Flutter Entertainment PLC (NYSE:FLUT) Receives $308.67 Consensus PT from Analysts

Flutter Entertainment PLC (NYSE:FLUTGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, twenty-two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $310.10.

A number of research firms recently issued reports on FLUT. Stifel Nicolaus decreased their target price on Flutter Entertainment from $320.00 to $315.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Truist Financial decreased their target price on Flutter Entertainment from $330.00 to $280.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Canaccord Genuity Group started coverage on Flutter Entertainment in a report on Wednesday, June 25th. They set a “buy” rating and a $330.00 price target for the company. BTIG Research decreased their price target on Flutter Entertainment from $323.00 to $289.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Benchmark reaffirmed a “buy” rating and set a $300.00 price target on shares of Flutter Entertainment in a report on Monday, April 21st.

Read Our Latest Research Report on FLUT

Flutter Entertainment Trading Up 0.1%

NYSE:FLUT opened at $289.98 on Friday. The firm has a market cap of $51.24 billion and a PE ratio of 100.34. The stock has a fifty day moving average price of $260.42 and a 200 day moving average price of $254.24. Flutter Entertainment has a 12-month low of $175.59 and a 12-month high of $299.73. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.67.

Flutter Entertainment (NYSE:FLUTGet Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.30). The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Flutter Entertainment had a net margin of 4.17% and a return on equity of 11.76%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. Sell-side analysts anticipate that Flutter Entertainment will post 4.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Flutter Entertainment

In other news, Director Holly K. Koeppel sold 267 shares of Flutter Entertainment stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $245.36, for a total transaction of $65,511.12. Following the sale, the director owned 2,556 shares in the company, valued at approximately $627,140.16. The trade was a 9.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John A. Bryant sold 418 shares of Flutter Entertainment stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $245.71, for a total value of $102,706.78. Following the sale, the director owned 5,956 shares in the company, valued at $1,463,448.76. This trade represents a 6.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,770 shares of company stock valued at $1,894,934.

Hedge Funds Weigh In On Flutter Entertainment

Several institutional investors have recently added to or reduced their stakes in the stock. Arthur M. Cohen & Associates LLC increased its position in Flutter Entertainment by 5.7% in the 2nd quarter. Arthur M. Cohen & Associates LLC now owns 1,950 shares of the company’s stock valued at $557,000 after acquiring an additional 105 shares during the period. Farther Finance Advisors LLC increased its position in Flutter Entertainment by 65.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 302 shares of the company’s stock valued at $86,000 after acquiring an additional 119 shares during the period. Assenagon Asset Management S.A. increased its position in Flutter Entertainment by 1.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 7,203 shares of the company’s stock valued at $2,058,000 after acquiring an additional 94 shares during the period. Grove Bank & Trust acquired a new position in Flutter Entertainment in the 2nd quarter valued at about $800,000. Finally, Kozak & Associates Inc. acquired a new position in Flutter Entertainment in the 2nd quarter valued at about $57,000.

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.

Further Reading

Analyst Recommendations for Flutter Entertainment (NYSE:FLUT)

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