UBS Group Forecasts Strong Price Appreciation for Flutter Entertainment (NYSE:FLUT) Stock

Flutter Entertainment (NYSE:FLUT) had its target price upped by UBS Group from $320.00 to $335.00 in a research report released on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Macquarie assumed coverage on shares of Flutter Entertainment in a report on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price target on the stock. Oppenheimer upped their price objective on Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Stifel Nicolaus initiated coverage on Flutter Entertainment in a report on Friday, January 17th. They issued a “buy” rating and a $320.00 target price for the company. Benchmark upped their price target on Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Susquehanna cut their price objective on Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Seventeen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $305.38.

Flutter Entertainment Trading Up 1.7 %

FLUT stock opened at $267.20 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The business has a 50-day simple moving average of $266.43 and a two-hundred day simple moving average of $236.31. Flutter Entertainment has a 52-week low of $174.03 and a 52-week high of $284.79.

Institutional Investors Weigh In On Flutter Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Entropy Technologies LP purchased a new position in Flutter Entertainment during the fourth quarter valued at $2,540,000. Seelaus Asset Management LLC boosted its position in Flutter Entertainment by 6.4% during the fourth 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 last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Flutter Entertainment by 3.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 344,815 shares of the company’s stock valued at $89,117,000 after purchasing an additional 10,664 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Flutter Entertainment during the fourth quarter worth about $216,000. Finally, Yousif Capital Management LLC raised its position in Flutter Entertainment by 7.5% in the fourth quarter. Yousif Capital Management LLC now owns 3,530 shares of the company’s stock valued at $912,000 after purchasing an additional 245 shares during the period.

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.