Flutter Entertainment plc (NYSE:FLUT) Receives Average Rating of “Buy” from Brokerages

Shares of Flutter Entertainment plc (NYSE:FLUT) have been given a consensus recommendation of “Buy” by the eighteen brokerages that are covering the stock, MarketBeat.com reports. Seventeen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $305.38.

A number of analysts have issued reports on the company. Craig Hallum lifted their price objective on Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Macquarie began coverage on shares of Flutter Entertainment in a research report on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. BTIG Research boosted their target price on shares of Flutter Entertainment from $249.00 to $305.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Susquehanna decreased their target price on shares of Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after purchasing an additional 82 shares during the period. Raleigh Capital Management Inc. bought a new position in shares of Flutter Entertainment during the 4th quarter worth $26,000. BOCHK Asset Management Ltd bought a new position in shares of Flutter Entertainment during the 4th quarter worth $26,000. IFP Advisors Inc increased its stake in shares of Flutter Entertainment by 244.1% during the fourth quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after buying an additional 83 shares during the period. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock valued at $33,000 after acquiring an additional 50 shares in the last quarter.

Flutter Entertainment Price Performance

Shares of FLUT stock opened at $269.07 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment has a 12-month low of $174.03 and a 12-month high of $284.79. The stock’s 50-day moving average price is $265.54 and its 200-day moving average price is $240.36.

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.