Equities researchers at Moffett Nathanson started coverage on shares of Flutter Entertainment (NYSE:FLUT - Get Free Report) in a research note issued on Monday, Marketbeat reports. The brokerage set a "buy" rating and a $240.00 price target on the stock. Moffett Nathanson's target price indicates a potential upside of 18.37% from the company's current price.
Several other brokerages have also commented on FLUT. JMP Securities restated a "market outperform" rating on shares of Flutter Entertainment in a research note on Monday, April 1st. JPMorgan Chase & Co. upgraded Flutter Entertainment from a "neutral" rating to an "overweight" rating in a research note on Wednesday, March 13th. Wells Fargo & Company started coverage on Flutter Entertainment in a research note on Thursday, April 4th. They set an "equal weight" rating for the company. Finally, Barclays upgraded Flutter Entertainment from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Flutter Entertainment presently has an average rating of "Moderate Buy" and a consensus target price of $13,302.50.
View Our Latest Report on FLUT
Flutter Entertainment Stock Performance
NYSE:FLUT traded up $6.38 on Monday, hitting $202.76. 704,944 shares of the stock were exchanged, compared to its average volume of 170,060. The stock has a fifty day moving average of $202.61 and a 200-day moving average of $133.24. Flutter Entertainment has a fifty-two week low of $148.00 and a fifty-two week high of $226.40.
Institutional Investors Weigh In On Flutter Entertainment
Institutional investors and hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management purchased a new position in Flutter Entertainment in the first quarter valued at about $28,000. Global Retirement Partners LLC bought a new position in Flutter Entertainment during the 1st quarter worth approximately $45,000. YHB Investment Advisors Inc. bought a new position in Flutter Entertainment during the 1st quarter worth approximately $45,000. V Square Quantitative Management LLC bought a new position in Flutter Entertainment during the 1st quarter worth approximately $67,000. Finally, Financial Perspectives Inc bought a new position in Flutter Entertainment during the 1st quarter worth approximately $102,000. Hedge funds and other institutional investors own 0.01% of the company's stock.
About Flutter Entertainment
(
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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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