Flutter Entertainment (NYSE:FLUT) Given New $143.00 Price Target at Susquehanna

Flutter Entertainment (NYSE:FLUT) had its target price trimmed by Susquehanna from $160.00 to $143.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a positive rating on the stock.

Other research analysts also recently issued reports about the company. Oppenheimer cut their target price on Flutter Entertainment from $280.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Stifel Nicolaus lowered their price objective on Flutter Entertainment from $304.00 to $259.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Citizens Jmp cut their price objective on Flutter Entertainment from $275.00 to $195.00 and set a “market outperform” rating on the stock in a research note on Friday, February 27th. Kepler Capital Markets cut Flutter Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Benchmark decreased their target price on shares of Flutter Entertainment from $285.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $223.25.

Flutter Entertainment Price Performance

FLUT stock opened at $102.02 on Tuesday. The company has a market capitalization of $17.88 billion, a P/E ratio of -56.68, a PEG ratio of 0.68 and a beta of 2.30. The company has a fifty day moving average price of $128.59 and a 200-day moving average price of $193.59. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.95 and a current ratio of 0.95. Flutter Entertainment has a 52-week low of $98.88 and a 52-week high of $313.68.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings data on Friday, February 27th. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.37). The business had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.87 billion. Flutter Entertainment had a positive return on equity of 12.12% and a negative net margin of 1.89%.The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.94 EPS. As a group, equities analysts expect that Flutter Entertainment will post 4.17 EPS for the current year.

Flutter Entertainment announced that its Board of Directors has authorized a share buyback program on Wednesday, March 11th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Flutter Entertainment

In related news, CEO Amy Howe sold 8,895 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $105.91, for a total transaction of $942,069.45. Following the sale, the chief executive officer owned 78,889 shares in the company, valued at $8,355,133.99. This represents a 10.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeremy Peter Jackson sold 4,326 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $108.00, for a total value of $467,208.00. Following the sale, the chief executive officer directly owned 36,788 shares of the company’s stock, valued at $3,973,104. This represents a 10.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 17,834 shares of company stock valued at $1,900,331. Corporate insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Flutter Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 acquiring an additional 69 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Flutter Entertainment during the second quarter worth $405,000. Creative Planning bought a new position in Flutter Entertainment during the second quarter worth $296,000. Franklin Resources Inc. grew its holdings in Flutter Entertainment by 6.5% in the second quarter. Franklin Resources Inc. now owns 6,203 shares of the company’s stock worth $1,773,000 after purchasing an additional 377 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in Flutter Entertainment in the second quarter worth $1,131,000.

Trending Headlines about Flutter Entertainment

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

• Positive Sentiment: Company is accelerating buybacks — Flutter has launched a rapid $250M tranche and is continuing buybacks under its up-to-$5B U.S. capital-return plan, a clear capital-allocation signal that supports the share price by reducing float and showing management confidence. Flutter Continues U.S. Buybacks Under $5 Billion Capital Return Plan Buyback Watch: KLA, Flutter, and Grab Move Fast as Their Stocks Swing (FLUT)
• Positive Sentiment: Jefferies highlights incremental upside from FanDuel’s app — the bank estimates the FanDuel app could add roughly $125M of revenue not yet reflected in consensus, supporting higher earnings potential if cross-sell/monetization accelerates. FanDuel Predicts app could add $125 million in revenues not yet in Flutter’s guidance
• Neutral Sentiment: Analyst target reduced but rating stays constructive — Susquehanna cut its FLUT target from $160 to $143 while retaining a “positive” rating, reducing near-term analyst optimism but still implying meaningful upside versus current levels. Susquehanna price target cut
• Neutral Sentiment: Value/contrarian coverage after big YTD decline — several pieces argue FLUT may be mispriced after a ~54% YTD slide; that framing can attract bargain hunters but also reflects persistent execution risk. Is Flutter Entertainment Mispriced After A 54% YTD Slide
• Negative Sentiment: FanDuel is closing its TV network and Picks platform — the shutdown signals a strategic shift that could reduce promotional reach and content-driven engagement; investors worry about near-term customer acquisition and revenue mix effects. FanDuel to shutter TV network and Picks platform amid strategy shift
• Negative Sentiment: Industry stakeholders are pushing back — the National Thoroughbred Welfare & Advisory Board and other groups have publicly urged FanDuel to reconsider the TV phaseout, creating reputational and partnership risk that could complicate the rollout of the strategic change. NTWAB Board Issues Letter in Support of FanDuel TV

About Flutter Entertainment

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.