Flutter Entertainment (NYSE:FLUT) CEO Daniel Mark Taylor Purchases 1,013 Shares

Flutter Entertainment PLC (NYSE:FLUT) CEO Daniel Mark Taylor purchased 1,013 shares of the company’s stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $98.41 per share, for a total transaction of $99,689.33. Following the completion of the transaction, the chief executive officer directly owned 32,973 shares of the company’s stock, valued at approximately $3,244,872.93. This represents a 3.17% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Daniel Mark Taylor also recently made the following trade(s):

• On Tuesday, May 12th, Daniel Mark Taylor acquired 1,611 shares of Flutter Entertainment stock. The stock was acquired at an average price of $94.29 per share, for a total transaction of $151,901.19.

Flutter Entertainment Price Performance

NYSE:FLUT opened at $95.02 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock’s 50 day moving average price is $106.15 and its two-hundred day moving average price is $161.64. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of -44.40, a P/E/G ratio of 1.21 and a beta of 1.58. Flutter Entertainment PLC has a 12-month low of $92.22 and a 12-month high of $313.68.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.13. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.24 billion. Flutter Entertainment had a negative net margin of 2.20% and a positive return on equity of 11.60%. The company’s revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 earnings per share. On average, analysts anticipate that Flutter Entertainment PLC will post 5.14 earnings per share for the current year.

Flutter Entertainment declared that its Board of Directors has authorized a stock buyback plan on Wednesday, March 11th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Flutter Entertainment

Hedge funds have recently bought and sold shares of the company. JFS Wealth Advisors LLC bought a new position in Flutter Entertainment in the 3rd quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in Flutter Entertainment by 219.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock valued at $25,000 after buying an additional 79 shares during the period. JCIC Asset Management Inc. bought a new position in Flutter Entertainment in the 3rd quarter valued at about $32,000. Zions Bancorporation National Association UT increased its holdings in Flutter Entertainment by 1,685.7% in the 4th quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 118 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Flutter Entertainment in the 3rd quarter valued at $34,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FLUT shares. Benchmark lowered their target price on Flutter Entertainment from $175.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Sanford C. Bernstein lowered their target price on Flutter Entertainment from $125.00 to $115.00 and set a “market perform” rating on the stock in a research note on Thursday, May 7th. Zacks Research lowered Flutter Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Canaccord Genuity Group lowered their target price on Flutter Entertainment from $270.00 to $220.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Finally, Susquehanna lowered their price target on shares of Flutter Entertainment from $160.00 to $143.00 and set a “positive” rating on the stock in a research report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $194.23.

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.