Flutter Entertainment (NYSE:FLUT) Shares Down 4%

Flutter Entertainment plc (NYSE:FLUT - Get Free Report) dropped 4% during mid-day trading on Monday . The company traded as low as $192.30 and last traded at $193.19. Approximately 165,865 shares traded hands during trading, an increase of 22% from the average daily volume of 135,532 shares. The stock had previously closed at $201.30.

Analysts Set New Price Targets

Several brokerages have issued reports on FLUT. Wells Fargo & Company began coverage on shares of Flutter Entertainment in a report on Thursday. They issued an "equal weight" rating for the company. Barclays raised shares of Flutter Entertainment from an "equal weight" rating to an "overweight" rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. raised shares of Flutter Entertainment from a "neutral" rating to an "overweight" rating in a report on Wednesday, March 13th. Finally, JMP Securities reaffirmed a "market outperform" rating on shares of Flutter Entertainment in a report on Monday, April 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Flutter Entertainment has an average rating of "Moderate Buy" and an average target price of $17,142.50.

Flutter Entertainment Stock Down 4.3 %

The business's 50 day moving average price is $179.51 and its 200 day moving average price is $117.38.

Flutter Entertainment Company Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sportsbooks and exchange sports betting products, daily fantasy sports products, and pari-mutuel betting products; fixed odds games betting products; online games and casinos; lottery; peer-to-peer games, including online bingo, rummy, and poker; and business-to-business services.