Flutter Entertainment plc (NYSE:FLUT) Given Consensus Rating of “Moderate Buy” by Analysts

Flutter Entertainment plc (NYSE:FLUT) has received a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $220.87.

A number of research analysts have recently commented on FLUT shares. Oppenheimer started coverage on shares of Flutter Entertainment in a report on Tuesday, June 4th. They issued an “outperform” rating and a $240.00 price target on the stock. JMP Securities reiterated a “market outperform” rating and issued a $246.00 target price on shares of Flutter Entertainment in a research note on Wednesday, May 15th. Benchmark reissued a “buy” rating and issued a $255.00 price target on shares of Flutter Entertainment in a report on Thursday, July 25th. BTIG Research upped their target price on Flutter Entertainment from $242.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Finally, Susquehanna cut their price objective on Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating on the stock in a report on Thursday, May 30th.

Hedge Funds Weigh In On Flutter Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hollencrest Capital Management purchased a new position in Flutter Entertainment during the first quarter worth approximately $28,000. CWM LLC purchased a new position in Flutter Entertainment during the second quarter worth about $40,000. Global Retirement Partners LLC acquired a new stake in shares of Flutter Entertainment during the first quarter valued at about $45,000. YHB Investment Advisors Inc. acquired a new position in shares of Flutter Entertainment in the 1st quarter worth approximately $45,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Flutter Entertainment during the 1st quarter worth approximately $67,000.

Flutter Entertainment Trading Down 0.6 %

FLUT stock opened at $192.34 on Friday. Flutter Entertainment has a twelve month low of $148.00 and a twelve month high of $226.40. The business’s fifty day simple moving average is $192.98 and its two-hundred day simple moving average is $181.76.

Flutter Entertainment Company Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.