Flutter Entertainment PLC (NYSE:FLUT) Receives $269.10 Consensus Price Target from Analysts

Flutter Entertainment PLC (NYSE:FLUT) has received an average rating of “Moderate Buy” from the twenty-five brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, fifteen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $269.10.

A number of equities analysts have commented on FLUT shares. Oppenheimer set a $280.00 price objective on Flutter Entertainment in a research note on Thursday, January 29th. Craig Hallum cut Flutter Entertainment from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a research report on Wednesday, January 21st. Needham & Company LLC cut their price objective on shares of Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Truist Financial set a $260.00 target price on shares of Flutter Entertainment in a report on Tuesday, January 13th. Finally, Texas Capital raised shares of Flutter Entertainment to a “strong-buy” rating in a report on Thursday, January 8th.

Flutter Entertainment Stock Down 4.7%

Shares of FLUT opened at $115.35 on Friday. Flutter Entertainment has a 12 month low of $114.93 and a 12 month high of $313.68. The firm’s 50 day moving average is $182.57 and its 200-day moving average is $227.65. The stock has a market capitalization of $20.21 billion, a PE ratio of -88.73 and a beta of 1.89. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27.

Institutional Investors Weigh In On Flutter Entertainment

A number of large investors have recently modified their holdings of FLUT. MassMutual Private Wealth & Trust FSB lifted its position in shares of Flutter Entertainment by 219.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock worth $25,000 after buying an additional 79 shares during the last quarter. JFS Wealth Advisors LLC acquired a new position in Flutter Entertainment during the third quarter worth about $27,000. Zions Bancorporation National Association UT lifted its holdings in shares of Flutter Entertainment by 1,685.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock worth $27,000 after acquiring an additional 118 shares during the last quarter. JCIC Asset Management Inc. acquired a new stake in shares of Flutter Entertainment in the 3rd quarter valued at approximately $32,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Flutter Entertainment during the 3rd quarter valued at approximately $34,000.

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.