Flutter Entertainment (NYSE:FLUT) Given New $275.00 Price Target at Citizens Jmp

Flutter Entertainment (NYSE:FLUT) had its target price decreased by analysts at Citizens Jmp from $313.00 to $275.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s target price would indicate a potential upside of 51.81% from the company’s previous close.

A number of other brokerages have also recently issued reports on FLUT. Barclays dropped their target price on shares of Flutter Entertainment from $325.00 to $307.00 and set an “overweight” rating for the company in a research report on Wednesday, December 17th. Canaccord Genuity Group reduced their target price on Flutter Entertainment from $340.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. BTIG Research lifted their price objective on Flutter Entertainment from $271.00 to $281.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Benchmark decreased their target price on Flutter Entertainment from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Monday, December 1st. Finally, Morgan Stanley cut their price target on Flutter Entertainment from $352.00 to $315.00 and set an “overweight” rating for the company in a report on Friday, December 12th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $289.95.

Flutter Entertainment Stock Performance

FLUT traded up $0.08 on Thursday, hitting $181.15. 824,024 shares of the stock traded hands, compared to its average volume of 2,513,695. The firm has a market capitalization of $31.74 billion, a PE ratio of -138.21 and a beta of 1.88. The business has a fifty day moving average price of $208.38 and a two-hundred day moving average price of $252.38. Flutter Entertainment has a 52 week low of $179.37 and a 52 week 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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rathbones Group PLC increased its holdings in shares of Flutter Entertainment by 2.8% in the fourth quarter. Rathbones Group PLC now owns 7,017 shares of the company’s stock worth $1,509,000 after acquiring an additional 192 shares in the last quarter. Signaturefd LLC increased its stake in Flutter Entertainment by 124.7% in the 4th quarter. Signaturefd LLC now owns 400 shares of the company’s stock valued at $86,000 after buying an additional 222 shares during the last quarter. Perpetual Ltd lifted its position in Flutter Entertainment by 3.6% during the 4th quarter. Perpetual Ltd now owns 963,249 shares of the company’s stock worth $207,137,000 after buying an additional 33,373 shares in the last quarter. Tempus Wealth Planning LLC acquired a new position in shares of Flutter Entertainment during the 4th quarter worth about $273,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Flutter Entertainment in the 4th quarter valued at about $1,333,000.

Trending Headlines about Flutter Entertainment

Here are the key news stories impacting Flutter Entertainment this week:

• Neutral Sentiment: Bank of America cut its price target from $250 to $210 and assigned a “neutral” rating; the new target implies upside from current levels but removes a prior bullish outlook. Benzinga: BofA Lowers PT
• Neutral Sentiment: Benzinga compiled 26 analyst reviews that illustrate a mixed-to-negative consensus emerging across the sell side (useful context on where ratings and targets sit). Demystifying Flutter Entertainment: Insights From 26 Analyst Reviews
• Negative Sentiment: Zacks Research downgraded FLUT from “hold” to “strong sell,” a steep negative signal that can drive short-term outflows and weigh on investor confidence. Zacks Downgrade
• Negative Sentiment: Craig-Hallum cut its rating from “buy” to “hold” and set a $200 price target, signaling reduced conviction from a previously bullish firm. Craig-Hallum Downgrades Flutter Entertainment
• Negative Sentiment: Coverage of the analyst activity notes FLUT has hit a one-year low following these downgrades, reinforcing the negative momentum and potential for further downside until sentiment stabilizes. Flutter Reaches New 1-Year Low
• Negative Sentiment: Headline roundup: major outlets flagged that while other tech names were upgraded, Flutter drew downgrades—adding to sector-rotation and headline-driven selling. Arm Upgraded, Flutter Downgraded

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.