Flutter Entertainment (NYSE:FLUT) Coverage Initiated by Analysts at Truist Financial

Truist Financial started coverage on shares of Flutter Entertainment (NYSE:FLUT) in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage issued a buy rating and a $330.00 price target on the stock.

Several other equities research analysts have also commented on FLUT. Needham & Company LLC restated a “buy” rating and issued a $300.00 price target on shares of Flutter Entertainment in a report on Wednesday, January 8th. Craig Hallum boosted their target price on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Macquarie initiated coverage on shares of Flutter Entertainment in a research report on Wednesday, December 11th. They set an “outperform” rating and a $340.00 target price on the stock. Stifel Nicolaus began coverage on shares of Flutter Entertainment in a report on Friday, January 17th. They set a “buy” rating and a $320.00 price target on the stock. Finally, Barclays upped their price objective on shares of Flutter Entertainment from $275.00 to $301.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Eighteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $307.88.

Flutter Entertainment Trading Up 4.8 %

Flutter Entertainment stock opened at $273.01 on Wednesday. The firm has a 50-day moving average price of $266.53 and a 200-day moving average price of $248.20. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment has a 12-month low of $174.03 and a 12-month high of $299.73.

Institutional Investors Weigh In On Flutter Entertainment

A number of hedge funds have recently modified their holdings of the business. Harbor Investment Advisory LLC increased its position in Flutter Entertainment by 64.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares during the last quarter. UMB Bank n.a. increased its position in Flutter Entertainment by 58.8% during the fourth quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after purchasing an additional 50 shares during the last quarter. Seelaus Asset Management LLC increased its position in Flutter Entertainment by 6.4% during the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock worth $236,000 after purchasing an additional 55 shares during the last quarter. Ritholtz Wealth Management increased its position in Flutter Entertainment by 3.5% during the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock worth $446,000 after purchasing an additional 59 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after purchasing an additional 82 shares during the last quarter.

About Flutter Entertainment

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.