Shares of Flutter Entertainment plc (NYSE:FLUT - Get Free Report) traded down 2.6% during trading on Friday . The stock traded as low as $234.34 and last traded at $234.48. 810,684 shares changed hands during trading, a decline of 21% from the average session volume of 1,031,757 shares. The stock had previously closed at $240.64.
Analyst Ratings Changes
Several research firms have issued reports on FLUT. Berenberg Bank raised shares of Flutter Entertainment to a "strong-buy" rating in a report on Tuesday, August 27th. Barclays boosted their target price on Flutter Entertainment from $263.00 to $275.00 and gave the stock an "overweight" rating in a research note on Thursday, September 26th. Oppenheimer increased their price target on Flutter Entertainment from $255.00 to $300.00 and gave the company an "outperform" rating in a research note on Thursday, September 26th. Susquehanna boosted their price target on Flutter Entertainment from $230.00 to $273.00 and gave the stock a "positive" rating in a research note on Monday. Finally, Craig Hallum increased their price objective on shares of Flutter Entertainment from $240.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $264.36.
View Our Latest Stock Report on FLUT
Flutter Entertainment Stock Performance
The stock has a 50-day moving average price of $216.49 and a 200 day moving average price of $202.21.
Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $1.26. The business had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $3.41 billion. Analysts predict that Flutter Entertainment plc will post 4.75 earnings per share for the current fiscal year.
Flutter Entertainment declared that its board has authorized a stock repurchase plan on Wednesday, September 25th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 11.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in shares of Flutter Entertainment during the 1st quarter worth approximately $28,000. Rothschild Investment LLC acquired a new position in Flutter Entertainment during the second quarter worth $37,000. CWM LLC acquired a new stake in shares of Flutter Entertainment in the 2nd quarter worth $40,000. Hilltop National Bank purchased a new position in shares of Flutter Entertainment during the 2nd quarter worth $101,000. Finally, Financial Perspectives Inc acquired a new position in shares of Flutter Entertainment during the 1st quarter valued at about $102,000.
About Flutter Entertainment
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Flutter Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flutter Entertainment wasn't on the list.
While Flutter Entertainment currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
