Flutter Entertainment (NYSE:FLUT) Stock Price Down 2.7%

Shares of Flutter Entertainment plc (NYSE:FLUT) fell 2.7% during trading on Tuesday . The company traded as low as $183.53 and last traded at $183.65. 95,515 shares changed hands during trading, a decline of 80% from the average session volume of 468,293 shares. The stock had previously closed at $188.81.

Analysts Set New Price Targets

A number of brokerages have recently commented on FLUT. BTIG Research upped their price target on Flutter Entertainment from $242.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Benchmark restated a “buy” rating and issued a $255.00 target price on shares of Flutter Entertainment in a research note on Wednesday, May 15th. JPMorgan Chase & Co. upgraded Flutter Entertainment from a “neutral” rating to an “overweight” rating in a research note on Wednesday, March 13th. Wells Fargo & Company restated an “equal weight” rating and issued a $210.00 target price on shares of Flutter Entertainment in a research note on Wednesday, May 15th. Finally, Moffett Nathanson initiated coverage on Flutter Entertainment in a research note on Monday, May 6th. They issued a “buy” rating and a $240.00 target price for the company. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $5,464.10.

Flutter Entertainment Stock Performance

The firm has a fifty day moving average price of $193.15 and a 200 day moving average price of $157.87.

Institutional Trading of Flutter Entertainment

Several large investors have recently made changes to their positions in the business. Hollencrest Capital Management acquired a new position in shares of Flutter Entertainment during the first quarter valued at $28,000. YHB Investment Advisors Inc. acquired a new position in shares of Flutter Entertainment during the first quarter valued at $45,000. Global Retirement Partners LLC acquired a new position in shares of Flutter Entertainment during the first quarter valued at $45,000. V Square Quantitative Management LLC acquired a new position in shares of Flutter Entertainment during the first quarter valued at $67,000. Finally, Financial Perspectives Inc acquired a new position in shares of Flutter Entertainment during the first quarter valued at $102,000.

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.