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

Shares of Flutter Entertainment PLC (NYSE:FLUT) have earned a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $269.10.

FLUT has been the subject of several recent research reports. Citigroup reissued an “outperform” rating on shares of Flutter Entertainment in a research report on Monday, January 5th. BTIG Research cut their price objective on Flutter Entertainment from $281.00 to $230.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Susquehanna reissued a “positive” rating and issued a $228.00 target price on shares of Flutter Entertainment in a research note on Tuesday, January 27th. Canaccord Genuity Group dropped their price target on shares of Flutter Entertainment from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Finally, Truist Financial set a $260.00 price target on shares of Flutter Entertainment in a research note on Tuesday, January 13th.

Flutter Entertainment Trading Down 0.9%

Shares of NYSE:FLUT opened at $121.07 on Friday. The company’s 50-day moving average price is $184.65 and its two-hundred day moving average price is $230.07. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. Flutter Entertainment has a one year low of $119.47 and a one year high of $313.68. The stock has a market capitalization of $21.21 billion, a PE ratio of -93.13 and a beta of 1.88.

Hedge Funds Weigh In On Flutter Entertainment

Institutional investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Flutter Entertainment by 219.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock worth $25,000 after acquiring an additional 79 shares during the period. JFS Wealth Advisors LLC acquired a new stake in Flutter Entertainment during the 3rd quarter valued at $27,000. Zions Bancorporation National Association UT boosted its position in Flutter Entertainment by 1,685.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 118 shares during the period. JCIC Asset Management Inc. acquired a new position in shares of Flutter Entertainment in the third quarter valued at $32,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Flutter Entertainment in the third quarter valued at about $34,000.

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.