Benchmark Issues Positive Forecast for Flutter Entertainment (NYSE:FLUT) Stock Price

Flutter Entertainment (NYSE:FLUT - Free Report) had its price objective lifted by Benchmark from $275.00 to $300.00 in a research report report published on Wednesday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on FLUT. JMP Securities raised their price objective on Flutter Entertainment from $299.00 to $311.00 and gave the stock a "market outperform" rating in a research report on Monday, January 6th. BTIG Research set a $323.00 price objective on Flutter Entertainment in a research note on Monday, February 3rd. Oppenheimer lifted their price target on Flutter Entertainment from $300.00 to $305.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Barclays lifted their price objective on Flutter Entertainment from $301.00 to $308.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, UBS Group lifted their price objective on Flutter Entertainment from $320.00 to $335.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Eighteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $311.41.

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Flutter Entertainment Stock Down 3.6 %

Shares of Flutter Entertainment stock traded down $9.19 during trading on Wednesday, reaching $248.02. The company's stock had a trading volume of 3,095,753 shares, compared to its average volume of 1,588,790. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. The company has a market cap of $44.02 billion and a price-to-earnings ratio of 1,127.38. Flutter Entertainment has a 1-year low of $174.03 and a 1-year high of $299.73. The company has a 50-day simple moving average of $267.23 and a two-hundred day simple moving average of $251.35.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FLUT. Harvest Fund Management Co. Ltd purchased a new position in Flutter Entertainment during the fourth quarter worth about $25,000. Farther Finance Advisors LLC increased its stake in shares of 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 in the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of Flutter Entertainment during the 4th quarter worth approximately $26,000. BOCHK Asset Management Ltd purchased a new position in shares of Flutter Entertainment during the 4th quarter worth approximately $26,000. Finally, IFP Advisors Inc boosted its position in Flutter Entertainment by 244.1% during the fourth quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after acquiring an additional 83 shares during the last quarter.

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.