Flutter Entertainment (NYSE:FLUT) CFO Robert Coldrake Sells 4,613 Shares

Flutter Entertainment PLC (NYSE:FLUT) CFO Robert Coldrake sold 4,613 shares of Flutter Entertainment stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $106.45, for a total value of $491,053.85. Following the completion of the transaction, the chief financial officer owned 10,006 shares of the company’s stock, valued at approximately $1,065,138.70. The trade was a 31.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Flutter Entertainment Trading Up 2.6%

Shares of NYSE FLUT opened at $108.26 on Friday. Flutter Entertainment PLC has a 12-month low of $99.96 and a 12-month high of $313.68. The company has a market cap 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 current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.31. The stock’s 50 day simple moving average is $152.49 and its 200 day simple moving average is $211.01.

Flutter Entertainment (NYSE:FLUT) last issued 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). The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.87 billion. Flutter Entertainment had a positive return on equity of 12.12% and a negative net margin of 1.89%.Flutter Entertainment’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.94 earnings per share. Equities research analysts expect 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 permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Key Stories Impacting Flutter Entertainment

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

Institutional Investors Weigh In On Flutter Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its position in Flutter Entertainment by 219.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock worth $25,000 after purchasing an additional 79 shares during the period. JFS Wealth Advisors LLC bought a new stake in shares of Flutter Entertainment in the 3rd quarter worth $27,000. Zions Bancorporation National Association UT lifted its holdings in shares of Flutter Entertainment by 1,685.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock valued at $27,000 after buying an additional 118 shares during the period. JCIC Asset Management Inc. bought a new position in Flutter Entertainment during the third quarter valued at about $32,000. Finally, Atlantic Union Bankshares Corp acquired a new position in Flutter Entertainment during the third quarter worth about $34,000.

Wall Street Analyst Weigh In

FLUT has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on shares of Flutter Entertainment from $304.00 to $259.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Susquehanna reaffirmed a “positive” rating and set a $228.00 price target on shares of Flutter Entertainment in a report on Tuesday, January 27th. Oppenheimer decreased their price objective on Flutter Entertainment from $280.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. UBS Group cut their target price on Flutter Entertainment from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Finally, HSBC raised Flutter Entertainment from a “hold” rating to a “buy” rating and decreased their price target for the stock from $265.00 to $228.00 in a research note on Monday, November 24th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $234.65.

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.