Flutter Entertainment (NYSE:FLUT) Price Target Cut to $315.00 by Analysts at Stifel Nicolaus

by · The Cerbat Gem

Flutter Entertainment (NYSE:FLUT – Free Report) had its price target trimmed by Stifel Nicolaus from $320.00 to $315.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently commented on the company. Susquehanna decreased their target price on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a research report on Wednesday, March 5th. JMP Securities lowered their target price on shares of Flutter Entertainment from $328.00 to $317.00 and set a “market outperform” rating for the company in a report on Monday, April 14th. Peel Hunt raised Flutter Entertainment from a “hold” rating to an “add” rating in a research report on Monday, March 10th. Needham & Company LLC lifted their price objective on shares of Flutter Entertainment from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Citizens Jmp lowered their target price on Flutter Entertainment from $328.00 to $317.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Twenty analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $309.44.

Read Our Latest Report on FLUT

Flutter Entertainment Trading Up 2.5 %

NYSE FLUT opened at $227.08 on Tuesday. The business has a 50 day simple moving average of $244.49 and a 200 day simple moving average of $252.83. The stock has a market capitalization of $40.30 billion and a P/E ratio of 1,032.20. 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.

Insider Transactions at Flutter Entertainment

In related news, CEO Amy Howe sold 11,814 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the transaction, the chief executive officer now owns 62,941 shares in the company, valued at $16,396,130.50. The trade was a 15.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeremy Peter Jackson sold 25,027 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $261.96, for a total value of $6,556,072.92. Following the transaction, the director now directly owns 21,148 shares in the company, valued at $5,539,930.08. This trade represents a 54.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Institutional Investors Weigh In On Flutter Entertainment

Several institutional investors and hedge funds have recently modified their holdings of FLUT. Harvest Fund Management Co. Ltd purchased a new position in shares of Flutter Entertainment during the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC raised 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 last quarter. Raleigh Capital Management Inc. bought a new position in shares of Flutter Entertainment during the fourth quarter valued at $26,000. BOCHK Asset Management Ltd bought a new position in Flutter Entertainment during the 4th quarter valued at about $26,000. Finally, GPS Wealth Strategies Group LLC lifted its position in Flutter Entertainment by 1,375.0% during the first quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company’s stock valued at $26,000 after purchasing an additional 110 shares during the period.

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.

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