Benchmark Cuts Flutter Entertainment (NYSE:FLUT) Price Target to $113.00

Flutter Entertainment (NYSE:FLUT) had its target price decreased by stock analysts at Benchmark from $132.00 to $113.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s target price would suggest a potential upside of 22.15% from the stock’s current price.

Several other research analysts have also recently issued reports on FLUT. Stifel Nicolaus cut their target price on Flutter Entertainment from $161.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday. BNP Paribas Exane started coverage on Flutter Entertainment in a research note on Thursday, May 14th. They issued an “underperform” rating and a $80.00 target price on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $167.00 price target on shares of Flutter Entertainment in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Flutter Entertainment in a research note on Wednesday, May 27th. Finally, Zacks Research cut Flutter Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $168.87.

Flutter Entertainment Stock Down 0.4%

NYSE FLUT traded down $0.40 during mid-day trading on Thursday, hitting $92.51. The company’s stock had a trading volume of 2,644,254 shares, compared to its average volume of 3,402,485. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of -43.27, a PEG ratio of 1.44 and a beta of 1.28. The company’s 50 day simple moving average is $104.63 and its 200 day simple moving average is $114.33. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Flutter Entertainment has a twelve month low of $89.71 and a twelve month high of $313.68.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). Flutter Entertainment had a negative net margin of 2.20% and a positive return on equity of 11.60%. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the prior year, the business earned $2.95 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Flutter Entertainment will post 4.72 earnings per share for the current year.

Insider Activity at Flutter Entertainment

In other news, Director Carolan Lennon sold 439 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $94.63, for a total transaction of $41,542.57. Following the sale, the director directly owned 1,688 shares in the company, valued at approximately $159,735.44. The trade was a 20.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO James Philip Bishop purchased 1,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were acquired at an average price of $99.75 per share, for a total transaction of $99,750.00. Following the purchase, the chief operating officer directly owned 17,605 shares of the company’s stock, valued at approximately $1,756,098.75. This represents a 6.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 10,453 shares of company stock worth $1,045,526 and have sold 5,994 shares worth $577,293. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On Flutter Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in FLUT. MML Investors Services LLC boosted its holdings in Flutter Entertainment by 0.6% during the second quarter. MML Investors Services LLC now owns 7,081 shares of the company’s stock worth $2,024,000 after purchasing an additional 45 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 during the period. Truist Financial Corp raised its holdings in shares of Flutter Entertainment by 2.8% in the 4th quarter. Truist Financial Corp now owns 2,602 shares of the company’s stock valued at $560,000 after purchasing an additional 72 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in 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 purchasing an additional 75 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Flutter Entertainment by 0.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 9,119 shares of the company’s stock worth $1,961,000 after buying an additional 80 shares during the last quarter.

Flutter Entertainment News Summary

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

• Positive Sentiment: Needham & Company maintained a Buy rating despite lowering its price target from $135 to $110, implying substantial potential upside from the current $92.96 level. Benzinga analyst rating report
• Positive Sentiment: BTIG also retained a Buy rating, although it reduced its target from $120 to $113. The continued Buy ratings suggest some analysts view the selloff as excessive and expect longer-term recovery. The Fly analyst rating report
• Neutral Sentiment: Flutter appointed company veteran Dan Taylor as group CEO effective October 1, succeeding Peter Jackson. Taylor’s experience may provide continuity, but the leadership change adds uncertainty during a period of weaker U.S. sports-betting performance. Flutter CEO transition announcement
• Negative Sentiment: Q2 adjusted EPS was $0.49, below the approximately $0.54 consensus estimate and sharply below $2.95 a year earlier. Revenue of $4.33 billion exceeded estimates of $4.24 billion and increased 3.3% year over year, but the earnings miss is the more significant market concern. Flutter Q2 2026 financial results
• Negative Sentiment: Management lowered its profit outlook again as the U.S. business struggled, while 2026 revenue guidance of $17.4 billion to $18.4 billion provides limited upside versus the $18.3 billion consensus estimate. Reports also indicated Flutter may swing to a loss. Wall Street Journal outlook report
• Negative Sentiment: Zacks Research downgraded Flutter from Hold to Strong Sell, adding to the negative analyst reaction. The combination of the earnings miss, weaker guidance and CEO exit explains why shares have decreased and reached a new 52-week low. Zacks Research rating

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.