Flutter Entertainment (NYSE:FLUT) CEO Jeremy Peter Jackson Sells 4,326 Shares of Stock

Flutter Entertainment PLC (NYSE:FLUT) CEO Jeremy Peter Jackson sold 4,326 shares of Flutter Entertainment stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $108.00, for a total transaction of $467,208.00. Following the transaction, the chief executive officer owned 36,788 shares in the company, valued at $3,973,104. This represents a 10.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Flutter Entertainment Trading Up 2.6%

NYSE:FLUT opened at $108.26 on Friday. Flutter Entertainment PLC has a one year low of $99.96 and a one year high of $313.68. The business has a fifty day moving average price of $152.49 and a 200-day moving average price of $211.01. The firm has a market capitalization of $18.98 billion, a price-to-earnings ratio of -60.14, a price-to-earnings-growth ratio of 0.72 and a beta of 2.30. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.95 and a quick ratio of 0.95.

Flutter Entertainment (NYSE:FLUT) last released its earnings results on Thursday, February 26th. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.37). Flutter Entertainment had a negative net margin of 1.89% and a positive return on equity of 12.12%. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter last year, the firm posted $2.94 earnings per share. Flutter Entertainment’s revenue for the quarter was up 24.9% on a year-over-year basis. Sell-side analysts forecast that Flutter Entertainment PLC will post 4.17 EPS for the current year.

Flutter Entertainment declared that its board has approved a stock repurchase program on Wednesday, March 11th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms recently issued reports on FLUT. Craig Hallum lowered shares of Flutter Entertainment from a “buy” rating to a “hold” rating and set a $200.00 target price for the company. in a report on Wednesday, January 21st. Susquehanna reissued a “positive” rating and issued a $228.00 price objective on shares of Flutter Entertainment in a research note on Tuesday, January 27th. Morgan Stanley lowered their target price on shares of Flutter Entertainment from $352.00 to $315.00 and set an “overweight” rating on the stock in a research note on Friday, December 12th. BTIG Research dropped their target price on shares of Flutter Entertainment from $230.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $228.00 price target (down from $248.00) on shares of Flutter Entertainment in a research note on Wednesday, January 14th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.65.

Hedge Funds Weigh In On Flutter Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Makena Capital Management LLC purchased a new stake in shares of Flutter Entertainment during the 3rd quarter valued at about $11,517,000. TimesSquare Capital Management LLC grew its position in Flutter Entertainment by 294.1% in the third quarter. TimesSquare Capital Management LLC now owns 378,878 shares of the company’s stock worth $96,235,000 after acquiring an additional 282,736 shares in the last quarter. AGF Management Ltd. bought a new stake in Flutter Entertainment during the third quarter worth approximately $9,519,000. Mutual of America Capital Management LLC bought a new stake in Flutter Entertainment during the third quarter worth approximately $2,173,000. Finally, Federated Hermes Inc. purchased a new stake in Flutter Entertainment during the third quarter valued at approximately $169,777,000.

Flutter Entertainment News Summary

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

• Positive Sentiment: Board authorizes buyback — The Board approved a $250 million share repurchase program (up to ~1.3% of shares), which reduces float and signals management thinks shares are undervalued; buybacks often support near-term stock demand. Flutter Entertainment (NYSE:FLUT) Announces Stock Buyback Program
• Positive Sentiment: Prediction markets & product investment — Management is expanding FanDuel Predicts and treating prediction markets as incremental TAM; company plans material investment to scale the product ahead of major sports seasons, which could drive revenue growth and engagement. 3 Stocks Betting Big on Prediction Markets This March Madness
• Positive Sentiment: Analyst/market write-ups lift valuation narrative — Recent commentary argues FLUT’s valuation has improved on updates and investor focus on scale/EBITDA could support multiple expansion if growth re-accelerates. Flutter Entertainment (NYSE:FLUT) Valuation Climbs Higher Following Latest Market Update
• Neutral Sentiment: Long-term opportunity debate — Commentary examines whether the recent multi-quarter share price decline creates a buy-the-dip chance; useful for investors weighing fundamentals vs. macro/sector headwinds. Has Flutter Entertainment (NYSE:FLUT) Share Price Slump Created A Long Term Opportunity?
• Neutral Sentiment: Director RSUs granted — The company issued restricted stock units to an independent director (standard governance/compensation action); modest dilution/expense but routine. Flutter grants RSUs to independent director Stefan Bomhard
• Negative Sentiment: Institutional trimming — Los Angeles-based Capital Group reduced its holding, a high-profile institutional seller that can pressure sentiment and indicate waning confidence from a major shareholder. Los Angeles fund Capital Group reduces Flutter Entertainment holding
• Negative Sentiment: Executive insider selling — Multiple senior executives disclosed large stock sales (CEO(s) and CFO reduced positions last week), which markets often view negatively even if sales are for diversification/liquidity. SEC Filing — Amy Howe Form 4

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.