Flutter Entertainment plc (NYSE:FLUT) Receives $305.38 Average Price Target from Analysts

Flutter Entertainment plc (NYSE:FLUT - Get Free Report) has earned an average rating of "Buy" from the eighteen analysts that are covering the stock, MarketBeat Ratings reports. Seventeen analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $305.38.

A number of analysts recently commented on the company. UBS Group lifted their price objective on Flutter Entertainment from $320.00 to $335.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Barclays lifted their price objective on Flutter Entertainment from $275.00 to $301.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Wells Fargo & Company lowered their price objective on Flutter Entertainment from $300.00 to $285.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Benchmark lifted their price objective on Flutter Entertainment from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group assumed coverage on Flutter Entertainment in a research report on Friday, November 22nd. They issued a "buy" rating and a $320.00 price objective for the company.

Institutional Trading of Flutter Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. Harbor Investment Advisory LLC increased its holdings in Flutter Entertainment by 64.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock worth $33,000 after purchasing an additional 50 shares in the last quarter. UMB Bank n.a. increased its holdings in Flutter Entertainment by 58.8% in the 4th quarter. UMB Bank n.a. now owns 135 shares of the company's stock worth $35,000 after purchasing an additional 50 shares in the last quarter. Seelaus Asset Management LLC increased its holdings in Flutter Entertainment by 6.4% in the 4th quarter. Seelaus Asset Management LLC now owns 914 shares of the company's stock worth $236,000 after purchasing an additional 55 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Flutter Entertainment by 3.5% in the 4th quarter. Ritholtz Wealth Management now owns 1,725 shares of the company's stock worth $446,000 after purchasing an additional 59 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Flutter Entertainment by 585.7% in 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.

Flutter Entertainment Stock Up 5.9 %

Shares of NYSE:FLUT traded up $16.66 during midday trading on Tuesday, reaching $298.88. The company's stock had a trading volume of 3,875,104 shares, compared to its average volume of 1,336,728. The business's fifty day simple moving average is $265.14 and its 200-day simple moving average is $241.92. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment has a fifty-two week low of $174.03 and a fifty-two week high of $299.73.

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.