Flutter Entertainment (NYSE:FLUT) Stock Price Expected to Rise, Citizens Jmp Analyst Says

Flutter Entertainment (NYSE:FLUT) had its price target boosted by stock analysts at Citizens Jmp from $311.00 to $313.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective suggests a potential upside of 42.40% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. JMP Securities cut their target price on shares of Flutter Entertainment from $345.00 to $340.00 and set a “market outperform” rating for the company in a research report on Wednesday, October 1st. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Flutter Entertainment in a report on Thursday, December 11th. HSBC upgraded shares of Flutter Entertainment from a “hold” rating to a “buy” rating and reduced their price objective for the company from $265.00 to $228.00 in a research note on Monday, November 24th. Wells Fargo & Company initiated coverage on Flutter Entertainment in a research report on Tuesday, November 18th. They set an “overweight” rating and a $272.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flutter Entertainment in a report on Monday, December 29th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $302.55.

Flutter Entertainment Stock Down 0.7%

Shares of NYSE FLUT opened at $219.81 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $38.51 billion, a PE ratio of -169.08 and a beta of 1.88. Flutter Entertainment has a one year low of $189.33 and a one year high of $313.68. The business’s fifty day moving average price is $214.55 and its 200-day moving average price is $258.20.

Institutional Investors Weigh In On Flutter Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the business. JFS Wealth Advisors LLC purchased a new position in Flutter Entertainment during the third quarter worth about $27,000. ORG Partners LLC boosted its position in shares of Flutter Entertainment by 300.0% during the 2nd quarter. ORG Partners LLC now owns 100 shares of the company’s stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. Barrett & Company Inc. bought a new stake in shares of Flutter Entertainment during the 2nd quarter valued at about $29,000. JCIC Asset Management Inc. purchased a new position in shares of Flutter Entertainment during the third quarter worth about $32,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Flutter Entertainment during the third quarter worth about $34,000.

Flutter Entertainment Company Profile

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.