JMP Securities Reaffirms “Market Outperform” Rating for Flutter Entertainment (NYSE:FLUT)

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

Other research analysts have also issued reports about the company. Barclays began coverage on Flutter Entertainment in a research report on Thursday, September 12th. They issued an overweight rating and a $263.00 target price on the stock. Wells Fargo & Company upped their target price on Flutter Entertainment from $218.00 to $224.00 and gave the stock an equal weight rating in a research report on Wednesday, August 14th. Berenberg Bank raised Flutter Entertainment to a strong-buy rating in a research report on Tuesday, August 27th. Morgan Stanley began coverage on Flutter Entertainment in a research report on Thursday, August 22nd. They issued an overweight rating and a $247.00 target price on the stock. Finally, BTIG Research upped their target price on Flutter Entertainment from $245.00 to $249.00 and gave the stock a buy rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Flutter Entertainment presently has a consensus rating of Buy and a consensus price target 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 business’s fifty day moving average price is $206.17 and its 200 day moving average price is $200.52.

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

Institutional Trading of Flutter Entertainment

Several large investors have recently made changes to their positions in FLUT. Hollencrest Capital Management acquired a new stake in Flutter Entertainment in the 1st quarter valued at approximately $28,000. Rothschild Investment LLC acquired a new stake in Flutter Entertainment in the 2nd quarter valued at approximately $37,000. CWM LLC acquired a new stake in Flutter Entertainment in the 2nd quarter valued at approximately $40,000. YHB Investment Advisors Inc. acquired a new stake in Flutter Entertainment in the 1st quarter valued at approximately $45,000. Finally, Hilltop National Bank acquired a new stake in Flutter Entertainment in the 2nd quarter valued at approximately $101,000.

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.