Flutter Entertainment plc (NYSE:FLUT) Receives Average Recommendation of “Moderate Buy” from Analysts

Flutter Entertainment plc (NYSE:FLUT) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $87.98.

A number of research firms recently weighed in on FLUT. JPMorgan Chase & Co. upgraded shares of Flutter Entertainment from a “neutral” rating to an “overweight” rating in a research note on Wednesday, March 13th. Barclays upgraded shares of Flutter Entertainment from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, February 27th. JMP Securities restated a “market outperform” rating on shares of Flutter Entertainment in a research note on Monday, April 1st. Finally, Wells Fargo & Company began coverage on shares of Flutter Entertainment in a research note on Thursday, April 4th. They set an “equal weight” rating on the stock.

Flutter Entertainment Trading Up 2.7 %

Shares of NYSE:FLUT opened at $189.89 on Wednesday. The firm’s 50-day moving average is $199.74 and its two-hundred day moving average is $126.31. Flutter Entertainment has a 1 year low of $148.00 and a 1 year high of $226.40.

Hedge Funds Weigh In On Flutter Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new position in Flutter Entertainment in the first quarter valued at approximately $45,000. Financial Perspectives Inc acquired a new position in Flutter Entertainment in the first quarter valued at approximately $102,000. Arthur M. Cohen & Associates LLC acquired a new position in Flutter Entertainment in the first quarter valued at approximately $282,000. Allspring Global Investments Holdings LLC acquired a new position in Flutter Entertainment in the first quarter valued at approximately $7,319,000. Finally, Artemis Investment Management LLP acquired a new position in Flutter Entertainment in the first quarter valued at approximately $29,611,000. 0.01% of the stock is owned by institutional investors and hedge funds.

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.