Flutter Entertainment PLC (NYSE:FLUT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Flutter Entertainment PLC (NYSE:FLUT) have received a consensus rating of “Moderate Buy” from the twenty-four analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, sixteen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $310.0526.

Several equities analysts recently commented on FLUT shares. Weiss Ratings restated a “sell (d-)” rating on shares of Flutter Entertainment in a research note on Monday, December 1st. JMP Securities decreased their target price on shares of Flutter Entertainment from $345.00 to $340.00 and set a “market outperform” rating on the stock in a research report on Wednesday, October 1st. Bank of America reaffirmed a “neutral” rating and set a $250.00 target price (down from $325.00) on shares of Flutter Entertainment in a report on Tuesday, November 4th. Truist Financial cut their price target on Flutter Entertainment from $335.00 to $305.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, Wells Fargo & Company assumed coverage on Flutter Entertainment in a research report on Tuesday, November 18th. They set an “overweight” rating and a $272.00 price target on the stock.

Flutter Entertainment Stock Performance

NYSE:FLUT opened at $207.98 on Monday. The stock has a 50 day simple moving average of $228.17 and a 200 day simple moving average of $263.92. The stock has a market cap of $36.43 billion, a P/E ratio of -159.98 and a beta of 1.93. Flutter Entertainment has a 1-year low of $189.33 and a 1-year high of $313.68. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27.

Hedge Funds Weigh In On Flutter Entertainment

A number of institutional investors have recently modified their holdings of FLUT. Allworth Financial LP lifted its stake in Flutter Entertainment by 135.9% in the 3rd quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $87,000 after purchasing an additional 197 shares during the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of Flutter Entertainment by 1.0% during the third quarter. Swiss Life Asset Management Ltd now owns 21,211 shares of the company’s stock worth $5,388,000 after buying an additional 213 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Flutter Entertainment during the third quarter worth $1,609,000. Alpine Global Management LLC bought a new position in shares of Flutter Entertainment in the 3rd quarter valued at $356,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Flutter Entertainment during the 3rd quarter valued at $207,000.

Flutter Entertainment Company Profile

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.