Analysts Set Flutter Entertainment PLC (NYSE:FLUT) Price Target at $332.70

Shares of Flutter Entertainment PLC (NYSE:FLUT) have been given an average rating of “Moderate Buy” by the twenty-four analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $335.7368.

A number of research analysts have issued reports on FLUT shares. Hsbc Global Res raised shares of Flutter Entertainment to a “hold” rating in a research report on Wednesday, June 18th. Peel Hunt downgraded shares of Flutter Entertainment from an “add” rating to a “hold” rating in a research report on Friday, August 8th. Oppenheimer boosted their price objective on shares of Flutter Entertainment from $310.00 to $350.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Truist Financial boosted their price objective on shares of Flutter Entertainment from $280.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Finally, Barclays boosted their price objective on shares of Flutter Entertainment from $350.00 to $352.00 and gave the company an “overweight” rating in a research report on Friday, August 8th.

Insider Buying and Selling at Flutter Entertainment

In other news, insider Daniel Mark Taylor sold 15,283 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $284.80, for a total value of $4,352,598.40. Following the sale, the insider directly owned 16,589 shares of the company’s stock, valued at $4,724,547.20. This represents a 47.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeremy Peter Jackson sold 2,112 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $292.42, for a total transaction of $617,591.04. Following the completion of the sale, the chief executive officer directly owned 31,944 shares in the company, valued at $9,341,064.48. This represents a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,396 shares of company stock valued at $6,759,745 over the last 90 days. 0.09% of the stock is owned by corporate insiders.

Institutional Trading of Flutter Entertainment

Several institutional investors have recently bought and sold shares of FLUT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Flutter Entertainment by 163.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,242 shares of the company’s stock valued at $321,000 after purchasing an additional 771 shares during the last quarter. State of Wyoming grew its position in Flutter Entertainment by 19.1% during the 4th quarter. State of Wyoming now owns 536 shares of the company’s stock valued at $139,000 after purchasing an additional 86 shares during the last quarter. Tidal Investments LLC purchased a new stake in Flutter Entertainment during the 4th quarter valued at about $661,000. Sylebra Capital LLC purchased a new stake in Flutter Entertainment during the 4th quarter valued at about $5,677,000. Finally, Mackenzie Financial Corp purchased a new stake in Flutter Entertainment during the 4th quarter valued at about $2,250,000.

Flutter Entertainment Trading Up 0.5%

NYSE:FLUT opened at $280.43 on Wednesday. The company has a fifty day moving average of $294.62 and a 200 day moving average of $265.99. Flutter Entertainment has a 52 week low of $196.88 and a 52 week high of $313.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $49.38 billion, a P/E ratio of 138.14 and a beta of 2.30.

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

Flutter Entertainment announced that its board has authorized a share buyback program on Friday, August 8th that allows the company to repurchase $245.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are 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.