Citizens Jmp Cuts Flutter Entertainment (NYSE:FLUT) Price Target to $275.00

Flutter Entertainment (NYSE:FLUT) had its price objective trimmed by Citizens Jmp from $313.00 to $275.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a market outperform rating on the stock.

A number of other brokerages have also weighed in on FLUT. JMP Securities decreased their target price on Flutter Entertainment from $345.00 to $340.00 and set a “market outperform” rating for the company in a research report on Wednesday, October 1st. Texas Capital raised Flutter Entertainment to a “strong-buy” rating in a research report on Thursday, January 8th. Wells Fargo & Company restated an “equal weight” rating and issued a $228.00 price objective (down from $248.00) on shares of Flutter Entertainment in a report on Wednesday, January 14th. Citigroup reaffirmed an “outperform” rating on shares of Flutter Entertainment in a research note on Monday, January 5th. Finally, Bank of America dropped their target price on shares of Flutter Entertainment from $250.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $289.81.

Flutter Entertainment Stock Performance

Flutter Entertainment stock opened at $174.83 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $30.63 billion, a PE ratio of -134.49 and a beta of 1.88. The company has a 50 day moving average price of $207.51 and a 200-day moving average price of $250.90. Flutter Entertainment has a fifty-two week low of $173.85 and a fifty-two week high of $313.68.

Institutional Trading of Flutter Entertainment

A number of institutional investors have recently modified their holdings of FLUT. Barrett & Company Inc. bought a new position in shares of Flutter Entertainment during the 2nd quarter worth approximately $29,000. ORG Partners LLC boosted its stake in Flutter Entertainment by 300.0% in the second quarter. ORG Partners LLC now owns 100 shares of the company’s stock valued at $28,000 after acquiring an additional 75 shares in the last quarter. JFS Wealth Advisors LLC purchased a new position in Flutter Entertainment in the third quarter worth $27,000. MassMutual Private Wealth & Trust FSB grew its holdings in Flutter Entertainment by 219.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 115 shares of the company’s stock worth $25,000 after purchasing an additional 79 shares during the last quarter. Finally, JCIC Asset Management Inc. acquired a new position in shares of Flutter Entertainment during the third quarter worth $32,000.

More Flutter Entertainment News

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Citizens JMP cut its price target from $313 to $275 but kept a “market outperform” rating, signaling the firm still sees significant longer?term upside (~57% from current levels). Read More.
• Neutral Sentiment: Bank of America trimmed its target to $210 and moved to a “neutral” stance — a moderation of optimism that still implies roughly ~20% upside but removes a bullish endorsement. Read More.
• Neutral Sentiment: An analyst note / review flagged a “claimed 39% valuation gap” amid recent share weakness, an analytical view that could be read as either an overreaction or a signal of mispricing depending on assumptions — not an immediate catalyst. Read More.
• Negative Sentiment: Craig-Hallum downgraded FLUT to Hold, citing accumulating transitory headwinds. That downgrade has been widely reported and likely amplified short?term selling. Read More.
• Negative Sentiment: Follow?up coverage noted the Craig?Hallum rating cut as a direct reason for the drop in investor sentiment, contributing to increased volatility. Read More.
• Negative Sentiment: Reports show FLUT has reached a new one?year low after the analyst downgrades, confirming that the market reaction has already pushed the shares materially lower. Read More.

Flutter Entertainment Company Profile

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.