Flutter Entertainment (NYSE:FLUT) Sets New 52-Week High at $226.98

Flutter Entertainment plc (NYSE:FLUT)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $226.98 and last traded at $226.98, with a volume of 13018 shares traded. The stock had previously closed at $224.34.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Oppenheimer boosted their price target on Flutter Entertainment from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Susquehanna increased their price target on Flutter Entertainment from $222.00 to $230.00 and gave the company a “positive” rating in a research note on Wednesday, August 14th. Barclays started coverage on shares of Flutter Entertainment in a research report on Thursday, September 12th. They set an “overweight” rating and a $263.00 price objective for the company. Berenberg Bank upgraded Flutter Entertainment to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $255.00 target price on shares of Flutter Entertainment in a research report on Wednesday. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $246.44.

Flutter Entertainment Trading Down 0.7 %

The stock’s 50-day simple moving average is $205.16 and its 200-day simple moving average is $200.19.

Flutter Entertainment (NYSE:FLUT) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $1.26. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.41 billion. Sell-side analysts expect that Flutter Entertainment plc will post 4.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FLUT. Hollencrest Capital Management bought a new stake in Flutter Entertainment during the first quarter worth about $28,000. Rothschild Investment LLC acquired a new position in shares of Flutter Entertainment in the 2nd quarter valued at approximately $37,000. CWM LLC bought a new stake in shares of Flutter Entertainment during the 2nd quarter worth approximately $40,000. YHB Investment Advisors Inc. acquired a new stake in shares of Flutter Entertainment during the 1st quarter worth approximately $45,000. Finally, Financial Perspectives Inc bought a new position in Flutter Entertainment in the first quarter valued at approximately $102,000.

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.