Brokerages Set Flutter Entertainment plc (NYSE:FLUT) PT at $219.87

Shares of Flutter Entertainment plc (NYSE:FLUT) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $219.87.

A number of research analysts recently commented on the company. Susquehanna lowered their price objective on Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating for the company in a research note on Thursday, May 30th. JPMorgan Chase & Co. upgraded Flutter Entertainment from a “neutral” rating to an “overweight” rating in a research note on Wednesday, March 13th. Moffett Nathanson assumed coverage on Flutter Entertainment in a research note on Monday, May 6th. They issued a “buy” rating and a $240.00 price target for the company. Oppenheimer assumed coverage on Flutter Entertainment in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $240.00 price target for the company. Finally, BTIG Research increased their price target on Flutter Entertainment from $242.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in Flutter Entertainment during the first quarter valued at about $28,000. YHB Investment Advisors Inc. bought a new position in Flutter Entertainment during the first quarter valued at about $45,000. Global Retirement Partners LLC bought a new position in Flutter Entertainment during the first quarter valued at about $45,000. V Square Quantitative Management LLC bought a new position in Flutter Entertainment during the first quarter valued at about $67,000. Finally, Financial Perspectives Inc bought a new position in Flutter Entertainment during the first quarter valued at about $102,000.

Flutter Entertainment Stock Performance

Shares of FLUT opened at $194.12 on Monday. The stock has a fifty day moving average price of $192.93 and a 200 day moving average price of $166.12. Flutter Entertainment has a 12 month low of $148.00 and a 12 month high of $226.40.

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.