Flutter Entertainment (NYSE:FLUT) Price Target Raised to $313.00

Flutter Entertainment (NYSE:FLUT) had its price objective increased by Citizens Jmp from $311.00 to $313.00 in a research report report published on Monday morning,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus lowered their target price on shares of Flutter Entertainment from $339.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Canaccord Genuity Group decreased their price objective on shares of Flutter Entertainment from $340.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Wells Fargo & Company initiated coverage on shares of Flutter Entertainment in a research report on Tuesday, November 18th. They set an “overweight” rating and a $272.00 price objective on the stock. BTIG Research lifted their target price on shares of Flutter Entertainment from $271.00 to $281.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Finally, Hsbc Global Res upgraded shares of Flutter Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.55.

Flutter Entertainment Stock Down 3.7%

FLUT stock opened at $211.69 on Monday. The stock has a market capitalization of $37.09 billion, a P/E ratio of -162.83 and a beta of 1.88. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. Flutter Entertainment has a 1-year low of $189.33 and a 1-year high of $313.68. The business has a fifty day moving average price of $214.05 and a 200-day moving average price of $257.88.

Hedge Funds Weigh In On Flutter Entertainment

A number of institutional investors have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB grew its holdings in Flutter Entertainment by 219.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares during the period. JFS Wealth Advisors LLC purchased a new position in shares of Flutter Entertainment during the 3rd quarter valued at about $27,000. ORG Partners LLC grew its stake in shares of Flutter Entertainment by 300.0% during the 2nd quarter. ORG Partners LLC now owns 100 shares of the company’s stock valued at $28,000 after acquiring an additional 75 shares during the period. Barrett & Company Inc. purchased a new stake in Flutter Entertainment in the 2nd quarter worth approximately $29,000. Finally, JCIC Asset Management Inc. purchased a new stake in Flutter Entertainment in the 3rd quarter worth approximately $32,000.

Flutter Entertainment Company Profile

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.