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

Flutter Entertainment PLC (NYSE:FLUT) has been assigned an average recommendation of “Moderate Buy” from the twenty-five ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $304.60.

Several analysts recently issued reports on FLUT shares. Morgan Stanley reduced their price target on Flutter Entertainment from $352.00 to $315.00 and set an “overweight” rating for the company in a research note on Friday. Barclays reduced their target price on shares of Flutter Entertainment from $352.00 to $325.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. JMP Securities lowered their price target on shares of Flutter Entertainment from $345.00 to $340.00 and set a “market outperform” rating on the stock in a research report on Wednesday, October 1st. Needham & Company LLC dropped their price objective on shares of Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, Citigroup restated an “outperform” rating on shares of Flutter Entertainment in a research report on Thursday.

Flutter Entertainment Trading Up 1.1%

Shares of NYSE:FLUT opened at $222.60 on Monday. Flutter Entertainment has a 12-month low of $189.33 and a 12-month high of $313.68. The business has a 50 day moving average of $224.11 and a 200-day moving average of $263.07. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.27. The stock has a market cap of $39.00 billion, a PE ratio of -171.23 and a beta of 1.93.

Hedge Funds Weigh In On Flutter Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AMS Capital Ltda acquired a new stake in shares of Flutter Entertainment during the 3rd quarter worth $5,059,000. Allworth Financial LP lifted its position in shares of Flutter Entertainment by 135.9% during the 3rd quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $87,000 after buying an additional 197 shares during the last quarter. Swiss Life Asset Management Ltd boosted its stake in Flutter Entertainment by 1.0% in the third quarter. Swiss Life Asset Management Ltd now owns 21,211 shares of the company’s stock valued at $5,388,000 after buying an additional 213 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in Flutter Entertainment in the third quarter valued at about $1,609,000. Finally, Alpine Global Management LLC bought a new position in Flutter Entertainment in the third quarter valued at about $356,000.

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.