Flutter Entertainment (NYSE:FLUT) Upgraded to “Hold” at Wall Street Zen

Flutter Entertainment (NYSE:FLUT) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

A number of other analysts have also recently issued reports on the stock. Rothschild & Co Redburn cut shares of Flutter Entertainment from a “buy” rating to a “neutral” rating and cut their target price for the stock from $169.00 to $119.00 in a research note on Monday, September 21st. Weiss Ratings reissued a “sell (d)” rating on shares of Flutter Entertainment in a report on Monday, August 24th. Citigroup raised Flutter Entertainment from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $93.00 to $91.00 in a research report on Wednesday, October 7th. Sanford C. Bernstein decreased their price target on shares of Flutter Entertainment from $110.00 to $100.00 and set a “market perform” rating on the stock in a report on Tuesday. Finally, Oppenheimer decreased their price target on Flutter Entertainment from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, November 2nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.07.

Flutter Entertainment Price Performance

Shares of FLUT stock opened at $81.53 on Friday. Flutter Entertainment has a 12-month low of $72.56 and a 12-month high of $235.77. The firm has a fifty day moving average of $85.47 and a 200-day moving average of $104.88. 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 firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of -15.41, a price-to-earnings-growth ratio of 2.92 and a beta of 1.27.

Flutter Entertainment (NYSE:FLUT) last posted its quarterly earnings results on Wednesday, November 4th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.50). Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the company earned $1.64 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Flutter Entertainment will post 3.05 earnings per share for the current year.

Insider Buying and Selling

In other Flutter Entertainment news, CEO Jeremy Jackson sold 1,762 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total value of $172,429.32. Following the sale, the chief executive officer owned 70,452 shares in the company, valued at $6,894,432.72. This trade represents a 2.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 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 $69,480.60. Following the transaction, the chief financial officer owned 22,778 shares in the company, valued at $2,229,055.08. The trade was a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 6,681 shares of company stock valued at $644,214. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in Flutter Entertainment by 489.7% during the 1st quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock valued at $47,000 after purchasing an additional 382 shares in the last quarter. CX Institutional boosted its holdings in shares of Flutter Entertainment by 729.7% in the 2nd quarter. CX Institutional now owns 531 shares of the company’s stock worth $54,000 after purchasing an additional 467 shares in the last quarter. Allworth Financial LP increased its position in shares of Flutter Entertainment by 167.8% during the 2nd 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. increased its holdings in Flutter Entertainment by 65.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 630 shares of the company’s stock worth $67,000 after buying an additional 250 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Flutter Entertainment in the second quarter worth about $119,000.

Key Flutter Entertainment News

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

About Flutter Entertainment

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.