifty day simple moving average of $275.32 and a 200 day simple moving average of $268.73.

Flutter Entertainment (NYSE:FLUT) last announced its earnings results on Thursday, August 7th. The company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.87. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment had a return on equity of 12.15% and a net margin of 2.96%.Flutter Entertainment’s quarterly revenue was up 16.0% on a year-over-year basis. Flutter Entertainment has set its FY 2025 guidance at EPS. Analysts predict that Flutter Entertainment will post 4.17 earnings per share for the current year.

Flutter Entertainment declared that its board has authorized a stock buyback program on Friday, August 8th that allows the company to repurchase $245.00 million in shares. This repurchase authorization allows the company to purchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.