Flutter Entertainment (NYSE:FLUT) Now Covered by Truist Financial

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

Several other analysts have also recently weighed in on FLUT. The Goldman Sachs Group started coverage on shares of Flutter Entertainment in a report on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price on the stock. Barclays lifted their target price on shares of Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. JMP Securities lifted their target price on shares of Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, January 6th. Benchmark lifted their target price on shares of Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Oppenheimer lifted their target price on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Eighteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $307.88.

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $273.01 on Wednesday. The company has a 50-day moving average of $266.53 and a two-hundred day moving average of $248.20. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment has a 1-year low of $174.03 and a 1-year high of $299.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FLUT. Harbor Investment Advisory LLC grew its holdings in shares of Flutter Entertainment by 64.1% during the 4th 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 period. UMB Bank n.a. boosted its holdings in Flutter Entertainment by 58.8% in the 4th quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after acquiring an additional 50 shares during the period. Seelaus Asset Management LLC boosted its holdings in Flutter Entertainment by 6.4% in the 4th quarter. Seelaus Asset Management LLC now owns 914 shares of the company’s stock worth $236,000 after acquiring an additional 55 shares during the period. Ritholtz Wealth Management boosted its holdings in Flutter Entertainment by 3.5% in the 4th quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock worth $446,000 after acquiring an additional 59 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after acquiring an additional 82 shares during the period.

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.