Flutter Entertainment PLC (NYSE:FLUT) Receives $269.10 Consensus PT from Analysts

Shares of Flutter Entertainment PLC (NYSE:FLUT) have earned a consensus rating of “Moderate Buy” from the twenty-five analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation, fifteen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $269.10.

FLUT has been the subject of a number of recent analyst reports. Citizens Jmp cut their price target on shares of Flutter Entertainment from $313.00 to $275.00 and set a “market outperform” rating for the company in a research note on Thursday, January 22nd. UBS Group cut their target price on shares of Flutter Entertainment from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flutter Entertainment in a report on Monday, December 29th. Wells Fargo & Company restated an “equal weight” rating and issued a $228.00 price objective (down from $248.00) on shares of Flutter Entertainment in a research note on Wednesday, January 14th. Finally, HSBC upgraded Flutter Entertainment from a “hold” rating to a “buy” rating and reduced their target price for the stock from $265.00 to $228.00 in a research note on Monday, November 24th.

Flutter Entertainment Trading Up 1.2%

NYSE FLUT opened at $119.78 on Friday. Flutter Entertainment has a 12 month low of $114.74 and a 12 month high of $313.68. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. The stock has a 50 day moving average of $178.58 and a 200-day moving average of $225.75. The company has a market cap of $20.99 billion, a PE ratio of -92.14, a PEG ratio of 0.24 and a beta of 1.88.

Institutional Investors Weigh In On Flutter Entertainment

Hedge funds have recently bought and sold shares of the stock. Makena Capital Management LLC acquired a new stake in shares of Flutter Entertainment during the 3rd quarter worth approximately $11,517,000. TimesSquare Capital Management LLC lifted its stake in Flutter Entertainment by 294.1% during the third quarter. TimesSquare Capital Management LLC now owns 378,878 shares of the company’s stock worth $96,235,000 after purchasing an additional 282,736 shares during the last quarter. AGF Management Ltd. acquired a new stake in shares of Flutter Entertainment in the 3rd quarter valued at $9,519,000. Federated Hermes Inc. bought a new position in shares of Flutter Entertainment in the 3rd quarter valued at $169,777,000. Finally, Mutual of America Capital Management LLC acquired a new position in shares of Flutter Entertainment during the 3rd quarter worth $2,173,000.

About Flutter Entertainment

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.