Susquehanna Issues Pessimistic Forecast for Flutter Entertainment (NYSE:FLUT) Stock Price

Flutter Entertainment (NYSE:FLUT) had its price target cut by Susquehanna from $317.00 to $315.00 in a research note released on Wednesday,Benzinga reports. They currently have a positive rating on the stock.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC upped their target price on shares of Flutter Entertainment from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group upped their target price on shares of Flutter Entertainment from $320.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Craig Hallum upped their target price on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Macquarie initiated coverage on shares of Flutter Entertainment in a report on Wednesday, December 11th. They set an “outperform” rating and a $340.00 target price for the company. Finally, Barclays upped their target price on shares of Flutter Entertainment from $301.00 to $308.00 and gave the stock an “overweight” rating in a report on Wednesday. Eighteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $311.12.

Flutter Entertainment Trading Up 2.0 %

Shares of NYSE FLUT opened at $271.43 on Wednesday. The firm has a fifty day moving average of $267.55 and a 200 day moving average of $250.70. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment has a one year low of $174.03 and a one year high of $299.73.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jennison Associates LLC acquired a new position in Flutter Entertainment in the fourth quarter valued at about $239,306,000. Vestcor Inc acquired a new position in Flutter Entertainment in the third quarter valued at about $815,000. Benson Investment Management Company Inc. acquired a new position in Flutter Entertainment in the fourth quarter valued at about $5,116,000. Sanctuary Advisors LLC acquired a new position in Flutter Entertainment in the third quarter valued at about $802,000. Finally, Mediolanum International Funds Ltd lifted its position in Flutter Entertainment by 157.4% in the fourth quarter. Mediolanum International Funds Ltd now owns 45,304 shares of the company’s stock valued at $11,677,000 after buying an additional 27,701 shares during 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.