Key Points
- Insider buying: Flutter Entertainment insider Carolan Lennon bought 520 shares for about £35,432.80, a transaction that may signal confidence from management.
- Mixed analyst sentiment: Several firms still have Buy ratings on Flutter, but JPMorgan cut its target and Citi downgraded the stock to Sell, leaving the overall view at “Moderate Buy.”
- Stock remains under pressure: Flutter shares were trading near 52-week lows, with recent concerns including a large debt load and Citi’s warning that U.S. profit targets may be too optimistic.
Flutter Entertainment plc (LON:FLTR - Get Free Report) insider Carolan Lennon bought 520 shares of the stock in a transaction on Tuesday, May 12th. The shares were acquired at an average cost of GBX 6,814 per share, with a total value of £35,432.80.
Flutter Entertainment Stock Performance
Shares of Flutter Entertainment stock opened at GBX 6,944 on Friday. The firm has a fifty day moving average of GBX 7,880.26 and a two-hundred day moving average of £120.16. The company has a debt-to-equity ratio of 142.42, a quick ratio of 0.70 and a current ratio of 0.95. The stock has a market capitalization of £12.08 billion, a price-to-earnings ratio of -39.68, a PEG ratio of 1.76 and a beta of 1.15. Flutter Entertainment plc has a 52 week low of GBX 6,722 and a 52 week high of £236.10.
Flutter Entertainment News Summary
Here are the key news stories impacting Flutter Entertainment this week:
- Positive Sentiment: Needham and Stifel Nicolaus both initiated/maintained Buy ratings on Flutter Entertainment, signaling that some analysts still see upside in the stock. Flutter Entertainment PLC (FLTR) Gets a Buy from Needham Flutter Entertainment PLC (FLTR) Gets a Buy from Stifel Nicolaus
- Positive Sentiment: Another insider purchase was disclosed, with Carolan Lennon buying 520 shares, which can sometimes signal management confidence. Flutter Entertainment stock insider purchase
- Neutral Sentiment: JPMorgan downgraded its view to “overweight” and cut its price target to £115 from £127, while Berenberg reiterated a Buy rating with a £129 target, leaving analyst sentiment mixed. Broker views on Flutter Entertainment
- Neutral Sentiment: Jim Cramer’s comparison of Flutter Entertainment to DraftKings added attention to the name, but it did not include a direct corporate catalyst. Jim Cramer Compares Flutter Entertainment (FLUT) To DraftKings
- Negative Sentiment: Citi warned that Flutter’s U.S. profit targets may be too optimistic, adding to concern that growth expectations could be hard to achieve. Flutter’s US profit targets may be too good to be true, warns Citi
- Negative Sentiment: Recent insider selling by Peter Jackson and the mention of new 52-week lows have reinforced investor caution around FLTR. Peter Jackson Sells 3,084 Shares of Flutter Entertainment (LON:FLTR) Stock Flutter Entertainment Hits New 52-Week Low Following Insider Selling
- Negative Sentiment: Kepler Capital initiated coverage with a Hold rating, which suggests limited near-term upside after the recent slide. Flutter Entertainment PLC (FLTR) Receives a Hold from Kepler Capital
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on FLTR. Jefferies Financial Group restated a "buy" rating and set a £160 target price on shares of Flutter Entertainment in a report on Thursday, May 7th. Berenberg Bank reiterated a "buy" rating and issued a £129 price target on shares of Flutter Entertainment in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Flutter Entertainment from £202 to £190 and set a "buy" rating on the stock in a research note on Friday, January 23rd. JPMorgan Chase & Co. cut shares of Flutter Entertainment to an "overweight" rating and decreased their price objective for the company from £127 to £115 in a report on Thursday. Finally, Citigroup downgraded shares of Flutter Entertainment to a "sell" rating and lowered their target price for the company from £158 to GBX 6,800 in a research note on Thursday, April 16th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Flutter Entertainment currently has a consensus rating of "Moderate Buy" and an average target price of £147.50.
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Flutter Entertainment Company Profile
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Flutter Entertainment is the world's largest online sports betting and gaming operator with a portfolio of globally recognised brands.
Further Reading
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