Flutter Entertainment (NYSE:FLUT) Stock Price Target Raised at Susquehanna

Flutter Entertainment (NYSE:FLUT) had its price objective raised by investment analysts at Susquehanna from $100.00 to $101.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna‘s price target suggests a potential upside of 22.47% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Needham & Company LLC lowered their target price on Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Moffett Nathanson reissued a “neutral” rating and set a $92.00 price target on shares of Flutter Entertainment in a research report on Thursday, October 22nd. Benchmark cut their price target on Flutter Entertainment from $132.00 to $113.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Jefferies Financial Group restated a “buy” rating and issued a $160.00 price objective on shares of Flutter Entertainment in a report on Wednesday. Finally, Zacks Research downgraded Flutter Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Flutter Entertainment has a consensus rating of “Moderate Buy” and an average target price of $133.19.

Flutter Entertainment Stock Down 1.5%

Shares of NYSE FLUT opened at $82.47 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $14.31 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 3.07 and a beta of 1.27. The stock has a 50 day moving average price of $86.04 and a 200 day moving average price of $105.93. Flutter Entertainment has a 52-week low of $72.56 and a 52-week high of $235.77.

Flutter Entertainment (NYSE:FLUT) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.50). The firm 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 for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.64 EPS. Sell-side analysts expect that Flutter Entertainment will post 3.05 earnings per share for the current year.

Insider Activity at Flutter Entertainment

In related news, insider Don Liu sold 565 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 $55,290.90. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Robert Coldrake sold 710 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total transaction of $69,480.60. Following the completion of the transaction, the chief financial officer directly owned 22,778 shares of the company’s stock, valued at $2,229,055.08. This trade represents a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 6,681 shares of company stock valued at $644,214 over the last quarter. 0.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its stake in shares of Flutter Entertainment by 489.7% during the 1st quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock worth $47,000 after purchasing an additional 382 shares during the last quarter. CX Institutional boosted its position in Flutter Entertainment by 729.7% during the second quarter. CX Institutional now owns 531 shares of the company’s stock valued at $54,000 after purchasing an additional 467 shares in the last quarter. Allworth Financial LP grew its stake in Flutter Entertainment by 167.8% in the second quarter. Allworth Financial LP now owns 557 shares of the company’s stock valued at $57,000 after purchasing an additional 349 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in 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 last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in Flutter Entertainment in the second quarter valued at about $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. Flutter also plans to pursue an additional $500 million in cost savings by 2029, which could support profitability over time. Article Article
• Positive Sentiment: BTIG maintained a Buy rating and raised its price target from $95 to $96, offering a more optimistic view than other recent analyst actions. Article
• Neutral Sentiment: Flutter paused share buybacks to prioritize debt reduction and cost savings. That may strengthen its balance sheet, but removes a source of near-term shareholder returns. Article
• Negative Sentiment: Q3 revenue of $3.874 billion rose about 2% year over year but missed estimates of $3.99 billion. Flutter reported a loss of $0.18 per share, versus expectations for a profit, while adjusted EBITDA also fell short of forecasts. Article
• Negative Sentiment: The company cut its full-year outlook after the misses. An approximately $873 million Brazil impairment contributed to a net loss exceeding $1 billion, adding to concerns about earnings quality and regional performance. Article
• Negative Sentiment: Analyst sentiment was mixed but included target cuts: Sanford C. Bernstein lowered its target to $100 and assigned a Market Perform rating. Increased FanDuel promotions to attract customers may also weigh on profits. Article Article

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.