Flutter Entertainment PLC (NYSE:FLUT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Flutter Entertainment PLC (NYSE:FLUT) has been given an average rating of “Moderate Buy” by the twenty-five analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seventeen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $302.45.

FLUT has been the subject of several research analyst reports. Oppenheimer decreased their price target on shares of Flutter Entertainment from $350.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Canaccord Genuity Group reduced their price objective on Flutter Entertainment from $340.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. 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 research report on Tuesday, November 4th. Truist Financial dropped their price target on Flutter Entertainment from $305.00 to $280.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Flutter Entertainment in a report on Monday.

Institutional Investors Weigh In On Flutter Entertainment

Several hedge funds have recently modified their holdings of the business. WGI DM LLC increased its holdings in Flutter Entertainment by 58.2% during the third quarter. WGI DM LLC now owns 476,261 shares of the company’s stock valued at $120,970,000 after buying an additional 175,168 shares during the period. Mirabella Financial Services LLP boosted its position in Flutter Entertainment by 147.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 6,634 shares of the company’s stock valued at $1,682,000 after acquiring an additional 3,950 shares in the last quarter. Hudson Bay Capital Management LP increased its holdings in shares of Flutter Entertainment by 6.2% in the 3rd quarter. Hudson Bay Capital Management LP now owns 395,120 shares of the company’s stock valued at $100,360,000 after acquiring an additional 23,237 shares during the period. AMS Capital Ltda bought a new position in shares of Flutter Entertainment in the 3rd quarter worth $5,059,000. Finally, Allworth Financial LP raised its position in shares of Flutter Entertainment by 135.9% in the 3rd quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $87,000 after acquiring an additional 197 shares in the last quarter.

Flutter Entertainment Trading Down 0.9%

Shares of FLUT opened at $215.46 on Friday. The firm has a market capitalization of $37.74 billion, a price-to-earnings ratio of -165.74 and a beta of 1.88. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. Flutter Entertainment has a 1-year low of $189.33 and a 1-year high of $313.68. The company has a 50-day moving average of $215.89 and a 200 day moving average of $259.42.

About Flutter Entertainment

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.