Flutter Entertainment (NYSE:FLUT) Sees Unusually-High Trading Volume

Flutter Entertainment plc (NYSE:FLUT) saw an uptick in trading volume on Thursday . 604,638 shares traded hands during mid-day trading, a decline of 2% from the previous session’s volume of 614,215 shares.The stock last traded at $199.53 and had previously closed at $197.40.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FLUT shares. Moffett Nathanson started coverage on shares of Flutter Entertainment in a research report on Monday, May 6th. They set a “buy” rating and a $240.00 price objective for the company. Oppenheimer began coverage on Flutter Entertainment in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $240.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of Flutter Entertainment from $212.00 to $218.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 16th. BTIG Research upped their price target on shares of Flutter Entertainment from $242.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, JMP Securities restated a “market outperform” rating and set a $246.00 price objective on shares of Flutter Entertainment in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Flutter Entertainment presently has an average rating of “Moderate Buy” and an average target price of $3,864.33.

Flutter Entertainment Trading Down 2.0 %

The firm has a 50-day simple moving average of $192.79 and a 200-day simple moving average of $181.87.

Hedge Funds Weigh In On Flutter Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLUT. Hollencrest Capital Management purchased a new position in shares of Flutter Entertainment during the 1st quarter valued at about $28,000. Rothschild Investment LLC acquired a new position in Flutter Entertainment in the second quarter valued at approximately $37,000. CWM LLC purchased a new stake in Flutter Entertainment in the 2nd quarter worth approximately $40,000. Global Retirement Partners LLC acquired a new stake in shares of Flutter Entertainment during the 1st quarter worth approximately $45,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Flutter Entertainment in the 1st quarter valued at $45,000.

Flutter Entertainment Company Profile

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.