Flutter Entertainment (NYSE:FLUT) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Flutter Entertainment (NYSE:FLUT) to a strong-buy rating in a research note released on Tuesday morning, Zacks.com reports.

Other equities research analysts have also issued reports about the company. JMP Securities upped their price target on Flutter Entertainment from $246.00 to $255.00 and gave the company a market outperform rating in a research report on Wednesday, August 14th. Moffett Nathanson assumed coverage on Flutter Entertainment in a research report on Monday, May 6th. They issued a buy rating and a $240.00 target price on the stock. BTIG Research increased their target price on Flutter Entertainment from $245.00 to $249.00 and gave the stock a buy rating in a research report on Wednesday, August 14th. Morgan Stanley assumed coverage on Flutter Entertainment in a research report on Thursday, August 22nd. They issued an overweight rating and a $247.00 target price on the stock. Finally, Oppenheimer increased their target price on Flutter Entertainment from $240.00 to $255.00 and gave the stock an outperform rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and an average target price of $1,995.00.

Flutter Entertainment Price Performance

FLUT stock opened at $210.29 on Tuesday. Flutter Entertainment has a 12-month low of $148.00 and a 12-month high of $226.40. The stock’s 50 day simple moving average is $197.22 and its 200 day simple moving average is $195.90.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Hollencrest Capital Management acquired a new position in shares of Flutter Entertainment in the 1st quarter valued at $28,000. Rothschild Investment LLC acquired a new position in shares of Flutter Entertainment in the 2nd quarter valued at $37,000. CWM LLC acquired a new position in shares of Flutter Entertainment in the 2nd quarter valued at $40,000. YHB Investment Advisors Inc. acquired a new position in shares of Flutter Entertainment in the 1st quarter valued at $45,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Flutter Entertainment in the 1st quarter valued at $45,000.

About Flutter Entertainment

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.