Shares of Flutter Entertainment plc (NYSE:FLUT - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $204.17, but opened at $197.58. Flutter Entertainment shares last traded at $200.43, with a volume of 202,374 shares changing hands.
Wall Street Analyst Weigh In
FLUT has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of Flutter Entertainment from a "neutral" rating to an "overweight" rating in a research report on Wednesday, March 13th. Moffett Nathanson initiated coverage on shares of Flutter Entertainment in a research report on Monday, May 6th. They issued a "buy" rating and a $240.00 price target on the stock. Barclays upgraded shares of Flutter Entertainment from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, February 27th. JMP Securities reiterated a "market outperform" rating on shares of Flutter Entertainment in a research report on Monday, April 1st. Finally, Wells Fargo & Company assumed coverage on shares of Flutter Entertainment in a research report on Thursday, April 4th. They issued an "equal weight" rating on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $13,302.50.
Check Out Our Latest Analysis on Flutter Entertainment
Flutter Entertainment Stock Performance
The stock's 50 day simple moving average is $201.60 and its two-hundred day simple moving average is $136.79.
Hedge Funds Weigh In On Flutter Entertainment
Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in Flutter Entertainment during the first quarter worth approximately $7,319,000. Artemis Investment Management LLP purchased a new position in shares of Flutter Entertainment in the 1st quarter valued at $29,611,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Flutter Entertainment in the 1st quarter valued at $111,000. Yousif Capital Management LLC purchased a new position in shares of Flutter Entertainment in the 1st quarter valued at $649,000. Finally, K.J. Harrison & Partners Inc purchased a new position in shares of Flutter Entertainment in the 1st quarter valued at $2,206,000. Hedge funds and other institutional investors own 0.01% of the company's stock.
Flutter Entertainment Company Profile
(
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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.
Further Reading
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