Needham & Company LLC Issues Pessimistic Forecast for Flutter Entertainment (NYSE:FLUT) Stock Price

Flutter Entertainment (NYSE:FLUT) had its price objective reduced by equities researchers at Needham & Company LLC from $135.00 to $110.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price objective suggests a potential upside of 18.33% from the stock’s previous close.

A number of other research firms have also weighed in on FLUT. BNP Paribas Exane started coverage on Flutter Entertainment in a research report on Thursday, May 14th. They issued an “underperform” rating and a $80.00 price target for the company. Barclays raised their target price on shares of Flutter Entertainment from $150.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Oppenheimer reduced their price target on shares of Flutter Entertainment from $210.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Wells Fargo & Company lowered their price objective on shares of Flutter Entertainment from $168.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Monday, July 20th. Finally, Truist Financial set a $120.00 target price on Flutter Entertainment in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $173.39.

Flutter Entertainment Price Performance

NYSE FLUT opened at $92.96 on Thursday. The stock has a market capitalization of $16.17 billion, a P/E ratio of -43.44, a P/E/G ratio of 1.44 and a beta of 1.28. Flutter Entertainment has a 1 year low of $89.71 and a 1 year high of $313.68. The business’s fifty day moving average is $104.63 and its two-hundred day moving average is $114.33. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 0.90.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.05). The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.24 billion. Flutter Entertainment had a positive return on equity of 11.60% and a negative net margin of 2.20%.The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.95 earnings per share. On average, research analysts forecast that Flutter Entertainment will post 4.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Don H. Liu sold 1,259 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $93.37, for a total value of $117,552.83. Following the completion of the sale, the insider directly owned 21,006 shares in the company, valued at approximately $1,961,330.22. This represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Carolan Lennon sold 439 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $94.63, for a total value of $41,542.57. Following the transaction, the director owned 1,688 shares in the company, valued at approximately $159,735.44. This trade represents a 20.64% decrease in their ownership of the stock. 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. In the last 90 days, insiders have acquired 10,453 shares of company stock worth $1,045,526 and have sold 5,994 shares worth $577,293. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of Flutter Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLUT. Cibc World Markets Corp bought a new stake in shares of Flutter Entertainment during the 4th quarter valued at about $1,678,841,000. Hsbc Holdings PLC lifted its position in Flutter Entertainment by 33,988.7% during the first quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company’s stock valued at $575,185,000 after purchasing an additional 5,589,099 shares during the last quarter. Capital International Investors grew its stake in Flutter Entertainment by 146.8% in the 4th quarter. Capital International Investors now owns 8,039,066 shares of the company’s stock worth $1,728,772,000 after buying an additional 4,782,302 shares in the last quarter. Norges Bank bought a new position in shares of Flutter Entertainment in the 4th quarter worth $694,009,000. Finally, Amundi raised its position in shares of Flutter Entertainment by 463.7% during the 1st quarter. Amundi now owns 2,059,906 shares of the company’s stock valued at $210,007,000 after buying an additional 1,694,474 shares in the last quarter.

More Flutter Entertainment News

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

• Positive Sentiment: Second-quarter revenue increased 3.3% year over year to $4.33 billion, exceeding analyst expectations of approximately $4.24 billion. The result indicates continued top-line growth despite pressure in the company’s U.S. operations. Flutter Entertainment Announces Q2 2026 Financial Results
• Positive Sentiment: BTIG maintained a “buy” rating, although it reduced its price target from $120 to $113, implying substantial potential upside based on the referenced trading level. BTIG price-target update
• Neutral Sentiment: Dan Taylor, currently a Flutter executive, will become group CEO on October 1, 2026. Peter Jackson will leave the CEO role and Flutter’s board on September 30 after roughly nine years leading the company. Taylor’s familiarity with the business may provide continuity, but investors will assess whether he can improve U.S. sports-betting performance. Flutter Board announces CEO transition
• Negative Sentiment: Adjusted earnings per share came in at $0.49, below the approximately $0.54 consensus estimate and sharply below $2.95 a year earlier. The earnings shortfall, along with reports that the company swung to a loss, weighed heavily on sentiment. Flutter Entertainment Q2 Earnings Lag Estimates
• Negative Sentiment: Flutter lowered its 2026 profit outlook again and issued revenue guidance of $17.4 billion to $18.4 billion, with the midpoint below the roughly $18.3 billion analyst expectation. Management cited continued weakness in the U.S. sports-betting business, increasing concerns about near-term growth and profitability. Flutter CEO to Step Down as U.S. Sports-Betting Business Falters

About Flutter Entertainment

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.