Flutter Entertainment (NYSE:FLUT) Given New $230.00 Price Target at BTIG Research

Flutter Entertainment (NYSE:FLUT) had its price objective lowered by BTIG Research from $281.00 to $230.00 in a research report released on Tuesday morning, MarketBeat.com reports. BTIG Research currently has a buy rating on the stock.

Several other analysts have also recently issued reports on the stock. Craig Hallum cut shares of Flutter Entertainment from a “buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a research note on Wednesday, January 21st. UBS Group dropped their price target on Flutter Entertainment from $340.00 to $320.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Citigroup reiterated an “outperform” rating on shares of Flutter Entertainment in a research report on Monday, January 5th. Hsbc Global Res raised Flutter Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Finally, Sanford C. Bernstein cut their target price on Flutter Entertainment from $245.00 to $225.00 and set a “market perform” rating for the company in a research note on Thursday, January 15th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Flutter Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $283.24.

Flutter Entertainment Trading Down 3.7%

FLUT stock opened at $168.19 on Tuesday. Flutter Entertainment has a 12-month low of $167.23 and a 12-month high of $313.68. The business’s 50-day moving average is $206.70 and its 200 day moving average is $248.98. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. The stock has a market cap of $29.47 billion, a price-to-earnings ratio of -129.37 and a beta of 1.88.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FLUT. ORG Partners LLC lifted its holdings in Flutter Entertainment by 43.0% during the 3rd quarter. ORG Partners LLC now owns 143 shares of the company’s stock worth $36,000 after buying an additional 43 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Flutter Entertainment by 0.6% in the second quarter. MML Investors Services LLC now owns 7,081 shares of the company’s stock valued at $2,024,000 after acquiring an additional 45 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Flutter Entertainment by 1.2% in the third quarter. OneDigital Investment Advisors LLC now owns 4,057 shares of the company’s stock valued at $1,030,000 after acquiring an additional 49 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Flutter Entertainment by 5.6% in the third quarter. Versant Capital Management Inc now owns 943 shares of the company’s stock valued at $240,000 after purchasing an additional 50 shares during the period. Finally, Stratos Wealth Partners LTD. grew its stake in Flutter Entertainment by 5.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,074 shares of the company’s stock worth $273,000 after purchasing an additional 58 shares in the last quarter.

Flutter Entertainment Company Profile

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.