Flutter Entertainment PLC (FLUT) – What Are Analysts Thinking About This Stock?

Shares of Flutter Entertainment PLC (NYSE:FLUT) have received a consensus recommendation of “Moderate Buy” from the thirty-one analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $134.44.

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus reduced their target price on Flutter Entertainment from $133.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, October 26th. Rothschild & Co Redburn downgraded shares of Flutter Entertainment from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $169.00 to $119.00 in a report on Monday, September 21st. Citizens Jmp decreased their target price on shares of Flutter Entertainment from $145.00 to $129.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 13th. New Street Research set a $110.00 price target on shares of Flutter Entertainment in a report on Thursday, September 3rd. Finally, BTIG Research dropped their price target on Flutter Entertainment from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, October 29th.

Insiders Place Their Bets

In other news, COO James Bishop sold 741 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total value of $72,514.26. Following the completion of the sale, the chief operating officer owned 16,864 shares in the company, valued at approximately $1,650,311.04. This trade represents a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total value of $69,480.60. Following the transaction, the chief financial officer owned 22,778 shares of the company’s stock, valued at approximately $2,229,055.08. The trade was a 3.02% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 6,681 shares of company stock valued at $644,214. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FLUT. Parallel Advisors LLC increased its stake in shares of Flutter Entertainment by 489.7% in the first quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock worth $47,000 after acquiring an additional 382 shares during the period. CX Institutional grew its holdings in Flutter Entertainment by 729.7% in the 2nd quarter. CX Institutional now owns 531 shares of the company’s stock valued at $54,000 after buying an additional 467 shares in the last quarter. Allworth Financial LP lifted its holdings 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 acquiring an additional 349 shares during the last quarter. TD Waterhouse Canada Inc. raised its position 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 period. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Flutter Entertainment in the second quarter valued at approximately $119,000.

Flutter Entertainment Trading Up 6.1%

FLUT stock opened at $87.61 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment has a 1-year low of $72.56 and a 1-year high of $235.77. The business has a 50 day simple moving average of $86.81 and a two-hundred day simple moving average of $107.10. The company has a market capitalization of $15.20 billion, a price-to-earnings ratio of -20.37, a PEG ratio of 2.62 and a beta of 1.39.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.05). Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter in the previous year, the business earned $2.95 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts anticipate that Flutter Entertainment will post 3.35 EPS for the current fiscal year.

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.