Citizens Jmp Cuts Flutter Entertainment (NYSE:FLUT) Price Target to $317.00

Flutter Entertainment (NYSE:FLUT) had its price objective lowered by Citizens Jmp from $328.00 to $317.00 in a research report sent to investors on Monday, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. UBS Group upped their target price on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. JMP Securities reduced their price objective on Flutter Entertainment from $328.00 to $317.00 and set a “market outperform” rating for the company in a research report on Monday. Peel Hunt raised Flutter Entertainment from a “hold” rating to an “add” rating in a research report on Monday, March 10th. Macquarie reaffirmed an “outperform” rating and set a $340.00 price target on shares of Flutter Entertainment in a research report on Wednesday, March 5th. Finally, BTIG Research set a $323.00 price objective on shares of Flutter Entertainment in a report on Monday, February 3rd. Twenty analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $312.06.

Flutter Entertainment Stock Down 1.2 %

Flutter Entertainment stock opened at $227.08 on Monday. The company has a 50 day moving average of $248.38 and a 200-day moving average of $252.98. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment has a twelve month low of $174.03 and a twelve month high of $299.73. The stock has a market capitalization of $40.30 billion and a PE ratio of 1,032.18.

Insider Buying and Selling at Flutter Entertainment

In other news, Director Jeremy Peter Jackson sold 25,027 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $261.96, for a total value of $6,556,072.92. Following the transaction, the director now owns 21,148 shares of the company’s stock, valued at approximately $5,539,930.08. This represents a 54.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amy Howe sold 11,814 shares of Flutter Entertainment stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $260.50, for a total value of $3,077,547.00. Following the sale, the chief executive officer now directly owns 62,941 shares of the company’s stock, valued at approximately $16,396,130.50. The trade was a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLUT. Harvest Fund Management Co. Ltd bought a new stake in shares of Flutter Entertainment in the fourth quarter valued at about $25,000. Farther Finance Advisors LLC boosted its holdings in Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 82 shares during the period. Raleigh Capital Management Inc. acquired a new position in shares of Flutter Entertainment during the 4th quarter worth approximately $26,000. BOCHK Asset Management Ltd acquired a new position in shares of Flutter Entertainment during the 4th quarter worth approximately $26,000. Finally, GPS Wealth Strategies Group LLC raised its position in shares of Flutter Entertainment by 1,375.0% in the first quarter. GPS Wealth Strategies Group LLC now owns 118 shares of the company’s stock valued at $26,000 after buying an additional 110 shares in the last quarter.

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.