Flutter Entertainment slides as investors weigh weaker 2026 outlook and ongoing U.S. betting pressures

Flutter Entertainment plc (FLUT) is down 6.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is continued caution around Flutter’s U.S. profitability after the company trimmed its 2026 outlook in May and flagged lower adjusted EBITDA tied to investment in prediction markets. This could also be because investors are still digesting management turnover at FanDuel and the company’s plan to end its London listing, both of which add uncertainty even if they do not change the long-term strategy.

Details:

Flutter’s first-quarter 2026 release showed revenue growth, but the company also reduced full-year guidance and said U.S. adjusted EBITDA was pressured by investment in prediction markets.

The same quarterly materials highlighted a sports-results headwind and softer player trends in some areas, reinforcing concern that strong revenue growth is not fully translating into near-term earnings strength.

In early May, Flutter announced that FanDuel CEO Amy Howe had left the company, with President Christian Genetski taking over leadership of the business.

On June 12, 2026, Flutter said it intends to delist its ordinary shares from the London Stock Exchange, a move that may have prompted additional portfolio repositioning as trading liquidity shifts toward New York.

Sources:

Flutter Entertainment, SEC, Axios

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$FLUT Insider Trading Activity

$FLUT insiders have traded $FLUT stock on the open market 17 times in the past 6 months. Of those trades, 3 have been purchases and 14 have been sales.

Here’s a breakdown of recent trading of $FLUT stock by insiders over the last 6 months:

AMY HOWE (CEO & President - FanDuel) has made 0 purchases and 2 sales selling 8,895 shares for an estimated $942,098.
ROBERT COLDRAKE (Chief Financial Officer) sold 4,613 shares for an estimated $491,053
JEREMY PETER JACKSON (Chief Executive Officer) sold 4,326 shares for an estimated $467,208
DANIEL MARK TAYLOR (President FLUT; CEO FLUT Intl) has made 2 purchases buying 2,624 shares for an estimated $251,586 and 0 sales.
DON H LIU (Chief Legal Officer) sold 1,259 shares for an estimated $117,558
CAROLAN LENNON has made 1 purchase buying 520 shares for an estimated $47,995 and 1 sale selling 439 shares for an estimated $41,542.
JOHN A BRYANT sold 214 shares for an estimated $20,250
STEFAN ANDREAS BOMHARD sold 177 shares for an estimated $16,749
NANCY CRUICKSHANK sold 152 shares for an estimated $14,383
ROBERT R BENNETT sold 135 shares for an estimated $12,775
HOLLY K KOEPPEL sold 135 shares for an estimated $12,775
CHRISTINE M MCCARTHY sold 135 shares for an estimated $12,775
ALFRED F JR HURLEY sold 135 shares for an estimated $12,775
NANCY DUBUC sold 135 shares for an estimated $12,775

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$FLUT Hedge Fund Activity

We have seen 252 institutional investors add shares of $FLUT stock to their portfolio, and 412 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CIBC WORLD MARKETS CORP added 7,799,749 shares (+105989.3%) to their portfolio in Q4 2025, for an estimated $1,677,258,024
HSBC HOLDINGS PLC added 5,589,099 shares (+33988.7%) to their portfolio in Q1 2026, for an estimated $569,808,643
FMR LLC removed 4,602,683 shares (-81.4%) from their portfolio in Q1 2026, for an estimated $469,243,531
CAPITAL INTERNATIONAL INVESTORS removed 4,486,004 shares (-55.8%) from their portfolio in Q1 2026, for an estimated $457,348,107
CIBC WORLD MARKET INC. added 3,100,010 shares (+inf%) to their portfolio in Q1 2026, for an estimated $316,046,019
AKO CAPITAL LLP removed 2,622,399 shares (-84.3%) from their portfolio in Q1 2026, for an estimated $267,353,578
PARVUS ASSET MANAGEMENT JERSEY LTD added 2,619,855 shares (+29.1%) to their portfolio in Q1 2026, for an estimated $267,094,217

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$FLUT Analyst Ratings

Wall Street analysts have issued reports on $FLUT in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Sell" rating on 04/16/2026
Macquarie issued a "Outperform" rating on 02/27/2026
Stifel issued a "Buy" rating on 01/30/2026

To track analyst ratings and price targets for $FLUT, check out Quiver Quantitative's $FLUT forecast page.

$FLUT Price Targets

Multiple analysts have issued price targets for $FLUT recently. We have seen 18 analysts offer price targets for $FLUT in the last 6 months, with a median target of $155.0.

Here are some recent targets:

Matthew McCartney from Wedbush set a target price of $138.0 on 06/16/2026
Trey Bowers from Wells Fargo set a target price of $168.0 on 06/12/2026
Brandt Montour from Barclays set a target price of $150.0 on 05/08/2026
Bernie McTernan from Needham set a target price of $135.0 on 05/07/2026
Clark Lampen from BTIG set a target price of $126.0 on 05/07/2026
Chad Beynon from Macquarie set a target price of $190.0 on 05/07/2026
Ian Moore from Bernstein set a target price of $115.0 on 05/07/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.