Flutter Entertainment

Sands Capital's Global Growth Fund flagged Flutter Entertainment as facing 'terminal value purgatory', citing investor worries that prediction markets could pressure long‑term revenue and margins. While the fund still finds Flutter's valuation and expected returns attractive, it plans to reduce exposure to debated internet businesses and consolidate into higher‑conviction names. Hedge fund ownership in Flutter fell to 37 portfolios in Q2 from 57 the prior quarter, and shares are down about 65% over the past year. » Plus sur finance.yahoo.com

Flutter Entertainment shares rose 1.1% in premarket trading to $96.05 as they try to recover from the 52‑week low of $89.71. There are no new company announcements; the rise is seen as a position-driven move at a technical support zone. An upgrade by Citigroup from "Sell" to "Neutral" and confirmations of buy/outperform ratings from other firms have supported sentiment, although price targets were cut after Q2. Investors remain cautious, as the stock is still well below the 52‑week high of $309.38. » Plus sur de.investing.com

Flutter Entertainment shares fell about 2.8% intraday and stabilized around $98.55. Kalshi's announcement to introduce fees for combo and system bets from Aug. 19 could, according to Bank of America, materially weigh on FanDuel's EBITDA in the second half of the year. Additionally, Flutter disappointed with Q2: adjusted EPS missed consensus, the operating margin fell to -3.3%, and the revenue forecast for 2026 was lowered; CEO Peter Jackson is leaving the company. Analysts repeatedly cut price targets, leaving the stock trading more than 68% below its 52-week high. » Plus sur de.investing.com