Key Points
- Director Carolan Lennon sold 439 Flutter Entertainment shares for about $41,542 at an average price of $94.63, reducing her direct holdings by 20.64%. The filing says the sale was to cover tax withholding obligations tied to vested equity awards.
- Flutter’s latest quarterly results topped expectations, with EPS of $1.22 versus the $1.09 consensus and revenue of $4.30 billion, up 17.4% year over year. Analysts now expect the company to earn 4.88 EPS for the current fiscal year.
- The company has ongoing support from buybacks and Wall Street coverage, including a $250 million share repurchase authorization. Analyst sentiment remains mixed, but the consensus rating is still Moderate Buy with an average price target of $189.26.
Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) Director Christine Mccarthy sold 135 shares of Flutter Entertainment stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $94.63, for a total value of $12,775.05. Following the sale, the director owned 1,262 shares in the company, valued at $119,423.06. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Flutter Entertainment Stock Up 1.5%
FLUT opened at $97.00 on Friday. The business's 50-day simple moving average is $102.87 and its 200-day simple moving average is $150.83. 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 PLC has a one year low of $91.52 and a one year high of $313.68. The stock has a market capitalization of $16.87 billion, a P/E ratio of -45.33, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.13. Flutter Entertainment had a positive return on equity of 11.60% and a negative net margin of 2.20%.The business had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.24 billion. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The business's revenue was up 17.4% compared to the same quarter last year. Analysts anticipate that Flutter Entertainment PLC will post 4.88 EPS for the current year.
Flutter Entertainment announced that its board has approved a share buyback program on Wednesday, March 11th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 1.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.
Hedge Funds Weigh In On Flutter Entertainment
Several institutional investors have recently added to or reduced their stakes in FLUT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Flutter Entertainment by 5.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company's stock valued at $290,000 after purchasing an additional 69 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Flutter Entertainment in the 2nd quarter valued at approximately $405,000. Creative Planning purchased a new stake in Flutter Entertainment in the 2nd quarter valued at approximately $296,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Flutter Entertainment by 246.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company's stock valued at $53,000 after purchasing an additional 133 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Flutter Entertainment by 74.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 248 shares of the company's stock valued at $71,000 after purchasing an additional 106 shares in the last quarter.
Analysts Set New Price Targets
A number of analysts have recently commented on FLUT shares. Kepler Capital Markets cut Flutter Entertainment from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. Sanford C. Bernstein cut their target price on Flutter Entertainment from $125.00 to $115.00 and set a "market perform" rating on the stock in a research report on Thursday, May 7th. Needham & Company LLC cut their target price on Flutter Entertainment from $150.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, May 7th. Stifel Nicolaus dropped their price target on Flutter Entertainment from $216.00 to $189.00 and set a "buy" rating on the stock in a research report on Thursday, April 9th. Finally, Canaccord Genuity Group dropped their price target on Flutter Entertainment from $270.00 to $220.00 and set a "buy" rating on the stock in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, Flutter Entertainment has a consensus rating of "Moderate Buy" and a consensus price target of $189.26.
Check Out Our Latest Stock Report on Flutter Entertainment
Key Stories Impacting Flutter Entertainment
Here are the key news stories impacting Flutter Entertainment this week:
- Positive Sentiment: Flutter is reshuffling its Asia-Pacific leadership, promoting Sportsbet CEO Barni Evans to lead the APAC region as part of a broader restructuring. Investors may view the change as a sign the company is sharpening execution in a key international market. Flutter promotes Sportsbet CEO Barni Evans to lead APAC charge
- Positive Sentiment: Recent analysis pieces argued Flutter could be an attractive entry point, citing 17% Q1 revenue growth to $4.3 billion, strength in iGaming, and expectations for margin improvement from integration, loyalty initiatives, and a unified FanDuel platform. Flutter Entertainment: Attractive Entry Point
- Positive Sentiment: Another commentary suggested the market may be overreacting to FanDuel-related concerns, pointing to Flutter’s scale and the potential for the 2026 FIFA World Cup to drive new customer acquisition and betting activity. Is The Market Mispricing Flutter Entertainment On FanDuel Concerns?
- Neutral Sentiment: Flutter’s Annual General Meeting was held today, but the release provided no major surprise in the excerpt, so it appears more like a routine corporate event than a stock-moving development. Flutter Entertainment PLC: Results of Annual General Meeting 2026
- Neutral Sentiment: Several directors sold small amounts of stock, but the filings say the sales were made to cover tax withholding on vesting equity awards. That makes the transactions look administrative rather than a sign of negative insider sentiment.
About Flutter Entertainment
(
Get Free Report)
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.
Further Reading
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