Flutter Entertainment (NYSE:FLUT) Sees Unusually-High Trading Volume

Flutter Entertainment plc (NYSE:FLUT) shares saw unusually-high trading volume on Monday . Approximately 324,634 shares changed hands during trading, a decline of 61% from the previous session’s volume of 824,814 shares.The stock last traded at $217.01 and had previously closed at $213.67.

Analysts Set New Price Targets

FLUT has been the subject of a number of analyst reports. Wells Fargo & Company raised their target price on shares of Flutter Entertainment from $218.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Benchmark reaffirmed a “buy” rating and issued a $255.00 target price on shares of Flutter Entertainment in a research report on Wednesday, August 14th. Susquehanna upped their target price on Flutter Entertainment from $222.00 to $230.00 and gave the stock a “positive” rating in a report on Wednesday, August 14th. Morgan Stanley assumed coverage on Flutter Entertainment in a research note on Thursday, August 22nd. They issued an “overweight” rating and a $247.00 price target for the company. Finally, BTIG Research upped their price objective on Flutter Entertainment from $245.00 to $249.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $1,995.00.

Flutter Entertainment Stock Performance

The business has a fifty day moving average of $201.82 and a two-hundred day moving average of $199.71.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings data on Tuesday, August 13th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $1.26. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.41 billion. Analysts anticipate that Flutter Entertainment plc will post 4.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hollencrest Capital Management bought a new stake in shares of Flutter Entertainment during the first quarter worth approximately $28,000. Rothschild Investment LLC bought a new stake in Flutter Entertainment in the 2nd quarter valued at $37,000. CWM LLC acquired a new position in Flutter Entertainment in the 2nd quarter valued at $40,000. YHB Investment Advisors Inc. bought a new position in Flutter Entertainment during the 1st quarter worth $45,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Flutter Entertainment during the first quarter worth $45,000.

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.