Susquehanna Has Lowered Expectations for Flutter Entertainment (NYSE:FLUT) Stock Price

Flutter Entertainment (NYSE:FLUT) had its target price lowered by equities researchers at Susquehanna from $317.00 to $315.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price objective points to a potential upside of 18.25% from the stock’s previous close.

A number of other brokerages also recently weighed in on FLUT. Craig Hallum raised their target price on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group began coverage on Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 price objective for the company. Needham & Company LLC boosted their target price on Flutter Entertainment from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus assumed coverage on Flutter Entertainment in a research note on Friday, January 17th. They issued a “buy” rating and a $320.00 target price on the stock. Finally, Truist Financial began coverage on Flutter Entertainment in a research report on Wednesday, February 26th. They issued a “buy” rating and a $330.00 price target for the company. Eighteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Flutter Entertainment has a consensus rating of “Buy” and a consensus price target of $309.65.

Flutter Entertainment Trading Up 0.1 %

Shares of NYSE:FLUT traded up $0.23 during midday trading on Wednesday, reaching $266.38. The company’s stock had a trading volume of 801,792 shares, compared to its average volume of 1,466,736. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $267.35 and a 200-day moving average of $250.56. Flutter Entertainment has a 12-month low of $174.03 and a 12-month high of $299.73.

Hedge Funds Weigh In On Flutter Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the company. Parvus Asset Management Europe Ltd purchased a new stake in Flutter Entertainment during the fourth quarter valued at $2,146,227,000. Norges Bank bought a new stake in shares of Flutter Entertainment during the 4th quarter valued at about $946,681,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Flutter Entertainment during the 3rd quarter valued at about $849,474,000. Bank of Montreal Can increased its position in shares of Flutter Entertainment by 868.5% during the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock valued at $798,927,000 after purchasing an additional 3,019,376 shares during the last quarter. Finally, Invesco Ltd. bought a new position in shares of Flutter Entertainment in the 4th quarter worth approximately $621,680,000.

About Flutter Entertainment

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.