Flutter Entertainment (NYSE:FLUT) Research Coverage Started at Oppenheimer

Equities researchers at Oppenheimer assumed coverage on shares of Flutter Entertainment (NYSE:FLUT) in a research report issued on Tuesday, MarketBeat reports. The brokerage set an “outperform” rating and a $240.00 price target on the stock. Oppenheimer’s price target suggests a potential upside of 28.75% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Benchmark reissued a “buy” rating and set a $255.00 target price on shares of Flutter Entertainment in a research report on Wednesday, May 15th. Moffett Nathanson began coverage on shares of Flutter Entertainment in a research report on Monday, May 6th. They set a “buy” rating and a $240.00 price objective on the stock. JMP Securities restated a “market outperform” rating and issued a $246.00 target price on shares of Flutter Entertainment in a report on Wednesday, May 15th. JPMorgan Chase & Co. upgraded shares of Flutter Entertainment from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 13th. Finally, Susquehanna decreased their price objective on shares of Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating for the company in a research note on Thursday, May 30th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $5,464.10.

Flutter Entertainment Stock Down 2.8 %

Shares of FLUT opened at $186.41 on Tuesday. Flutter Entertainment has a 1 year low of $148.00 and a 1 year high of $226.40. The business’s 50 day simple moving average is $195.12 and its 200-day simple moving average is $151.45.

Hedge Funds Weigh In On Flutter Entertainment

A number of hedge funds have recently made changes to their positions in FLUT. Hollencrest Capital Management purchased a new stake in shares of Flutter Entertainment during the first quarter worth approximately $28,000. Global Retirement Partners LLC acquired a new stake in Flutter Entertainment during the 1st quarter worth $45,000. YHB Investment Advisors Inc. purchased a new stake in shares of Flutter Entertainment during the first quarter worth $45,000. V Square Quantitative Management LLC purchased a new position in shares of Flutter Entertainment in the first quarter worth about $67,000. Finally, Financial Perspectives Inc purchased a new stake in Flutter Entertainment during the 1st quarter valued at about $102,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

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.