Flutter Entertainment (NYSE:FLUT) Stock Rating Reaffirmed by Benchmark

Flutter Entertainment (NYSE:FLUT)‘s stock had its “buy” rating restated by stock analysts at Benchmark in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $255.00 price target on the stock. Benchmark’s target price suggests a potential upside of 23.11% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Moffett Nathanson initiated coverage on Flutter Entertainment in a research note on Monday, May 6th. They issued a “buy” rating and a $240.00 price objective on the stock. JMP Securities reiterated a “market outperform” rating and set a $246.00 price target on shares of Flutter Entertainment in a research report on Wednesday, May 15th. BTIG Research upped their price target on Flutter Entertainment from $242.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Susquehanna upped their price target on Flutter Entertainment from $222.00 to $230.00 and gave the company a “positive” rating in a research report on Wednesday. Finally, Wells Fargo & Company upped their price target on Flutter Entertainment from $218.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,211.88.

Flutter Entertainment Trading Up 8.2 %

Flutter Entertainment stock traded up $15.75 during midday trading on Wednesday, reaching $207.14. The stock had a trading volume of 2,964,521 shares, compared to its average volume of 694,955. Flutter Entertainment has a 12 month low of $148.00 and a 12 month high of $226.40. The firm’s 50-day moving average price is $191.69 and its 200 day moving average price is $188.34.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management purchased a new stake in Flutter Entertainment in the first quarter worth approximately $28,000. Assenagon Asset Management S.A. boosted its stake in Flutter Entertainment by 3.0% in the second quarter. Assenagon Asset Management S.A. now owns 5,760 shares of the company’s stock worth $1,053,000 after buying an additional 170 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Flutter Entertainment in the second quarter worth approximately $37,000. CWM LLC purchased a new stake in Flutter Entertainment in the second quarter worth approximately $40,000. Finally, YHB Investment Advisors Inc. purchased a new stake in Flutter Entertainment in the first quarter worth approximately $45,000.

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.