Flutter Entertainment (NYSE:FLUT) Stock Rating Reaffirmed by Benchmark

Flutter Entertainment (NYSE:FLUT)‘s stock had its “buy” rating restated by analysts at Benchmark in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $255.00 price target on the stock. Benchmark’s price objective would suggest a potential upside of 23.11% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on FLUT. BTIG Research boosted their price objective on Flutter Entertainment from $242.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Oppenheimer boosted their price objective on Flutter Entertainment from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday. Moffett Nathanson began coverage on Flutter Entertainment in a research note on Monday, May 6th. They set a “buy” rating and a $240.00 price objective on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $246.00 target price on shares of Flutter Entertainment in a research note on Wednesday, May 15th. Finally, Wells Fargo & Company upped their target price on Flutter Entertainment from $218.00 to $224.00 and gave the company an “equal weight” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Flutter Entertainment presently has an average rating of “Moderate Buy” and an average price target of $2,211.88.

Flutter Entertainment Trading Up 8.2 %

Shares of FLUT stock traded up $15.75 during trading hours on Wednesday, hitting $207.14. The stock had a trading volume of 2,964,521 shares, compared to its average volume of 694,955. The stock’s 50-day moving average price is $191.69 and its two-hundred day moving average price is $188.34. Flutter Entertainment has a one year low of $148.00 and a one year high of $226.40.

Institutional Trading of Flutter Entertainment

A number of hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in shares of Flutter Entertainment in the 1st quarter valued at $1,272,000. Nordea Investment Management AB acquired a new position in shares of Flutter Entertainment in the 1st quarter valued at $1,656,000. Capital International Ltd. CA acquired a new position in shares of Flutter Entertainment in the 1st quarter valued at $2,180,000. Swiss National Bank acquired a new stake in Flutter Entertainment during the 1st quarter worth about $119,485,000. Finally, Vanguard Group Inc. acquired a new stake in Flutter Entertainment during the 1st quarter worth about $1,578,442,000.

Flutter Entertainment Company Profile

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.