Barclays Issues Positive Forecast for Flutter Entertainment (NYSE:FLUT) Stock Price

Flutter Entertainment (NYSE:FLUT) had its price objective lifted by Barclays from $150.00 to $151.00 in a report released on Thursday, MarketBeat reports. They currently have an overweight rating on the stock.

FLUT has been the subject of a number of other reports. BTIG Research decreased their price objective on Flutter Entertainment from $137.00 to $126.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Citizens Jmp cut their price objective 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. Stifel Nicolaus decreased their target price on shares of Flutter Entertainment from $216.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Citigroup reissued an “outperform” rating on shares of Flutter Entertainment in a research report on Wednesday. Finally, Susquehanna dropped their price target on Flutter Entertainment from $160.00 to $143.00 and set a “positive” rating on the stock in a research report on Tuesday, March 31st. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.83.

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $110.90 on Thursday. The firm has a market capitalization of $19.29 billion, a price-to-earnings ratio of -51.82, a PEG ratio of 1.44 and a beta of 1.31. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The business’s 50-day moving average price is $101.93 and its 200-day moving average price is $129.02. Flutter Entertainment has a 12 month low of $91.52 and a 12 month high of $313.68.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.13. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.24 billion. Flutter Entertainment had a positive return on equity of 11.60% and a negative net margin of 2.20%.The firm’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Equities research analysts forecast that Flutter Entertainment will post 5 EPS for the current year.

Insiders Place Their Bets

In related news, COO James Philip Bishop purchased 1,000 shares of Flutter Entertainment stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $99.75 per share, for a total transaction of $99,750.00. Following the completion of the purchase, the chief operating officer directly owned 17,605 shares of the company’s stock, valued at $1,756,098.75. The trade was a 6.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John A. Bryant bought 1,950 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were bought at an average price of $102.86 per share, with a total value of $200,577.00. Following the completion of the purchase, the director owned 9,235 shares in the company, valued at approximately $949,912.10. The trade was a 26.77% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 10,453 shares of company stock valued at $1,045,526 and sold 5,994 shares valued at $577,293. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Flutter Entertainment

Institutional investors have recently made changes to their positions in the business. Cibc World Markets Corp bought a new position in Flutter Entertainment in the fourth quarter worth approximately $1,678,841,000. Hsbc Holdings PLC raised its stake in Flutter Entertainment by 33,988.7% during the 1st quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company’s stock valued at $575,185,000 after purchasing an additional 5,589,099 shares during the period. Capital International Investors boosted its position in shares of Flutter Entertainment by 146.8% during the fourth quarter. Capital International Investors now owns 8,039,066 shares of the company’s stock worth $1,728,772,000 after acquiring an additional 4,782,302 shares during the last quarter. Norges Bank purchased a new position in shares of Flutter Entertainment during the fourth quarter valued at about $694,009,000. Finally, Amundi boosted its position in shares of Flutter Entertainment by 463.7% during the 1st quarter. Amundi now owns 2,059,906 shares of the company’s stock valued at $210,007,000 after acquiring an additional 1,694,474 shares during the last quarter.

Key Flutter Entertainment News

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Michael Burry disclosed a sizable purchase of Flutter shares, arguing that regulatory scrutiny could eventually blunt the threat from prediction markets. The move has been viewed as a bullish signal for the regulated sportsbook industry. Michael Burry buys Flutter, DraftKings shares betting prediction-market threat will fade
• Positive Sentiment: Barclays raised its price target on Flutter Entertainment to $151 and reiterated an overweight rating, signaling confidence in the company’s growth outlook and valuation upside. Barclays raises Flutter price target
• Positive Sentiment: Zacks Research upgraded Flutter from “strong sell” to “hold,” which may help improve investor sentiment even though it is a modest change. Flutter upgraded by Zacks Research
• Neutral Sentiment: Citizens JMP trimmed its price target on Flutter to $159 while keeping a market outperform rating, which still implies meaningful upside and is not a major negative for the stock. Flutter price target lowered by Citizens JMP
• Neutral Sentiment: FanDuel’s planned expansion into Alberta shows continued international growth for Flutter’s sportsbook brand, but the impact depends on regulatory approval and launch execution. FanDuel expands Canadian footprint
• Negative Sentiment: FanDuel is facing a lawsuit over alleged VIP treatment for problem gamblers, adding regulatory and reputational risk around responsible gaming practices. FanDuel lawsuit over VIP perks and gambling addiction
• Negative Sentiment: Announced layoffs at PokerStars point to cost-cutting pressures within another Flutter brand, though the direct stock impact appears limited versus the broader betting-industry headlines. PokerStars confirms upcoming layoffs

Flutter Entertainment Company Profile

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.