Flutter Entertainment (NYSE:FLUT) Stock Rating Reaffirmed by JMP Securities

JMP Securities reissued their market outperform rating on shares of Flutter Entertainment (NYSE:FLUT) in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a $255.00 target price on the stock.

Other research analysts have also recently issued reports about the company. Morgan Stanley started coverage on Flutter Entertainment in a research report on Thursday, August 22nd. They set an overweight rating and a $247.00 price objective for the company. 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 report on Wednesday, August 14th. Oppenheimer upped their price objective on Flutter Entertainment from $240.00 to $255.00 and gave the stock an outperform rating in a research report on Wednesday, August 14th. Susquehanna upped their price objective on Flutter Entertainment from $222.00 to $230.00 and gave the stock a positive rating in a research report on Wednesday, August 14th. Finally, Benchmark reiterated a buy rating and set a $255.00 target price on shares of Flutter Entertainment in a report on Wednesday, August 14th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Buy and an average target price of $246.44.

Flutter Entertainment Price Performance

NYSE:FLUT opened at $231.86 on Wednesday. Flutter Entertainment has a 1 year low of $148.00 and a 1 year high of $234.54. The stock has a 50-day moving average price of $206.17 and a two-hundred day moving average price of $200.42.

Flutter Entertainment (NYSE:FLUT) last posted its earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $1.26. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.41 billion. Research analysts expect that Flutter Entertainment will post 4.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Flutter Entertainment

Large investors have recently made changes to their positions in the company. Hollencrest Capital Management bought a new position in shares of Flutter Entertainment during the first quarter worth approximately $28,000. Rothschild Investment LLC acquired a new stake in Flutter Entertainment during the second quarter worth approximately $37,000. CWM LLC acquired a new stake in Flutter Entertainment during the second quarter worth approximately $40,000. YHB Investment Advisors Inc. acquired a new stake in Flutter Entertainment during the first quarter worth approximately $45,000. Finally, Financial Perspectives Inc acquired a new stake in Flutter Entertainment during the first quarter worth approximately $102,000.

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.