Wells Fargo & Company Issues Positive Forecast for Flutter Entertainment (NYSE:FLUT) Stock Price

Flutter Entertainment (NYSE:FLUT) had its price objective raised by Wells Fargo & Company from $285.00 to $300.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently weighed in on FLUT. The Goldman Sachs Group assumed coverage on Flutter Entertainment in a report on Friday, November 22nd. They set a “buy” rating and a $320.00 price target on the stock. BTIG Research set a $323.00 price target on Flutter Entertainment in a report on Monday, February 3rd. JMP Securities lifted their price target on Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, January 6th. UBS Group lifted their price target on Flutter Entertainment from $320.00 to $335.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Truist Financial assumed coverage on Flutter Entertainment in a research report on Wednesday, February 26th. They set a “buy” rating and a $330.00 price objective for the company. Eighteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Flutter Entertainment presently has a consensus rating of “Buy” and an average price target of $311.12.

Flutter Entertainment Price Performance

Shares of NYSE FLUT opened at $271.43 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s fifty day simple moving average is $267.55 and its 200 day simple moving average is $250.70. Flutter Entertainment has a 52-week low of $174.03 and a 52-week high of $299.73.

Institutional Trading of Flutter Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp acquired a new position in shares of Flutter Entertainment during the 4th quarter worth about $2,250,000. Sylebra Capital LLC acquired a new position in shares of Flutter Entertainment during the 4th quarter worth about $5,677,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Flutter Entertainment by 27.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 322,025 shares of the company’s stock worth $83,227,000 after purchasing an additional 68,675 shares during the last quarter. USS Investment Management Ltd acquired a new position in shares of Flutter Entertainment during the 4th quarter worth about $7,427,000. Finally, Voloridge Investment Management LLC lifted its position in shares of Flutter Entertainment by 95.9% during the 4th quarter. Voloridge Investment Management LLC now owns 92,441 shares of the company’s stock worth $23,891,000 after purchasing an additional 45,248 shares during the last quarter.

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.