Flutter Entertainment (NYSE:FLUT) Earns Buy Rating from Analysts at Moffett Nathanson

Moffett Nathanson assumed coverage on shares of Flutter Entertainment (NYSE:FLUT) in a research report issued on Monday, MarketBeat reports. The firm set a “buy” rating and a $240.00 price target on the stock. Moffett Nathanson’s price target would suggest a potential upside of 18.22% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. JMP Securities reiterated a “market outperform” rating on shares of Flutter Entertainment in a research report on Monday, April 1st. Barclays upgraded Flutter Entertainment from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. upgraded Flutter Entertainment from a “neutral” rating to an “overweight” rating in a research report on Wednesday, March 13th. Finally, Wells Fargo & Company assumed coverage on Flutter Entertainment in a research note on Thursday, April 4th. They issued an “equal weight” rating for the company. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $13,302.50.

Flutter Entertainment Trading Up 0.1 %

Shares of FLUT opened at $203.01 on Monday. The stock has a 50-day moving average price of $202.35 and a 200-day moving average price of $134.14. Flutter Entertainment has a 12-month low of $148.00 and a 12-month high of $226.40.

Hedge Funds Weigh In On Flutter Entertainment

A number of large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Flutter Entertainment in the first quarter worth $7,319,000. Artemis Investment Management LLP purchased a new position in shares of Flutter Entertainment in the first quarter valued at about $29,611,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of Flutter Entertainment during the first quarter valued at about $111,000. Yousif Capital Management LLC purchased a new stake in shares of Flutter Entertainment during the first quarter worth about $649,000. Finally, K.J. Harrison & Partners Inc bought a new stake in shares of Flutter Entertainment in the first quarter worth about $2,206,000. 0.01% of the stock is owned by hedge funds and other institutional investors.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.