Flutter Entertainment (NYSE:FLUT) Price Target Cut to $315.00 by Analysts at Susquehanna

Flutter Entertainment (NYSE:FLUT) had its target price decreased by Susquehanna from $317.00 to $315.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Susquehanna currently has a positive rating on the stock.

Other research analysts also recently issued research reports about the stock. Macquarie initiated coverage on shares of Flutter Entertainment in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 target price on the stock. Craig Hallum raised their target price on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Benchmark raised their target price on shares of Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Truist Financial assumed coverage on shares of Flutter Entertainment in a research report on Wednesday, February 26th. They set a “buy” rating and a $330.00 target price on the stock. Eighteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $311.12.

Flutter Entertainment Trading Up 2.0 %

Flutter Entertainment stock opened at $271.43 on Wednesday. The firm has a 50-day moving average price of $267.55 and a 200-day moving average price of $250.70. 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.

Hedge Funds Weigh In On Flutter Entertainment

Institutional investors have recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Flutter Entertainment during the 4th quarter valued at approximately $25,000. Farther Finance Advisors LLC increased its holdings in shares of Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 82 shares in the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of Flutter Entertainment during the 4th quarter valued at approximately $26,000. BOCHK Asset Management Ltd purchased a new position in shares of Flutter Entertainment during the 4th quarter valued at approximately $26,000. Finally, IFP Advisors Inc increased its holdings in shares of Flutter Entertainment by 244.1% during the 4th quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after purchasing an additional 83 shares in the last quarter.

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.