Benchmark Issues Positive Forecast for Flutter Entertainment (NYSE:FLUT) Stock Price

Flutter Entertainment (NYSE:FLUT) had its price target hoisted by Benchmark from $265.00 to $275.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

FLUT has been the subject of a number of other research reports. UBS Group assumed coverage on shares of Flutter Entertainment in a research report on Friday, November 8th. They set a “buy” rating and a $306.00 price objective for the company. Susquehanna upped their price objective on shares of Flutter Entertainment from $273.00 to $286.00 and gave the company a “positive” rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of Flutter Entertainment from $295.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America assumed coverage on shares of Flutter Entertainment in a research report on Monday, October 14th. They set a “buy” rating and a $300.00 price objective for the company. Finally, Moffett Nathanson upped their price objective on shares of Flutter Entertainment from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Flutter Entertainment presently has a consensus rating of “Buy” and an average price target of $296.08.

Flutter Entertainment Stock Performance

FLUT stock opened at $265.45 on Wednesday. Flutter Entertainment has a 52-week low of $149.00 and a 52-week high of $269.90. The company has a 50-day moving average of $233.95 and a two-hundred day moving average of $210.01.

Flutter Entertainment declared that its board has initiated a stock buyback program on Wednesday, September 25th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to buy up to 11.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Flutter Entertainment

Several large investors have recently added to or reduced their stakes in FLUT. Rothschild Investment LLC bought a new stake in Flutter Entertainment during the second quarter worth about $37,000. CWM LLC bought a new stake in Flutter Entertainment during the second quarter worth about $40,000. US Bancorp DE grew its stake in Flutter Entertainment by 71.7% during the third quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after buying an additional 99 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Flutter Entertainment during the third quarter worth about $82,000. Finally, Hilltop National Bank bought a new stake in Flutter Entertainment during the second quarter worth about $101,000.

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.