Flutter Entertainment (NYSE:FLUT) Earns Buy Rating from Benchmark

Flutter Entertainment (NYSE:FLUT - Get Free Report)'s stock had its "buy" rating restated by analysts at Benchmark in a report issued on Monday,Benzinga reports. They currently have a $300.00 target price on the stock. Benchmark's price objective indicates a potential upside of 28.83% from the company's previous close.

Other analysts have also recently issued research reports about the company. Peel Hunt upgraded Flutter Entertainment from a "hold" rating to an "add" rating in a report on Monday, March 10th. Needham & Company LLC boosted their target price on shares of Flutter Entertainment from $300.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Macquarie reaffirmed an "outperform" rating and set a $340.00 price target on shares of Flutter Entertainment in a research note on Wednesday, March 5th. Susquehanna lowered their price objective on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating for the company in a research note on Wednesday, March 5th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Twenty research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Flutter Entertainment presently has an average rating of "Buy" and a consensus target price of $306.67.

Flutter Entertainment Trading Up 1.1 %

FLUT traded up $2.57 during trading on Monday, hitting $232.86. The company's stock had a trading volume of 2,359,805 shares, compared to its average volume of 1,798,092. Flutter Entertainment has a twelve month low of $174.03 and a twelve month high of $299.73. The firm's 50 day moving average price is $240.54 and its 200-day moving average price is $252.63. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $41.33 billion and a PE ratio of 1,058.45.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $261.96, for a total transaction of $6,556,072.92. Following the transaction, the director now owns 21,148 shares of the company's stock, valued at $5,539,930.08. This trade represents a 54.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Amy Howe sold 11,814 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $260.50, for a total value of $3,077,547.00. Following the completion of the sale, the chief executive officer now owns 62,941 shares of the company's stock, valued at $16,396,130.50. This trade represents a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Hedge Funds Weigh In On Flutter Entertainment

A number of hedge funds have recently added to or reduced their stakes in FLUT. Harvest Fund Management Co. Ltd acquired a new position in shares of Flutter Entertainment in the 4th quarter valued at about $25,000. 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 purchasing an additional 82 shares during the last quarter. Raleigh Capital Management Inc. acquired a new stake in shares of Flutter Entertainment during the 4th quarter worth approximately $26,000. BOCHK Asset Management Ltd bought a new stake in shares of Flutter Entertainment in the 4th quarter worth approximately $26,000. Finally, GPS Wealth Strategies Group LLC boosted its position in Flutter Entertainment by 1,375.0% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company's stock valued at $26,000 after purchasing an additional 110 shares during the period.

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.