Flutter Entertainment’s (FLUT) “Market Outperform” Rating Reaffirmed at JMP Securities

JMP Securities reissued their market outperform rating on shares of Flutter Entertainment (NYSE:FLUTFree Report) in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has a $246.00 target price on the stock.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company began coverage on shares of Flutter Entertainment in a report on Thursday, April 4th. They issued an equal weight rating on the stock. Moffett Nathanson began coverage on shares of Flutter Entertainment in a report on Monday, May 6th. They set a buy rating and a $240.00 target price on the stock. BTIG Research raised their target price on shares of Flutter Entertainment from $242.00 to $245.00 and gave the stock a buy rating in a report on Wednesday. Benchmark reaffirmed a buy rating and set a $255.00 target price on shares of Flutter Entertainment in a report on Wednesday. Finally, JPMorgan Chase & Co. raised shares of Flutter Entertainment from a neutral rating to an overweight rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $6,770.75.

Get Our Latest Stock Analysis on Flutter Entertainment

Flutter Entertainment Price Performance

Flutter Entertainment stock opened at $206.50 on Wednesday. Flutter Entertainment has a twelve month low of $148.00 and a twelve month high of $226.40. The company’s 50-day moving average price is $200.48 and its two-hundred day moving average price is $140.44.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in Flutter Entertainment in the first quarter valued at approximately $28,000. Global Retirement Partners LLC bought a new position in Flutter Entertainment in the first quarter valued at approximately $45,000. YHB Investment Advisors Inc. bought a new position in Flutter Entertainment in the first quarter valued at approximately $45,000. V Square Quantitative Management LLC acquired a new stake in Flutter Entertainment in the first quarter valued at approximately $67,000. Finally, Financial Perspectives Inc acquired a new stake in Flutter Entertainment in the first quarter valued at approximately $102,000. 0.01% of the stock is owned by institutional investors.

About Flutter Entertainment

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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.

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Analyst Recommendations for Flutter Entertainment (NYSE:FLUT)

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