Flutter Entertainment (NYSE:FLUT) Stock Price Target Cut by Citizens Jmp

Flutter Entertainment (NYSE:FLUT) had its price target dropped by investment analysts at Citizens Jmp from $129.00 to $116.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp‘s price target would indicate a potential upside of 42.29% from the company’s previous close.

Several other research firms have also recently weighed in on FLUT. Needham & Company LLC lowered their price objective on shares of Flutter Entertainment from $135.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. UBS Group reduced their target price on Flutter Entertainment from $140.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, October 27th. Wedbush decreased their target price on Flutter Entertainment from $126.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, October 8th. Wolfe Research started coverage on Flutter Entertainment in a research report on Wednesday, September 2nd. They issued an “outperform” rating and a $150.00 target price for the company. Finally, Citigroup raised Flutter Entertainment from a “neutral” rating to a “buy” rating and dropped their price target for the company from $93.00 to $91.00 in a research report on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.07.

Flutter Entertainment Trading Down 1.7%

Shares of NYSE FLUT traded down $1.44 during mid-day trading on Thursday, hitting $81.53. 3,542,024 shares of the company traded hands, compared to its average volume of 2,613,464. Flutter Entertainment has a 1 year low of $72.56 and a 1 year high of $235.77. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of -15.41, a PEG ratio of 2.92 and a beta of 1.27. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.32. The business has a 50 day moving average of $85.47 and a two-hundred day moving average of $104.88.

Flutter Entertainment (NYSE:FLUT) last announced its earnings results on Wednesday, November 4th. The company reported ($0.18) 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 analyst estimates of $3.99 billion. Flutter Entertainment had a positive return on equity of 7.27% and a negative net margin of 4.39%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 earnings per share. On average, sell-side analysts anticipate that Flutter Entertainment will post 3.05 earnings per share for the current fiscal year.

Insider Activity

In other Flutter Entertainment news, CEO Jeremy Jackson sold 2,112 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $93.32, for a total value of $197,091.84. Following the completion of the sale, the chief executive officer owned 72,214 shares in the company, valued at $6,739,010.48. This represents a 2.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 sale, the chief operating officer directly owned 16,864 shares of the company’s stock, valued at $1,650,311.04. This trade represents a 4.21% 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 in the last three months. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Flutter Entertainment

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings in shares of Flutter Entertainment by 3.7% during the third quarter. Russell Investments Group Ltd. now owns 62,566 shares of the company’s stock worth $4,664,000 after acquiring an additional 2,237 shares in the last quarter. Jefferies Financial Group Inc. boosted its position in Flutter Entertainment by 1.0% during the third quarter. Jefferies Financial Group Inc. now owns 100,569 shares of the company’s stock valued at $7,496,000 after purchasing an additional 1,019 shares during the last quarter. M&G PLC grew its stake in Flutter Entertainment by 3.2% in the third quarter. M&G PLC now owns 146,500 shares of the company’s stock valued at $10,988,000 after purchasing an additional 4,577 shares in the last quarter. AlphaCore Capital LLC purchased a new position in Flutter Entertainment in the third quarter valued at about $269,000. Finally, Hohimer Wealth Management LLC acquired a new position in Flutter Entertainment in the 3rd quarter worth about $397,000.

Flutter Entertainment News Summary

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

• Positive Sentiment: FanDuel’s betting handle rose 13%, a sign of customer activity that could help support future growth. FanDuel Handle Rises 13% as Flutter Cuts 2026 Revenue Outlook
• Positive Sentiment: Flutter plans to deliver $500 million in additional cost savings by 2029, which could help offset some pressure on earnings. Flutter cuts 2026 guidance and targets $500m more savings by 2029
• Neutral Sentiment: Analysts have reduced several price targets following the results, though some retained positive ratings. UBS, for example, cut its target to $120 but maintained a Buy rating. UBS analyst recommendations
• Negative Sentiment: Flutter missed Q3 revenue and EBITDA expectations and lowered its 2026 outlook. Reports cited unfavorable football results, tax changes and Brazil-related challenges, including an impairment, as factors weighing on performance. Flutter cuts 2026 outlook after Q3 loss Tax hike, football results and Brazil’s betting ban hit Flutter Entertainment
• Negative Sentiment: DraftKings’ sharp selloff after cutting its forecast also pressured Flutter and highlighted investor concern about competition and spending in prediction markets across the betting sector. DraftKings plunges on weak forecast and prediction-market spending

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.