2 weeks Ago By ABMN Staff
Flutter Entertainment plc ( NYSE:FLUT – Get Free Report ) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 3,340,000 shares, a growth of 58.3% from the August 31st total of 2,110,000 shares.
Based on an average trading volume of 1,920,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.
9% of the shares of the company are short sold. Flutter Entertainment Stock Performance Shares of FLUT stock opened at $238.33 on Friday.
The company’s fifty day moving average price is $209.39 and its 200-day moving average price is $201.13.
Flutter Entertainment has a one year low of $148.00 and a one year high of $252.84.
Flutter Entertainment ( NYSE:FLUT – Get Free Report ) last released its earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.
07 by $1.26. The business had revenue of $3.
61 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Equities research analysts predict that Flutter Entertainment will post 4.
75 EPS for the current fiscal year. Analysts Set New Price Targets A number of brokerages recently weighed in on FLUT. Wells Fargo & Company increased their price objective on shares of Flutter Entertainment from $218.
00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Craig Hallum increased their price target on Flutter Entertainment from $240.
00 to $275.00 and gave the company a “buy” rating in a report on Thursday. Benchmark lifted their price objective on Flutter Entertainment from $255.
00 to $265.00 and gave the stock a “buy” rating in a report on Thursday. Barclays increased their target price on Flutter Entertainment from $263.
00 to $275.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Moffett Nathanson boosted their price target on Flutter Entertainment from $245.
00 to $275.00 and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock.
According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $260.45. Read Our Latest Report on FLUT Hedge Funds Weigh In On Flutter Entertainment A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company.
Hollencrest Capital Management purchased a new position in Flutter Entertainment during the first quarter worth $28,000. Rothschild Investment LLC bought a new stake in Flutter Entertainment during the 2nd quarter valued at about $37,000. CWM LLC purchased a new stake in Flutter Entertainment in the 2nd quarter valued at about $40,000.
YHB Investment Advisors Inc. bought a new position in Flutter Entertainment in the 1st quarter worth about $45,000. Finally, Hilltop National Bank purchased a new position in shares of Flutter Entertainment during the second quarter worth approximately $101,000.
Flutter Entertainment Company Profile ( Get Free Report ) 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.
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