Flutter Entertainment (NYSE:FLUT) Price Target Cut to $317.00 by Analysts at Citizens Jmp

Flutter Entertainment (NYSE:FLUT) had its target price cut by Citizens Jmp from $328.00 to $317.00 in a research note issued to investors on Monday morning, MarketBeat.com reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently commented on the stock. Macquarie reiterated an “outperform” rating and set a $340.00 target price on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Needham & Company LLC increased their target price on shares of Flutter Entertainment from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Citigroup restated an “outperform” rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Barclays boosted their price objective on Flutter Entertainment from $301.00 to $308.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Finally, BTIG Research set a $323.00 price target on Flutter Entertainment in a report on Monday, February 3rd. Twenty research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Flutter Entertainment has a consensus rating of “Buy” and an average price target of $312.06.

Flutter Entertainment Price Performance

Shares of NYSE:FLUT opened at $232.32 on Monday. Flutter Entertainment has a one year low of $174.03 and a one year high of $299.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $41.23 billion and a price-to-earnings ratio of 1,056.00. The firm has a 50 day simple moving average of $249.94 and a 200 day simple moving average of $253.33.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, CEO Amy Howe sold 11,814 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $260.50, for a total value of $3,077,547.00. Following the completion of the sale, the chief executive officer now directly owns 62,941 shares of the company’s stock, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $261.96, for a total value of $6,556,072.92. Following the sale, the director now owns 21,148 shares in the company, valued at approximately $5,539,930.08. This represents a 54.20 % decrease in their position. The disclosure for this sale can be found here.

Institutional Trading of Flutter Entertainment

Several institutional investors and hedge funds have recently modified their holdings of the business. Jennison Associates LLC bought a new stake in Flutter Entertainment in the 4th quarter worth approximately $239,306,000. DJE Kapital AG purchased a new position in Flutter Entertainment during the fourth quarter valued at $442,000. Sanctuary Advisors LLC purchased a new stake in Flutter Entertainment in the third quarter worth about $802,000. Benson Investment Management Company Inc. purchased a new position in Flutter Entertainment during the fourth quarter valued at $5,116,000. Finally, Bank of New York Mellon Corp grew its position in Flutter Entertainment by 68.3% during the 4th quarter. Bank of New York Mellon Corp now owns 199,813 shares of the company’s stock valued at $51,642,000 after purchasing an additional 81,101 shares during the last quarter.

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.