Flutter Entertainment plc (NYSE:FLUT) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Flutter Entertainment plc (NYSE:FLUT - Get Free Report) have earned an average rating of "Moderate Buy" from the ten brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $220.87.

Several analysts have weighed in on FLUT shares. Wells Fargo & Company boosted their target price on shares of Flutter Entertainment from $212.00 to $218.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 16th. Susquehanna decreased their price objective on shares of Flutter Entertainment from $249.00 to $235.00 and set a "positive" rating for the company in a research note on Thursday, May 30th. BTIG Research lifted their price objective on shares of Flutter Entertainment from $242.00 to $245.00 and gave the company a "buy" rating in a research note on Wednesday, May 15th. JMP Securities restated a "market outperform" rating and set a $246.00 price objective on shares of Flutter Entertainment in a research note on Wednesday, May 15th. Finally, Moffett Nathanson began coverage on shares of Flutter Entertainment in a research note on Monday, May 6th. They set a "buy" rating and a $240.00 price objective for the company.

Institutional Investors Weigh In On Flutter Entertainment

A number of large investors have recently modified their holdings of the business. Hollencrest Capital Management purchased a new stake in shares of Flutter Entertainment during the first quarter worth $28,000. Assenagon Asset Management S.A. increased its position in Flutter Entertainment by 3.0% during the second quarter. Assenagon Asset Management S.A. now owns 5,760 shares of the company's stock worth $1,053,000 after purchasing an additional 170 shares during the last quarter. CWM LLC acquired a new stake in Flutter Entertainment during the second quarter worth about $40,000. YHB Investment Advisors Inc. acquired a new stake in Flutter Entertainment during the first quarter worth about $45,000. Finally, Global Retirement Partners LLC acquired a new stake in Flutter Entertainment during the first quarter worth about $45,000.

Flutter Entertainment Stock Up 1.8 %

NYSE:FLUT traded up $3.51 during trading hours on Friday, hitting $198.63. 379,351 shares of the company were exchanged, compared to its average volume of 608,856. Flutter Entertainment has a 52-week low of $148.00 and a 52-week high of $226.40. The company's 50 day moving average price is $193.81 and its 200-day moving average price is $178.06.

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.