Flutter Entertainment PLC (NYSE:FLUT) Given Consensus Rating of “Moderate Buy” by Analysts

Flutter Entertainment PLC (NYSE:FLUT) has been assigned a consensus rating of “Moderate Buy” from the twenty-seven ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, seventeen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $289.8095.

Several research analysts have recently weighed in on FLUT shares. Benchmark cut their price target on Flutter Entertainment from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, December 1st. Hsbc Global Res upgraded shares of Flutter Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Texas Capital upgraded shares of Flutter Entertainment to a “strong-buy” rating in a research note on Thursday, January 8th. Canaccord Genuity Group lowered their price target on shares of Flutter Entertainment from $340.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flutter Entertainment in a report on Monday, December 29th.

Hedge Funds Weigh In On Flutter Entertainment

Hedge funds have recently made changes to their positions in the stock. JNBA Financial Advisors bought a new stake in shares of Flutter Entertainment during the 4th quarter valued at $914,000. Farther Finance Advisors LLC boosted its stake in Flutter Entertainment by 54.1% in the 4th quarter. Farther Finance Advisors LLC now owns 926 shares of the company’s stock worth $199,000 after purchasing an additional 325 shares during the period. Elevate Capital Advisors LLC grew its holdings in Flutter Entertainment by 30.0% during the 4th quarter. Elevate Capital Advisors LLC now owns 2,864 shares of the company’s stock valued at $616,000 after buying an additional 661 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Flutter Entertainment by 3.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,961,244 shares of the company’s stock valued at $636,786,000 after buying an additional 96,563 shares during the period. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Flutter Entertainment in the fourth quarter worth about $85,000.

Flutter Entertainment Price Performance

Flutter Entertainment stock opened at $174.90 on Tuesday. The business’s 50 day simple moving average is $207.20 and its 200 day simple moving average is $249.83. Flutter Entertainment has a 12 month low of $171.96 and a 12 month high of $313.68. The company has a market cap of $30.65 billion, a price-to-earnings ratio of -134.54 and a beta of 1.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27.

About Flutter Entertainment

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.