UBS Group Forecasts Strong Price Appreciation for Flutter Entertainment (NYSE:FLUT) Stock

Flutter Entertainment (NYSE:FLUT - Get Free Report) had its price objective lifted by stock analysts at UBS Group from $320.00 to $335.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's target price suggests a potential upside of 25.37% from the stock's previous close.

FLUT has been the topic of a number of other reports. JMP Securities upped their price target 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. Susquehanna lowered their price target on shares of Flutter Entertainment from $322.00 to $317.00 and set a "positive" rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus started coverage on shares of Flutter Entertainment in a research note on Friday, January 17th. They set a "buy" rating and a $320.00 price target on the stock. The Goldman Sachs Group started coverage on shares of Flutter Entertainment in a research note on Friday, November 22nd. They set a "buy" rating and a $320.00 price target on the stock. Finally, Macquarie started coverage on shares of Flutter Entertainment in a research note on Wednesday, December 11th. They set an "outperform" rating and a $340.00 price target on the stock. Seventeen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Flutter Entertainment has a consensus rating of "Buy" and a consensus target price of $305.38.

Flutter Entertainment Price Performance

FLUT traded up $4.51 during trading on Tuesday, hitting $267.20. The stock had a trading volume of 1,032,619 shares, compared to its average volume of 1,258,372. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The company's 50-day moving average price is $266.43 and its 200 day moving average price is $236.31. Flutter Entertainment has a twelve month low of $174.03 and a twelve month high of $284.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLUT. Raleigh Capital Management Inc. purchased a new position in shares of Flutter Entertainment during the 4th quarter worth about $26,000. BOCHK Asset Management Ltd purchased a new position in Flutter Entertainment in the fourth quarter valued at approximately $26,000. Harbor Investment Advisory LLC raised its holdings in Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock valued at $33,000 after buying an additional 50 shares during the period. UMB Bank n.a. raised its holdings in Flutter Entertainment by 58.8% in the fourth quarter. UMB Bank n.a. now owns 135 shares of the company's stock valued at $35,000 after buying an additional 50 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new position in Flutter Entertainment in the fourth quarter valued at approximately $39,000.

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.