Key Points
- CEO Jeremy Jackson sold 1,762 Flutter Entertainment shares at an average price of $97.86, generating $172,429.32. The sale reduced his holdings by 2.44% and was made to cover tax withholding on vested equity awards.
- Flutter reported quarterly revenue of $4.33 billion, up 3.3% year over year and above estimates, but earnings per share of $0.49 missed the $0.54 consensus forecast.
- Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $156.88 price target, although some firms recently lowered targets and Zacks downgraded the stock to “Strong Sell.”
Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) insider Don Liu sold 565 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total value of $55,290.90. Following the sale, the insider owned 20,441 shares in the company, valued at approximately $2,000,356.26. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Flutter Entertainment Trading Up 0.3%
FLUT stock opened at $102.26 on Friday. The business has a fifty day moving average price of $102.73 and a 200 day moving average price of $104.76. Flutter Entertainment PLC has a fifty-two week low of $89.71 and a fifty-two week high of $297.23. The stock has a market capitalization of $17.75 billion, a price-to-earnings ratio of -23.78, a P/E/G ratio of 2.58 and a beta of 1.26. 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 (NYSE:FLUT - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.05). The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.24 billion. Flutter Entertainment had a positive return on equity of 7.27% and a negative net margin of 4.39%.Flutter Entertainment's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.95 EPS. Analysts expect that Flutter Entertainment PLC will post 3.48 EPS for the current fiscal year.
Hedge Funds Weigh In On Flutter Entertainment
Several hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT boosted its holdings in Flutter Entertainment by 1,685.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company's stock worth $27,000 after buying an additional 118 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in shares of Flutter Entertainment by 83.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company's stock valued at $42,000 after acquiring an additional 75 shares during the last quarter. EFG International AG acquired a new stake in shares of Flutter Entertainment in the 4th quarter valued at approximately $36,000. IFP Advisors Inc raised its position in shares of Flutter Entertainment by 93.8% in the 4th quarter. IFP Advisors Inc now owns 186 shares of the company's stock valued at $40,000 after acquiring an additional 90 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Flutter Entertainment by 246.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 187 shares of the company's stock worth $53,000 after acquiring an additional 133 shares during the last quarter.
Wall Street Analysts Forecast Growth
FLUT has been the topic of several research reports. Citizens Jmp reduced their price target on shares of Flutter Entertainment from $165.00 to $159.00 and set a "market outperform" rating on the stock in a research report on Wednesday, July 8th. Zacks Research downgraded shares of Flutter Entertainment from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 4th. Stifel Nicolaus dropped their target price on shares of Flutter Entertainment from $161.00 to $133.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Wedbush reduced their target price on shares of Flutter Entertainment from $138.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday, August 6th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $180.00 price target on shares of Flutter Entertainment in a research note on Sunday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Flutter Entertainment has an average rating of "Moderate Buy" and a consensus target price of $156.88.
View Our Latest Report on Flutter Entertainment
Key Flutter Entertainment News
Here are the key news stories impacting Flutter Entertainment this week:
- Positive Sentiment: Wolfe Research initiated coverage with an “outperform” rating and a $150 price target, suggesting substantial upside from recent trading levels near $102. The new bullish coverage appears to be the main catalyst supporting FLUT shares. Wolfe Research initiates coverage of Flutter Entertainment
- Positive Sentiment: Flutter’s broader analyst outlook remains favorable. MarketBeat data shows a “Moderate Buy” consensus rating and an average price target of $156.88, reflecting investor expectations for continued growth, particularly from brands such as FanDuel. Flutter Entertainment shares rise after Wolfe coverage
- Neutral Sentiment: Five senior insiders, including the CFO, COO and CEOs Jeremy Jackson and Daniel Taylor, sold a combined approximately $447,000 of stock. Because each filing stated that the shares were sold to cover tax withholding on vested equity awards, the transactions are less concerning than discretionary insider selling, though they may attract some investor attention. Flutter Entertainment insider transaction filing
- Negative Sentiment: Flutter is reviewing its Paddy Power retail-store network amid higher UK gambling taxes and economic uncertainty. Reports suggest the company could close up to 100 shops, signaling pressure on UK retail profitability and potentially adding restructuring costs. Flutter considers Paddy Power shop closures
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.
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