Flutter Entertainment (NYSE:FLUT) Research Coverage Started at Moffett Nathanson

Moffett Nathanson began coverage on shares of Flutter Entertainment (NYSE:FLUT) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm issued a buy rating and a $240.00 price objective on the stock.

Other equities analysts have also issued research reports about the stock. JMP Securities restated a market outperform rating on shares of Flutter Entertainment in a report on Monday, April 1st. JPMorgan Chase & Co. upgraded Flutter Entertainment from a neutral rating to an overweight rating in a research report on Wednesday, March 13th. Wells Fargo & Company started coverage on Flutter Entertainment in a research note on Thursday, April 4th. They set an equal weight rating for the company. Finally, Barclays raised Flutter Entertainment from an equal weight rating to an overweight rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Flutter Entertainment presently has an average rating of Moderate Buy and an average price target of $13,302.50.

Flutter Entertainment Stock Performance

Flutter Entertainment stock opened at $199.76 on Monday. The firm has a 50 day moving average price of $202.05 and a two-hundred day moving average price of $134.60. Flutter Entertainment has a 52-week low of $148.00 and a 52-week high of $226.40.

Institutional Investors Weigh In On Flutter Entertainment

Hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank bought a new position in shares of Flutter Entertainment in the first quarter valued at approximately $119,485,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Flutter Entertainment in the first quarter valued at approximately $70,371,000. CVI Holdings LLC bought a new position in shares of Flutter Entertainment in the first quarter valued at approximately $58,098,000. Artemis Investment Management LLP bought a new position in shares of Flutter Entertainment in the first quarter valued at approximately $29,611,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Flutter Entertainment in the first quarter valued at approximately $19,345,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

Flutter Entertainment Company Profile

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.