Flutter Entertainment (NYSE:FLUT) Coverage Initiated at Moffett Nathanson

Analysts at Moffett Nathanson began coverage on shares of Flutter Entertainment (NYSE:FLUT) in a research note issued on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $240.00 price target on the stock. Moffett Nathanson’s price objective indicates a potential upside of 18.22% from the company’s current price.

Other research analysts also recently issued research reports about the company. Barclays raised Flutter Entertainment from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, February 27th. Wells Fargo & Company initiated coverage on Flutter Entertainment in a research note on Thursday, April 4th. They set an “equal weight” rating for the company. JMP Securities reissued a “market outperform” rating on shares of Flutter Entertainment in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. raised Flutter Entertainment from a “neutral” rating to an “overweight” rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13,302.50.

Flutter Entertainment Stock Up 0.1 %

FLUT opened at $203.01 on Monday. Flutter Entertainment has a twelve month low of $148.00 and a twelve month high of $226.40. The company has a 50-day simple moving average of $202.35 and a 200 day simple moving average of $134.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sei Investments Co. acquired a new position in shares of Flutter Entertainment in the first quarter valued at approximately $5,283,000. Susquehanna International Securities Ltd. acquired a new stake in Flutter Entertainment during the 1st quarter valued at approximately $518,000. CVI Holdings LLC acquired a new stake in Flutter Entertainment during the 1st quarter valued at approximately $58,098,000. Susquehanna International Group Ltd. acquired a new stake in Flutter Entertainment during the 1st quarter valued at approximately $4,979,000. Finally, Swiss National Bank acquired a new stake in Flutter Entertainment during the 1st quarter valued at approximately $119,485,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

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.