Flutter Entertainment (NYSE:FLUT) Price Target Cut to $315.00 by Analysts at Susquehanna

Flutter Entertainment (NYSE:FLUT - Get Free Report) had its price target lowered by equities researchers at Susquehanna from $317.00 to $315.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "positive" rating on the stock. Susquehanna's price target points to a potential upside of 27.00% from the company's previous close.

Several other analysts also recently weighed in on FLUT. Craig Hallum lifted their price target on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Benchmark lifted their price target on shares of Flutter Entertainment from $265.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. BTIG Research set a $323.00 price objective on shares of Flutter Entertainment in a research note on Monday, February 3rd. Truist Financial started coverage on shares of Flutter Entertainment in a research note on Wednesday, February 26th. They issued a "buy" rating and a $330.00 price objective for the company. Finally, JMP Securities boosted their price objective on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a "market outperform" rating in a research note on Monday, January 6th. Eighteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $311.41.

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Flutter Entertainment Trading Down 3.6 %

Shares of Flutter Entertainment stock traded down $9.19 on Wednesday, hitting $248.02. 3,095,753 shares of the company traded hands, compared to its average volume of 1,588,790. The stock's 50 day moving average price is $267.23 and its 200-day moving average price is $251.35. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment has a 52 week low of $174.03 and a 52 week high of $299.73. The company has a market cap of $44.02 billion and a PE ratio of 1,127.38.

Institutional Investors Weigh In On Flutter Entertainment

Large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its holdings in shares of Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after buying an additional 82 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Flutter Entertainment during the fourth quarter valued at $25,000. Raleigh Capital Management Inc. purchased a new stake in shares of Flutter Entertainment during the fourth quarter valued at $26,000. BOCHK Asset Management Ltd purchased a new stake in shares of Flutter Entertainment during the fourth quarter valued at $26,000. Finally, IFP Advisors Inc grew its holdings 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 last quarter.

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.