Flutter Entertainment PLC (NYSE:FLUT) Given Average Recommendation of “Moderate Buy” by Analysts

Flutter Entertainment PLC (NYSE:FLUT) has earned an average recommendation of “Moderate Buy” from the twenty-seven research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, seventeen have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $289.8095.

Several research analysts recently issued reports on the company. JMP Securities cut their target price on 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. Benchmark cut their price objective on shares of Flutter Entertainment from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Monday, December 1st. Stifel Nicolaus reduced their target price on shares of Flutter Entertainment from $339.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Wells Fargo & Company reissued an “equal weight” rating and set a $228.00 price target (down from $248.00) on shares of Flutter Entertainment in a research report on Wednesday, January 14th. Finally, Canaccord Genuity Group reduced their price objective on shares of Flutter Entertainment from $340.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, November 13th.

Flutter Entertainment Price Performance

FLUT stock opened at $174.90 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50-day simple moving average of $207.20 and a two-hundred day simple moving average of $249.83. The company has a market capitalization of $30.65 billion, a P/E ratio of -134.54 and a beta of 1.88. Flutter Entertainment has a 52-week low of $171.96 and a 52-week high of $313.68.

Institutional Trading of Flutter Entertainment

A number of hedge funds have recently bought and sold shares of FLUT. JNBA Financial Advisors bought a new position in Flutter Entertainment in the 4th quarter valued at $914,000. Farther Finance Advisors LLC boosted its holdings in shares of Flutter Entertainment by 54.1% in the 4th quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $199,000 after buying an additional 325 shares during the last quarter. Elevate Capital Advisors LLC grew its position in Flutter Entertainment by 30.0% during the fourth quarter. Elevate Capital Advisors LLC now owns 2,864 shares of the company’s stock valued at $616,000 after buying an additional 661 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Flutter Entertainment by 3.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,961,244 shares of the company’s stock worth $636,786,000 after buying an additional 96,563 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in Flutter Entertainment during the fourth quarter worth about $85,000.

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.