Flutter Entertainment (NYSE:FLUT) Earns Buy Rating from Analysts at Truist Financial

Analysts at Truist Financial assumed coverage on shares of Flutter Entertainment (NYSE:FLUT) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $330.00 price target on the stock. Truist Financial’s target price points to a potential upside of 26.95% from the company’s current price.

FLUT has been the subject of several other reports. The Goldman Sachs Group started coverage on Flutter Entertainment in a research report on Friday, November 22nd. They issued a “buy” rating and a $320.00 price objective for the company. JMP Securities upped their target price on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research note on Monday, January 6th. Wells Fargo & Company cut their price target on Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a report on Monday, February 3rd. Finally, UBS Group increased their price objective on Flutter Entertainment from $320.00 to $335.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Eighteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Flutter Entertainment presently has a consensus rating of “Buy” and a consensus price target of $307.88.

Flutter Entertainment Stock Down 3.8 %

NYSE:FLUT opened at $259.95 on Wednesday. Flutter Entertainment has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The company has a fifty day moving average of $266.38 and a two-hundred day moving average of $248.02. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89.

Hedge Funds Weigh In On Flutter Entertainment

A number of hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp acquired a new position in shares of Flutter Entertainment in the 4th quarter valued at $2,250,000. Sylebra Capital LLC bought a new position in Flutter Entertainment during the fourth quarter valued at about $5,677,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Flutter Entertainment by 27.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 322,025 shares of the company’s stock worth $83,227,000 after acquiring an additional 68,675 shares during the period. USS Investment Management Ltd acquired a new stake in Flutter Entertainment in the 4th quarter valued at $7,427,000. Finally, Voloridge Investment Management LLC grew its stake in Flutter Entertainment by 95.9% during the fourth quarter. Voloridge Investment Management LLC now owns 92,441 shares of the company’s stock worth $23,891,000 after buying an additional 45,248 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.